Campus Activewear IPO
Campus Activewear Limited (CAMPUS) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 09 May 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +37.6% (likely range +20% to +64%), day's high +49.0%, chance of a gain 97%. Actual: +23.3% at the open, +43.1% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 95,50,000 | 1,45,20,09,525 | 152x | |
| NII (HNI) total | 71,62,500 | 15,93,89,790 | 22.3x | |
| Retail | 1,67,12,500 | 12,83,81,331 | 7.68x | |
| Employees | 2,00,000 | 4,21,464 | 2.11x | |
| Total | 3,36,25,000 | 1,74,02,02,110 | 51.8x |
Bids on NSE and BSE together, as published by NSE, as of 28 Apr 2022, 05:00 PM. Shares offered exclude the anchor portion. 6% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Campus Activewear's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Home First Finance Company IndiaJan 2021 | 52.5x | 39.0x | 6.59x | 26.7x | ₹1,156 Cr | +19.5% | +23.6% |
| MedPlus Health ServicesDec 2021 | 112x | 85.3x | 5.23x | 52.6x | ₹1,428 Cr | +30.6% | +43.7% |
| Dodla DairyJun 2021 | 84.9x | 73.3x | 11.3x | 45.6x | ₹520 Cr | +28.5% | +52.3% |
| ZomatoJul 2021 | 51.8x | 33.0x | 7.45x | 38.3x | ₹9,899 Cr | +52.6% | +82.8% |
| RailTel Corporation of IndiaFeb 2021 | 65.1x | 73.3x | 16.8x | 42.4x | ₹820 Cr | +16.0% | +36.0% |
| India PesticidesJun 2021 | 42.9x | 51.9x | 11.3x | 29.0x | ₹817 Cr | +18.2% | +24.3% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| JM Financial | 109 | +22.8% | 75% |
| BofA Securities India | 18 | +30.6% | 72% |
| CLSA India | 10 | +23.5% | 70% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Campus Activewear IPO price band and lot size? ₹278–292 per share, with a lot of 51 shares, so the smallest retail bid is ₹14,892.
How many times has it been subscribed? 51.8x overall: QIB 152x, NII 22.3x, retail 7.68x, employees 2.11x.
How did it list? It opened at ₹360, +23.3% against the issue price of ₹292, and closed its first day +29.8%.
