The major shoe files at Sebi. Details here
Footwear company Campus Activewear has filed preliminary documents with market regulator Sebi (Securities and Exchange Board of India) to raise funds through an initial public offering (IPO).
The IPO is entirely an offer to sell (OFS) of 5.1 crore of shares by existing promoters and shareholders.
The draft red herring prospectus (DRHP) submitted by the sports and leisure footwear company says the shares offering shares are promoters Hari Krishna Agarwal and Nikhil Aggarwal, and investors TPG Growth III SF Pte Ltd and QRG Enterprises Ltd.
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Currently, the promoters hold 78.21% of the capital of Campus, while TPG Growth and QRG Enterprises respectively hold 17.19% and 3.86% of the capital.
Incorporated in 2006, Campus Activewear is one of the leading players in the sports and organized leisure footwear industry in India.
The company’s flagship brand, “Campus”, is one of the largest national sports and leisure footwear brands in India. The company has a network of more than 15,000 multi-brand retail stores, exclusive company-owned outlets and e-commerce portals.
The brand has around 17 percent of the market share in the branded sports and leisure footwear industry and offers a wide variety of lightweight casual shoes aimed at millennials.
BofA Securities India Limited, JM Financial, CLSA India and Kotak Mahindra Capital Company are the investment bank advising the company.
With PTI inputs
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