Campus Activewear IPO allotment to start tomorrow; grey market premium falls to ₹95
May 3, 2022, 06:00 IST
- Campus Activewear has received a huge demand from investors as the IPO was subscribed 51.75 times in 3 days.
- The grey market premium has fallen in the last couple of days to ₹95 per share from ₹105 earlier.
- The allotment of the IPO is scheduled on May 4.
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Footwear brand Campus Activewear has received strong demand from investors in its initial public offering (IPO) as the issue has been oversubscribed by 51.75 times.If you have subscribed to the IPO, remember the allotment of the IPO is scheduled for tomorrow, May 4.
However, the grey market premium of the company's shares have fallen a little to ₹95 from ₹105 earlier. The IPO is in the price range of ₹278-₹292 per share.
| Investors | Subscription |
| Qualified institutional investors | 152.04 times |
| Non-institutional investors | 22.25 times |
| Retail | 7.68 times |
| Overall | 51.75 times |
Analysts suggest investing with a long term view in the IPO considering good future prospects.
While recommending this issue for long-term investors only, Santosh Meena, head of research at Swastika Investmart said that, “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.”
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Campus has about 17% market share in branded sports and athleisure footwear in India and is one of the largest players in terms of volume (13.6 million pairs).
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