Campus Activewear IPO: Footwear maker Campus Activewear has fixed the price band for its IPO. Campus Activeware has fixed the issue price at Rs 278-292 per share for the share having face value of Rs 5. Campus Activeware’s IPO will launch on the coming 26th April 2022 and the IPO will be open for investor subscription till 28th April. It will open on January 25 for the bidding of anchor investors.
Company to raise Rs 1400 crore from IPO
The company plans to raise Rs 1400 crore through IPO. The issue is purely an offer for sale (OFS) and includes an offer for sale of 4.79 crore shares through existing shareholders and promoters.
The allotment of the IPO is expected on May 4 and the IPO of the company is likely to be listed on the stock exchange on May 9, 2022.
Know lot size and more
The lot size under the issue of Campus Activeware is 51 shares and investors are required to buy at least one lot size. Accordingly, investors will have to invest at least Rs 14,892 (292 x 51 = 14,892).
Know how much share for different investors
In this IPO, 50 percent is reserved for qualified institutional investors and 15 percent is reserved for non-institutional investors. The remaining 35 percent is reserved for retail investors.