IPO Watch 2022: Campus IPO made investors rich in a falling market, gave a great return of 34%

Yash Vashishtha May 9, 2022

1 minute read

IPO Watch 2022: There is a wave of happiness on the faces of the investors who have invested in the IPO of Campus Activewear Limited, a sports footwear company. In fact, the company’s IPO has had a good start in a falling market. The company’s stock gained over 23 per cent against the issue price of Rs 292. The company’s stock was listed at Rs 355 with a gain of 21.57 per cent on BSE. After this, till 12:45 pm, the stock is trading at Rs 393 with a great gain of 34%.

Strong start on NSE too

The share got listed on NSE at Rs 360, showing an increase of 23.28 per cent over the issue price. The IPO of Campus Activewear was subscribed 51.75 times last month. The company had kept the price range for the IPO at Rs 278 to 292 per share. Notably, the IPO of Campus Activewear was subscribed 51.75 times. As per data available on NSE, the company had received bids for 1,74,02,02,110 shares against an offer of 3,36,25,000 shares. The eligible institutional buyers (QIBs) segment was subscribed 152.04 times, non-institutional investors 22.25 times and retail investors 7.68 times. The company had made an offer for sale (OFS) of a total of 4,79,50,000 shares in its IPO.