Public Market

IPO

Campus Activewear raises Rs.418-Cr from 32 anchor investors

MoneyControl  

Sports and athleisure footwear brand Campus Activewear has raised INR 418.3 crore from 32 anchor investors, ahead of its public issue. The company has finalised the allocation of 1.43 crore equity shares to anchor investors at INR 292 per equity share, the higher end of the price band. Investors who participated in the anchor book include Abu Dhabi Investment Authority, Fidelity Funds, Nomura, Eastspring Investments, HSBC Global Investment Funds, Ashoka India Equity Investment Trust, IMCO Emerging Markets, Invesco, GMO Emerging Domestic Opportunities Fund, CLSA, NVIT Emerging Markets, Affin Hwang, Societe Generale, and Goldman Sachs. Domestic investors including HDFC Trustee, ICICI Prudential, HDFC Life Insurance Company, Nippon Life, Aditya Birla Sun Life, Franklin India, Motilal Oswal MF, and DSP MF also invested in the company via anchor book. Campus Activewear plans to raise INR 1,398.68 crore via a public issue of 4.79 crore equity shares. The IPO constitutes entirely of an offer for sale by promoters - Hari Krishan Agarwal and Nikhil Aggarwal - and PE investors (TPG Growth III SF Pte Ltd, and QRG Enterprises). The price band for the offer has been fixed at INR 278-292 per share.