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Footwear company Campus Activewear has filed preliminary papers with markets regulator Sebi (Securities and Exchange Board of India) raise funds via an initial public offering (IPO).

The IPO is entirely an offer for sale (OFS) of 5.1 crore equity shares by promoters and existing shareholders.

The draft red herring prospectus (DRHP) submitted by the sports and athleisure footwear company says those offering shares are promoters Hari Krishna Agarwal and Nikhil Aggarwal, and investors TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.

Also read: Highest amount of money raised through IPOs in 2021. See list of blockbusters

Currently, promoters hold 78.21 per cent stake in Campus, while TPG Growth and QRG Enterprises own 17.19 per cent and 3.86 per cent stake, respectively.

Incorporated in 2006, Campus Activewear is one of the leading players in organised sports and casual footwear sector in India.

The company's flagship brand “Campus", is one of the largest domestic sports and casual footwear brand in India. The company has a network of over 15,000 multi-brand retail stores, company-owned exclusive outlets and e-commerce portals.

The brand enjoys about 17 per cent market share in the branded sports and athleisure footwear industry and offers a wide variety of light weight casual footwear catering to young millennials.

BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company are the merchant bank advises the company.

With PTI inputs

Also read: TBO Tek files draft paper for 2100 crore IPO

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