Private Equity Company TPG-backed Sports and Athleisure Brand Campus ActiveWewar has submitted a Red Herring Prospectus (DRHP) draft with a capital market regulator to raise funds through initial public offering.

Public issues 5.1 Equity shares Crore is entirely an offer for sale by promoters and investors.

The promoter of Krisan Agarwal Day, and Nikhil Aggarwal cumulatively will sell 1.4 shares of crore equity through offers for sale. TPG GROWTH III INVESTOR SF Pte Ltd will collect 3 crore equity shares and QRG 67 lakh stock companies. Among other things Rajiv Goel, and Rajesh Kumar Gupta will sell 3 lakh shares via OFS.

Therefore, the money that is raised will go to sell shareholders, and the company will not receive funds from the offer.

Promoters accommodate 78.21 percent of share ownership in the company, and the remaining 21.79 percent of the shares are held by TPG Growth III SF Pte Ltd (17.19 percent), and QRG companies (3.86 percent).

The ActiveWewar campus is claimed to be the largest sports and athleisure brand in India in terms of value and volume in FY21. The ‘campus’ brand was launched in 2005.

The company has around 15 percent of market share in the sports shoe and athleisure industries in India based on the value of FY20, which increased to around 17 percent in FY21, according to DRHP archiving.

Indian footwear retail market is expected to grow at 21.6 percent CAGR during FY21-FY25.

JM Financial, Bofa Securities India, CLSA India, and Box Mahindra Capital Company is a book that runs the main manager for this problem.