This footwear maker will bring its IPO next month, the company plans to increase its network
Campus Activewear is planning to get listed on the stock exchange next month.
Sports and other footwear maker Campus Activewear is planning to list on the stock exchange next month. The company plans to strengthen its position by expanding its network in the western and southern states of the country.
Sports and other footwear maker Campus Activewear stock market next month ,Share Market, listed in (Share Market Listing) is planning to be. The company plans to network in the western and southern states of the country as well. (Network) To strengthen its position. Raman Chawla, Chief Financial Officer (CFO) of Campus Activewear, announced the expansion of the company. (Expansion) Referring to the plans, the company also plans to launch new products in the high-margin women’s and children’s category. For its expansion, the company will strengthen its network of exclusive outlets as well as focus on increasing online sales.
He said that the campus will continue to adopt the method of reaching out to the customers directly. There will be special emphasis on bringing new products for women and children.
Chawla said the company also plans to recruit new employees to expand its sales network. The campus currently has around 100 exclusive shops across the country. Of these, 65 stores are owned by the company and the rest are based on the franchise model. Based on the sales figures for the financial year 2020-21, the campus claims a market share of around 17 per cent in the branded sports footwear industry.
Offer for sale of 5.1 crore shares
Meanwhile, a market source said that the campus also intends to get listed on the stock exchange in May. The company had filed an application for initial public offering (IPO) with the Securities and Exchange Board of India (SEBI) only last year. According to the document, the campus will bring an offer for sale (OFS) of 5.1 crore shares under the IPO. Besides its existing promoters Harikrishna Agarwal and Nikhil Agarwal, investors such as TPG Growth-3 SF Private Limited and QRG Enterprises will also sell their holdings.
At present, its promoters hold 78.21 per cent stake in the campus. Whereas, TPG Growth and QRG hold 17.19 per cent and 3.86 per cent respectively. The remaining 0.74 per cent is held by individual shareholders and employees.
Apart from this, let us tell you that Cannes Technology, a company in the electronics systems and design manufacturing services sector, has filed documents with market regulator SEBI to raise finance through Initial Public Offering (IPO).
(with language input)
