The Campus Shoes IPO could hit the stock market in May. Details here

Upcoming IPO in India: The Campus Shoes IPO (initial public offering) could hit primary markets next month. According to market sources, the sports and athletic shoe company plans to go public in May 2022. Campus Shoes had filed the DRHP (Draft Red Herring Prospectus) last year. In its DRHP, the shoe company had offered an offer for sale (OFS) of 5.10 crore equity shares by the promoters and existing shareholders through this public offering.

Campus Shoes promoters offering shares in this SFO include Hari Krishna Agarwal and Nikhil Aggarwal. Shares offered in OFS include investors such as TPG Growth III SF Pte Ltd and QRG Enterprises Ltda.

Currently, Campus Shoes promoters hold a 78.21% stake in the company, TPG Growth and QRG Enterprises hold 17.19% and 3.86% respectively. The remaining 0.74% stake is held by individual shareholders and current employees of the company.

The Delhi-based sports and leisure footwear company plans to expand its distribution network and deepen its footprints in western and southern India. Additionally, Campus Shoes, which is backed by investment fund TPG Growth and QRG Enterprises, also plans to expand its offering in the high-margin women’s and children’s portfolio.

Disclose the distribution network expansion plan; Raman Chawla, CFO of Campus Activewear, said, “Campus will continue to develop the D2C channel to drive premiumization and growth in other consumer segments like women’s and children’s. We expect these initiatives to significantly increase coverage. of our network across India”. plans to hire additional hands to complete the expansion of its sales network, Chawla informed.

Speaking of e-commerce, he said 20% of his business now comes from new era digital sales channels. “He went from 20 crore to 400 crores in the last three years,” Chawla added.

As part of its strategy, the company is focusing on the domestic market and believes it has enough room to grow. Citing a Technopak report, Chawla said the sports and leisure footwear market is around 9,000 crore, which moves to marquee players.

Campus Activewear claims a 17% market share in the branded sports and leisure footwear industry in India by FY21 value.

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