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Campus Activewear Ltd IPO

Closed RHP

IPO Details

  • Open Date 26-Apr-22
  • Close Date 28-Apr-22
  • Lot Size 51
  • IPO Size ₹ 1400 Cr
  • IPO Price Range ₹ 278 - ₹ 292
  • Min Investment ₹ 14,178
  • Listing Exchange NSE, BSE
  • Basis of Allotment 04-May-22
  • Refunds 05-May-22
  • Credit to Demat Account 06-May-22
  • Listing Date 09-May-22

Campus Activewear Ltd IPO Subscription Status

  QIB NII Retail Employee TOTAL
Day 1 0.09x 1.32x 1.88x 0.68x 1.24x
Day 2 0.13x 5.67x 3.94x 1.42x 3.21x
Day 3 152.04x 22.25x 7.68x 2.11x 51.75x

IPO Synopsis

Campus Activewear has filed a DRHP with SEBI and the issue is entirely an offer for sale of equity shares of up to 5.1 crore equity shares. The equity shares are being offloaded by the promoters Hari Krishan Agarwal and Nikhil Agarwal and other shareholders like TPG Growth III SF Pte Ltd and QRG Enterprises
The book running lead managers are JM Financial Ltd, BofA Securities Ltd, CLSA India Pvt Ltd and Kotak Mahindra Capital Company Ltd. Current pre-IPO promoter holding stands at 78.21%. 

 

Check Allotment Status

Click to check Campus Activewear IPO Allotment status from 4th May, 2022.

 

Objectives of the offer
The main objective is to gain from the listing of the company on the stock exchanges.

About Campus Activewear Ltd

In terms of value and volume, Campus Activewear has been hailed as the largest sports and athleisure footwear brand in India, in FY21. The company had 15% market share in the athleisure footwear industry in India in FY20, in terms of value and this increased to 17% in FY21. They cover more than 85% of the total market for sports and athleisure in FY21. 
As of 30 September 2021, they have an in-house design team of 49 employees that are based out of India. They are very fast and efficient in launching their products and take between 120 to 180 days. In FY21, they launched 583 new designs. Their entire product portfolio consists of 1,274 active styles for men, 190 styles for women and 423 styles for women and children as on 30 September 2021. They sold 7.05 million pairs of shoes as on 30 September 2021.
Campus Activewear has over 400 distributors and an internal sales force of 153 employees. They are spread across 28 states and 652 cities all over the country. Campus has a strict quality control policy and there are 71 employees that perform quality inspection and testing procedures. They have 5 manufacturing facilities located in Uttarakhand, Himachal Pradesh etc. 
Campus sells footwear across different price ranges, starting from entry level (below Rs.1,049), semi premium (Rs.1,050-Rs.1,499) to premium (above Rs.1,500). 
 

 

Particulars

(In Rs cr)

Q2 ended 30 September, 2021

FY21

FY20

FY19

Revenue

408.3

711.3

732

594.9

PAT

30.86

26.87

61.6

38.41

EPS (In Rs)

1.02

0.88

2.05

1.28

 

Particulars

(In Rs cr)

Q2 ended 30 September, 2021

FY21

FY20

FY19

Total Assets

837.2

684.7

719.22

505.55

Total Borrowings

191.6

135.6

243.2

174.75

Equity Share Capital

151.87

151.87

151.87

0.97

 

Key Financial Metrics

Particulars

 

Q2 ended 30 September, 2021

FY21

FY20

FY19

EBITDA (In Rs cr)

71.9

119.8

138.32

101.8

EBITDA Margin (%)

17.61%

16.84%

18.90%

17.12%

PAT Margin (%)

7.37%

3.78%

8.52%

6.49%

ROE (%)

9.16%

8.99%

25.64%

21.32%

ROCE (%)

8.47%

18.54%

21.03%

21.88%

 

Peer Comparison (FY20)

Company

Revenue

(In Rs cr)

Gross Margin (%)

EBITDA Margin(%)

PAT Margin (%)

ROCE

(%)

Adidas

1198

47

21

13

21

Asian Footwear

103

33

8

3

22

Asics

162

38

4

1

5

Bata

3056

58

28

11

21

Campus

732

48

19

8

30

Decathlon

2208

34

6

-3

-1

Khadim

772

36

4

-4

-1

Lancer

99

35

10

3

20

Liberty Shoes

652

48

9

1

9

Metro Shoes

1285

56

27

12

20

Mizra International

1260

44

14

4

13

Nike

760

44

8

4

15

Puma

1412

45

3

-1

16

Reebok

429

44

17

16

25

Re laxo

2410

57

17

9

24

Under Armour

44

42

-19

-20

-18

Skechers

659

40

17

9

26


The Key Points are-

IPO Key Points

  • Strengths

    1.    Campus Activewear is one of the largest growing names in the sports and athleisure market in India, growing from a 15% market share in FY20 to a 17% market share in FY21
    2.    They have always been fashion forward and have a fashion forward approach which enables them to stay updated and innovate newer products as per the latest fashion
    3.    They have a robust supply chain and a very difficult to replicate integrated manufacturing capabilities
    4.    They have an omni-channel network and also a pan-India presence which is helping them move higher up the chain
    5.    They have a very strong brand recognition and a very successful marketing approach
     

  • Risks

    1.    Any failure to keep up with the constantly changing trends and to effectively promote and further develop the brand, will materially affect the business and its operations
    2.    The industry that the company operates in is highly competitive and any failure in effective competition will adversely affect the financials and operations
    3.    Pricing pressures arising from intense competition will adversely affect the ability to increase prices of the products and in turn decrease the gross margins of the company 
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

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