On Monday, Campus Activewear debuted as shares got listed at Rs 355, 22 per cent higher than the issue price of Rs 292 per share on the Bombay Stock Exchange (BSE).
In the morning trade, it was down 4 per cent from its listing level and traded at Rs 340.65. The stock has hit a high of Rs 364.80 and a low of Rs 339.90 in intra-day trade so far.
Almost 666,000 equity shares changed hands on the counter. In comparison, the S&P BSE Sensex was down 1.1 per cent at 54,231 points.
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Campus Activewear’s initial public offering (IPO) garnered a strong response as the issue was subscribed 51.75 times. The institutional investor portion of the IPO was subscribed 152 times, the wealthy investor portion was subscribed 22.25 times, and the retail investors’ portion was subscribed 7.7 times.
Campus Activewear of Rs 1,400 crore IPO was entirely a secondary share sale by existing shareholders, including private equity firm TPG.
