Campus Activewear’s initial public offering (IPO) was subscribed 3.2 times on Wednesday, the second day of the issue. The wealthy investor portion was subscribed 5.6 times, the retail portion by 3.9 times, and the portion reserved for employees by 1.4 times. The institutional portion was subscribed 13 per cent.
On Monday, the company allotted shares worth Rs 418.3 crore to 32 anchor investors at ~292 per share, the upper end of the price band. Abu Dhabi Investment Authority, Fidelity, Nomura, Invesco and Goldman Sachs were some investors who got allotment in the anchor category. Among domestic funds, HDFC MF, ICICI Prudential MF and Franklin India MF got an allotment.
The Rs 1,400-crore IPO is entirely a secondary share sale by existing shareholders, including private equity firm TPG. At the top-end of the price band, Campus Activewear will have a market cap of Rs 8,886 crore.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU