Initial public offering (IPO) of Campus Activewear IPO made a strong debut on exchanges, NSE and BSE, on Monday. Shares of Campus Activewear were listed at over 21% premium on the BSE. Against upper end of the issue price band of Rs 292, the shares were listed at Rs 355 a piece, up Rs 63 or higher by 21.58%on the BSE on Monday.  

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Earlier, the issue witnessed a massive subscription on the last day of the public offer on April 28 as the issue was booked 51.75 times led by institutional investors. As per NSE data, Campus Activewear IPO received bids for 1,74,02,02,110 shares against the total issue size of over 3,36,25,000 shares.  

Of the total subscriptions, Qualified Institutional Buyers (QIBs) portion was filled 152.04 times, non-institutional investors category received 22.25 times bids and retail Individual Investors (RIIs) subscribed to the issue 7.68 times. 

The company has fixed a price band of Rs 278-292 a share for Rs 1,400-crore IPO. Investors were allowed to bid for a minimum of 51 shares and in multiples thereof.    

Half of the issue size was reserved for qualified institutional buyers (QIBs), 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Further, two lakh shares have been reserved for the company's employees.   

Ahead of the subscription, Athleisure footwear company Campus Activewear on Monday said it has garnered a little over Rs 418 crore from 32 anchor investors ahead of its initial share-sale.

Earlier, Zee Business Managing Editor Anil Singhvi has recommended to apply for reasonable listing gains and with long-term view