Campus Activewear IPO: GMP, price, key dates, financials and review

  • Campus Activewear IPO GMP today is 72, which means grey market is expecting this IPO to list at around 364, believe market observers

Asit Manohar
Updated27 Apr 2022, 07:59 AM IST
Campus Activewear IPO: At the high of the issue price-band ( <span class='webrupee'>₹</span>292), the stock is valued at around 66x FY20 EV/EBITDA and ~142x P/E, reveals Anand Rathi report. Photo: Courtesy Campus Activewear website
Campus Activewear IPO: At the high of the issue price-band ( ₹292), the stock is valued at around 66x FY20 EV/EBITDA and ~142x P/E, reveals Anand Rathi report. Photo: Courtesy Campus Activewear website

Campus Activewear IPO (Initial Public Offering) is going to hit primary market today and the public issue worth 1400 crore will remain open for subscription till 28th April 2022. The footwear company has fixed price band of its public offer at 278 to 292 per equity share. Meanwhile, grey market has gone bullish on the public offer. According to market observers, shares of Campus Activewear are available at a premium of 72 in grey market today.

Campus Activewear IPO GMP

According to market observers, Campus Activewear IPO GMP (grey market premium) today is 100, which means grey market is expecting this IPO to list at around 392 ( 292 + 72).

Campus Activewear IPO subscription status

After bidding for day 1, public issue has been subscribed 1.24 times whereas its retail portion has been subscribed 1.88 times.

Campus Activewear IPO key dates

- Campus Activewear IPO subscription date: As mentioned above, the public issue will open for subscription on 26th April 2022 and it will remain open for subscription till 28th April 2022.

- Campus Activewear IPO allotment date: The likely date for this IPO allotment is 4th May 2022.

- Campus Activewear IPO listing date: The tentative date for Campus Activewear share listing is 9th May 2022.

Campus Activewear IPO: How to apply?

Bidders can login at the website of their broker or app (where they have their demat account), select Campus Activewear IPO, enter their UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ‘Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app.

Campus Activewear financials

In FY19, company's revenue stood at 595 crores, which went up to 732 crore in FY20. However, in FY21, company's revenue dipped to 711 crore. However, company's PAT (Profit After Tax) after in Q3FY22 stands at 84.804 crore, which was at 16.846 crore in Q3FY21. Campus has reported PAT of 26.863 crore in Q4FY22, which stood at 62.369n in Q4FY21.

Campus Activewear IPO review

Anand Rathi has given 'subscribe' tag to the IPO. Anand Rathi report on the public issue says that investors can rely on reasonable pricing, attractive valuation and should reckon Campus Activewear' operations in fast going footwear segment.

Giving 'buy' tag to Campus Activewear IPO; Saurabh Joshi Research Analyst at Marwadi Financial Services said, "Considering the TTM (Dec 21) EPS of 3.12 on a post-issue basis, the company is going to list at a P/E of 93.72x with a market cap of Rs.88,863 mn whereas its peers namely Relaxo Footwear and Bata India Ltd are

trading at PE of 103x and 357x. We assign a “Subscribe” rating to this IPO as the company is the largest sports and athleisure footwear brand having 17% market share in India by value. Also, it is available at a reasonable valuation as compared to its peers."

Recommending 'buy' for long term investors; Santosh Meena. Head of Research, Swastika Investmart Ltd said, "Campus Activewear Limited is India's largest sports and athleisure footwear brand, it enjoys competitive advantages like integrated manufacturing facilities, strong brand recognition, robust distribution network. The company has good growth prospects, good relationships with its stockists & suppliers, a focus on in-house designing, and an enviable supply chain network. However, all the positives are priced in as the share is priced at a PE of 78.5 (annualized FY 22 earnings), and being an OFS we recommend this issue for long-term investors only."

How to check share allocation status

The tentative date for Campus Activewear share allocation is 4th May 2022. Bidders are advised to check their application status online by logging at the BSE website or at the website of IPO's official registrar. The official registrar of Campus Activewear IPO is Link Intime India Private Ltd.

All about the Campus Activewear

Campus Activewear Limited, which was incorporated in 2005, is India's largest sports and athleisure footwear brand. It manufactures and distributes a variety of footwear like running shoes, walking shoes, casual shoes, floaters, slippers, flip flops and sandals, available in multiple colours, styles and at affordable prices. It's products are available for buyers on both online and offline platforms.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess
First Published:27 Apr 2022, 07:59 AM IST
HomeMarketsIPOCampus Activewear IPO: GMP, price, key dates, financials and review

Most Active Stocks

Tata Steel

157.75
03:43 PM | 19 JUL 2024
-8.6 (-5.17%)

Tata Power

414.15
03:59 PM | 19 JUL 2024
-15.85 (-3.69%)

Bharat Electronics

306.30
03:45 PM | 19 JUL 2024
-7.2 (-2.3%)

Zee Entertainment Enterprises

137.55
03:57 PM | 19 JUL 2024
-4.9 (-3.44%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Tata Teleservices Maharashtra

102.11
03:59 PM | 19 JUL 2024
4.68 (4.8%)

Rail Vikas Nigam

614.00
03:59 PM | 19 JUL 2024
27.65 (4.72%)

Jubilant Pharmova

752.25
03:43 PM | 19 JUL 2024
25.3 (3.48%)

One 97 Communications

458.70
03:55 PM | 19 JUL 2024
13.65 (3.07%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    75,217.00292.00
    Chennai
    75,657.001,099.00
    Delhi
    74,485.00-659.00
    Kolkata
    74,485.00-73.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.75/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanBudget