Campus Activewear's Rs 1,400-cr IPO opens on April 26

Mumbai: The ₹1,400 crore initial public offering of Campus Activewear will open for subscription on Tuesday. The company will sell 48 million shares at a price band of ₹278-292 per share in the issue.

Campus Activewear will be the first IPO to be launched after market regulator Sebi amended its ICDR (Issue of Capital and Disclosure Requirements) regulations on allotment under the non-institutional investor category and changed the lock-in period for anchor investors.

The tighter rules require anchor investors in IPO to hold 50% of the shares they received in the issue for 90 days. The rest can be held for 30 days. The new RBI guidelines also cap non-banking finance companies' lending to IPOs at ₹1 crore per investor.


The three-day offer will conclude on April 28. Bids can be made for a minimum of 51 shares and their multiples thereof. Currently, promoters hold a 78.21% stake in the company, while TPG Growth and QRG Enterprises own 17.19% and 3.86%, respectively.

BofA Securities, JM Financial, CLSA India, and Kotak Mahindra Capital are the bankers to the issue.