Campus Activewear to launch Rs 2,000 crore IPO next year

Sports and footwear brand Campus Activewear plans to launch a new IPO worth Rs 2,000 crore ($269 million) next year on a valuation of Rs 10,000 crore.

The Campus management is currently negotiating with investors for the IPO. It has received support from private equity fund TPG Growth and the Havells Group’s QRG Enterprises.

The company expects promoters and existing investors to dilute a part of their holdings in the issue.

Launched in 1997, the Delhi-based company has 20 manufacturing facilities, at various locations. It has a retail network of over 20,000 outlets and a strong online presence with availability on its website and leading e-commerce platforms in India.

In recent years, the flagship brand Campus, has emerged as the largest domestic sports and casual footwear brand in India. The company’s products are available via an expansive pan-India network of over 15,000 multi-brand retail stores, company-owned exclusive outlets and e-commerce portals.