MUMBAI, APRIL, 2022 : Campus Activewear IPO (Initial Public Offering) is going to open on 26th April 2022 and will be open to the subscribers till 28th April 2022. However, the gray market has already started to signal with respect to the public issue price. 1400.14 crores. According to market observers, Campus Activewear is being bid at a premium to its share price 60 In Gray Market Today They Said Campus Activewear IPO Grown From GMP 53 and this indicates that the gray market is expecting a strong response from the public issue.
Market experts revealed Campus IPO GMP (grey market premium) today is 60, which is 7 more than yesterday’s gray market premium 53. Observers further said that the gray market premium of Campus Activewear IPO has been increasing by around 18 to 20 per cent for the last three days indicating a strong response to the opening of the IPO. He added that despite weakness in the secondary markets, the gray market sentiment with respect to Campus Activewear IPO has remained more or less the same, reflecting a higher spike in Campus Activewear IPO GMP when there is a trend reversal in the stock market.
What does this GMP mean?
Campus Activewear IPO is GMP Today, According to Market Observers 60, which means the gray market is expecting this IPO to list around 352 ( 292 + 60), about 20 percent higher than its upper price band 292 per equity share. “It’s a good sign that campus activewear IP is at such a high level before the gray market premium subscription opens,” he said. This may be reflected in the strong membership of the IPO when it opens on April 26.
However, stock market experts advised investors to rely on the company’s balance sheet rather than gray market sentiment. He said the gray market premium of a public offering is an informal data indicating the expected premium from an IPO on a particular date. It keeps on changing and has nothing to do with the balance sheet of the company. It is the balance sheet of the company. It is the balance sheet of the company which gives a solid idea about the fundamentals of the company.
Speaking on the real fundamentals of Campus Activewear Ltd.; Saurabh Joshi, Research Analyst, Marwari Financial Services, said, “Looking at the EPS of TTM (December 21), 3.12 On a post-issue basis, the company is going to be listed at a P/E of 93.72x with a market cap of Rs 98,863 Million, while its counterparts Relaxo Footwear and Bata India Ltd are trading at a PE of 103x and 357x. We assign a “Subscribe” rating to this IPO as the company is the largest sports and athleisure footwear brand in India by value with a market share of 17%. Also, it is available at a fair valuation as compared to its peers.”
