Besides TPG, the family office of the promoters of Havells Group — QRG Enterprises Limited - also holds a minority stake in Campus. Together, both have about a quarter of the total shares in Campus, acquired in 2017 at a valuation of Rs 6,000 crore.
Khadim India, the Kolkata-based footwear maker backed by Fairwinds private equity (formerly Reliance PE), was listed in 2017 and raised Rs 543 crore.
Mumbai: Campus Activewear, a home-grown sports shoe brand, plans to raise up to Rs 2,000 crore through a public offer that should hit the market early next year, valuing the company around Rs 10,000 crore.
The top management of Campus, backed by private equity fund TPG Growth, is meeting investment bankers this week to discuss the process. Bankers might be hired in a month, said people aware of the development.
Promoters and some existing investors will dilute a part of their holdings in the issue.
Besides TPG, the family office of the promoters of Havells Group — QRG Enterprises Limited - also holds a minority stake in Campus. Together, both have about a quarter of the total shares in Campus, acquired in 2017 at a valuation of Rs 6,000 crore.
“We are considering listing the company in the medium to long term and it's too early to comment on any specifics on valuation, size and structure,” said Nikhil Agarwal, CEO, Campus Activewear. Spokespersons with TPG and QRG declined to comment. The footwear market in India is worth Rs 60,000 crore, of which sports and leisure shoes are about Rs 10,000 crore. Campus holds about 15-20% market share in India, while Reebok is the leader with 45% market share.
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In 1983, HK Agarwal founded the ‘Action’ brand, a household name in the casual and sports footwear segment in India. In 1997, the Campus brand was launched.
Major footwear brands in India are Bata, Relaxo Footwears, Liberty Shoes, Khadim, Nike, Adidas AG and Puma.
Khadim India, the Kolkata-based footwear maker backed by Fairwinds private equity (formerly Reliance PE), was listed in 2017 and raised Rs 543 crore.
