Campus Activewear IPO subscribed 1.24x on Day-1 on retail interest

The retail portion was subscribed 1.9 times, HNI 1.32 times and institutional investor portion was subscribed 9%

Campus Activewear’s initial public offering (IPO) was subscribed 1.24 times on Tuesday, the first day of the issue. The retail portion of the issue was subscribed 1.9 times, high networth individual (HNI) portion was subscribed 1.32 times and institutional investor portion was subscribed 9 per cent.

A day earlier, the company had allotted shares worth Rs 418.3 crore to 32 anchor investors at Rs 292 per share, the upper end of the price band. Abu Dhabi Investment Authority, Fidelity, Nomura, Invesco and Goldman Sachs were some of the investors that got allotment in the anchor category. Among domestic funds HDFC MF,