Campus Activewear Limited IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

Campus Activewear Limited IPO Company Profile :

Campus Activewear Limited runs famous ‘CAMPUS’ Brand in India from 2005, Campus is a lifestyle-oriented sports and athleisure footwear company that offers a full variety of  diverse product portfolio for the entire age group . Campus offers multiple choices across colour palettes, styles, price points and an attractive product value proposition, their product are centric to Middle class Indians as their product are offered at lower price point and offer value for money product. Campus has five manufacturing facilities with total annual capacity of 44.40 million pairs as on 31^st Dec 2021.Through this OFS Promoter and PE Fund TPF is reducing their stake.

IPO-Note	Campus Activewear Limited
₹ 278 – ₹ 292  per Equity share	Recommendation: Subscribe

 

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Campus Activewear Limited IPO Details-

 

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Campus Activewear Limited IPO Strengths:

• They are Market Leader with 15% market share in branded sports and athleisure footwear industry in term of value.
• Campus offers a whole range of products which are targeted to Middle class population of India
• They caters in Never out of Stock product which has demand across season and their model are always available in stock.
• Their product portfolio is extensive with 241 active styles for women, 1,433 active styles for men, and 485 active styles for children as on December 31, 2021.
• Their fabricator and sole supplier network is difficult to replicate as it is a very labor intensive sector.
• Campus has strong EBITDA Margin of 19.63% in first 9 month of FY22 and ROE of 23.72%

 

Campus Activewear Limited IPO Financial Performance:

Campus Activewear Limited IPO Shareholding Pattern:

Shareholding Pattern	Pre- Issue	Post Issue
Promoters & Promoter Group	78.21%	74.10%
Public	21.79%	25.90%

Campus Activewear Limited IPO Key Highlights:

• Revenue from operations saw a growth at a CAGR of 9.47% from FY19-21 and profit degrowth at a CAGR of 17%, profit was impacted due to Covid

• EBITDA Margin improved from 12.45% in 9MFY21 to 19.63% in 9MFY22

• As of 31^st December 2021, Company had total outstanding borrowings of ₹ 174.1 crore.

• In FY21 company reported cash flow of ₹ 124.3 crore.

• Company reported ROE of 23.72% and ROCE of 21.3 in 9MFY22

• In first 9 month of FY22 revenue came in at 841.84cr and profit improved to ₹ 84.80 cr.

Campus Activewear Limited IPO Risk Factors:

• Company has to compete with many international brand, which have Strong balance sheet and brand value.

• Since this IPO is a OFS so the proceeds are not coming into the company, so growth capital is not coming to the company.

Campus Activewear Limited IPO Outlook:

Campus Activewear Limited has a pan-India trade distribution network, with over 400 distributors in 28 states and 625 cities. The company also has 18,200 retailers across India. Campus is a market leader in branded athleisure footwear market in India they have expanded their capacity from 25.5 Million to 44.4 Million pair footware. Considering the long term growth prospect, as India’s Middleclass population is rising this segment is expected to do well. Campus has strong promoter backing and strong financial performance with good margin and decent ratios. At the higher end of the IPO band stock trade 72x FY22E which is inline with its peers. We recommend SUBSCRIBE to the IPO.

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