The Initial Public Offerings(IPO) for the week are –
Campus Activewear Limited-
Campus Activewear is the largest sports and athleisure footwear brand in India both in terms of value and volume in fiscal 2021. The ‘Campus’ brand was introduced in the year 2005 and is a lifestyle-oriented sport and athleisure Footwear Company that has a diverse product portfolio for the entire family. It has a 15% market share in the branded sports and athleisure footwear industry in India and is one of the few established brands in a segment that is primarily dominated by international brands.
Campus has an in-house design team in India and also has a design consultancy arrangement with China. The design team tracks global fashion trends and makes products in line with the latest trends in the international market making customizations for the Indian consumers. The company has an in-house team that comprises 49 designers. It is able to launch a product within 120-180 days from the date of conceptualization.
The promoters of the company are Mr. Hari Krishan Agarwal and Mr. Nikhil Agarwal. The objectives of the offer are to achieve the benefits of listing the equity shares on the stock exchanges that would enhance the brand name of the company.
The company had revenues of Rs 596.6 crore with a net profit of 38.4 crores (Year ended March 31, 2019), revenues of Rs. 734.1 crore with a profit of Rs. 61.5 crore (Year ended March 31, 2020) and revenue of Rs. 715 crore with a net profit of Rs. 26.8 crore (Year ended March 31, 2021).
Rainbow Childrens Medicare Limited-
Rainbow Childrens Medicare limited established its first pediatric specialty hospital in 1999 in Hyderabad and is now a leading multi-specialty pediatric and obstetrics and gynecology hospital chain in India, having 14 hospitals and three clinics in six cities with a total capacity of 1500 beds. It has the highest number of hospital beds as compared with players in the maternity and pediatric healthcare delivery sector. Its specialty is pediatrics which includes newborn and pediatric intensive care, pediatric multi-specialty services, pediatric quaternary care, and obstetrics and gynecology including normal and complex obstetric care, multi-disciplinary fetal care, perinatal genetic and fertility care. Five of the hospitals are accredited by NABH and three are certified by EDGE.
The company tries to retain high-caliber medical professionals that have been instrumental in its success in the business. It follows a doctor engagement model where most of the core specialists work exclusively at the hospital on a full-time basis. Most of the core specialists are available 24/7 on a roster basis at the hospitals and this is important for children’s emergency, neonatal, and pediatric intensive care services. A number of doctors in neonatal, pediatric care, pediatric subspecialties, obstetrics, and gynecology are trained or possess qualifications from the United States, United Kingdom, Canada, and Australia and this provides a competitive edge.
The promoters are Dr. Ramesh Kancharla, Dr. Dinesh Kumar Kancharla, and Dr. Adarsh Kancharla. The net proceeds of the issue would be utilized for funding the early redemption of NCDs, capital expenditure towards setting up new hospitals, and purchase of medical equipment for new hospitals and general corporate purposes.
The company had revenues of Rs 551.1 crore with a net profit of 44.5 crores (Year ended March 31, 2019), revenues of Rs. 729.7 crore with a profit of Rs. 55.7 crore (Year ended March 31, 2020) and revenue of Rs. 660.3 crore with a net profit of Rs. 40 crore (Year ended March 31, 2021).
Nanavati Ventures Limited-
Nanavati Ventures Limited is engaged in the trading of diamonds mainly in Surat. It sources polished and uncut diamonds from primary and secondary source suppliers in the domestic market and sells them to retail and wholesale operations in Gujarat. The processing and polishing of rough gemstones are done by skilled workers on a job-work basis. The company sells diamonds to a customer base that is spread across domestic markets including jewelry manufacturers, large department store chains, retail stores, and wholesalers.
The promoters of the company are Mr. Shreykumar Hasmukhbhai Sheth, Mrs. Kashmira Hemantkumar Nanavati, and Ms. Vaishnavi Hemantkumar Nanavati. The objects of the issue are to meet the working capital requirements of the company and general corporate purposes.
The company had revenues of Rs 1.07 crore with a net profit of 0.02 lakh (Year ended March 31, 2018), revenues of Rs. 55.4 lakhs with a profit of Rs. 0.03 lakh (Year ended March 31, 2019) and revenue of Rs. 5.95 crore with a net profit of Rs. 5.61 lakh (Year ended March 31, 2020).