Campus Activewear IPO Basis of Allotment

Our Company was incorporated as Action Renewable Energy Private Limited pursuant to a certificate of incorporation dated September 24, 2008, issued by the Registrar of Companies, Delhi and Haryana at New Delhi ("RoC"). Thereafter, pursuant to a resolution passed by our Shareholders in the extraordinary general meeting held on November 27, 2015, the name of our Company was changed to Campus Activewear Private Limited, and consequently, a fresh certificate of incorporation dated December 2, 2015, was issued by the RoC to our Company. Our Company was converted from a private limited company to a public limited company, pursuant to a resolution passed by our Shareholders in the extraordinary general meeting held on November 27, 2021, and consequently the name of our Company was changed to Campus Activewear Limited, and a fresh certificate of incorporation dated November 22, 2021 was issued to our Company by the RoC. For further details on the changes in the name and registered office of our Company, see "History and Certain Corporate Matters"onpage215of the Prospectus dated April 29, 2022 ("Prospectus").

Our Company has filed the Prospectus dated April 29, 2022 with the ROC (the "Prospectus") and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and the trading will commence on may 09, 2022

INITIAL PUBLIC OFFERING OF 47,950,000 EQUITY SHARES OF FACE VALUE OF RS 5 EACH ("EQUITY SHARES") OFF CAMPUS ACTIVEWEAR LIMITED ("OUR COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 292 PER EQUITY SHARE (INCLUDING A PREMIUM OF RS. 287 PER EQUITY SHARE) ("OFFER PRICE") AGGREGATING TO RS 13,996.00* MILLION (THE "OFFER") THROUGH AN OFFER FOR SALE COMPRISING TO 8,000,000* EQUITY SHARES AGGREGATING TO RS 2,335.10* MILLION BY HARI KRISHAN AGARWAL, 4,500,000* EQUITY SHARES AGGREGATING TO RS 1,313.49* MILLION BY NIKHIL AGGARWAL (COLLECTIVELY, THE "PROMOTER SELLING SHAREHOLDERS"), 29,100,000* EQUITY SHARES AGGREGATING TO RS 8,493.92* MILLION BY TPG GROWTH IISF PTE. LTD, 6,050,000* EQUITY SHARES AGGREGATING TO RS 1,765.92* MILLION BY QRG ENTERPRISES LIMITED (COLLECTIVELY, THE "INVESTORSELLING SHAREHOLDERS"), 100,000* EQUITY SHARES AGGREGATING TO RS 29.19* MILLION BY RAJIV GOEL AND 200,000* EQUITY SHARES AGGREGATING TO RS 58.38* MILLION BY RAJESH KUMAR GUPTA (COLLECTIVELY THE "OTHER SELLING SHAREHOLDERS".AND TOGETHER WITH THE PROMOTER SELLING SHAREHOLDERS AND THE INVESTOR SELLING SHAREHOLDERS, THE "SELLING SHAREHOLDERS") (THE "OFFER FOR SALE"). THE OFFER INCLUDED A RESERVATION OF 200,000* EQUITY SHARES AGGREGATING TO RS 53.00* MILLION (CONSTITUTING 0.07% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY) FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER CONSTITUTED 15.76% AND 15.69%, RESPECTIVELY, OF THE POST-OFFER RUD-U P EQUITY SHARE CAPITAL OF OUR COMPANY. OUR COMPANY AND TPG GROWTH II SF PTE. LTD. IN CONSULTATION WITH THE BRLMS, OFFERED A DISCOUNT OF RS 27 PER EQUITY SHARE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION ("EMPLOYEE DISCOUNT").

*PRIOR TO FINAIIRATIOU OF THF BASIS OFALLOTMENT

Note: This includes equity shares issued / transferred without consideration or for nil consideration.

This Offer was made in terms of Rule 19 (2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"). This Offer was made through the Book Building Process in accordance with Regulator 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer was available for allocation on a proportionate bass to Qualified Institutional Buyers ("QIBs" and such portion, the "QB Portion"). Our Company and TPG Growth III SF Pte. LTD in consultation with Book Running Lead Manager allocated 60% of the QIBs Portion to Anchor Investor on a discretionary basis ("Anchor Investor Portion"). One-third of the Anchor Investor Portion was reserved to domestic Mutual Funds only, subject to valid Bids being received from the domestic Mutual Funds at only Dove the price at which allocation is made to Anchor Investors ("Anchor Investor Allocation Price") in accordance with the SEBI ICDR Regulations Further 5% of the Net QIB Portion was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was available for allocation on a proportion ate bass to al QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer was available for allocation to Non-Institutional Bidders and not less than 35% of the Net Offer was available to allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price. The Equity Shares available for allocation to Non-Institutional Bidders under the Non-Institutional Portion, were subject to the following: (i) one-third of the portion available to Non-Institutional Bidders were reserved for applicants with an application size of more than Rs. 0.20 million and up to Rs. 1.00 million, and (i) two-third of the portion available to Non-Institutional Bidders were reserved for applicants with application size of more than Rs. 1.00 million, provided that the unsuspended portion in either of the aforementioned sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders. All Bidders, other than Anchor Investor, were mandatory required to participate in the Offer through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account (inducing UPI ID in case of Retail Individual Bidders), in which the corresponding Bid Amounts will be blocked by the SCSBs or the Sponsor Banks under the UPI Mechanism, as applicable, to participate in the Offer. Anchor Investor were not permitted to participate in the Anchor Investor Port on through the ASBA Process. Further, 200,000 Equity Shares, aggregating to Rs. 53.00 million was made available for allocation on a proportionate bass to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. For details, see "Offer Procedure" on page 395 of the Prospects.

The bidding for Anchor investor opened and dosed on April 25, 2022. The Company received 32 applications from 25 Anchor Investor for 15,122,826 Equity Shares. The Anchor Investor Offer Price was finalized at Rs. 292 per Equity Share. A total of 14,325,000 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 4,182,900,000.

The Offer received 1,860,731 applications to 1,731,118,551 Equity Shares (including applications from Anchor Investors and prior to technical rejections) resulting in 36.1026 times subscription. The details of fie applications received in fie Offer from various categories are as under (before technical rejections):

Final Demand

A summary of the final demand as at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the NSE on May 04, 2022.

Includes 21,984 Equity Shares spilled over from Employee Category:

The under subscribed portion in the Employee Category (without considering discount) has been spilled over to QIBs, Non-institutional Investors and Retail Individual Investors in the ratio of 50:15:35 i.e. 31,404 Equity Shares for QIBs, 9,422 Equity Shares for Non Institutional Investors and 21,984 Equity Shares for Retail Individual Investors.

Includes 31,404 Equity Shares spilled over from Employee Category.

The IPO Committee of our Company on May 05, 2022 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE. The Board of Directors of our Company on May 05, 2022 has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-intimations and/or notices will be emailed or dispatched to the email id or address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on May 04, 2022 and payment to non-Syndicate brokers have been issued on May 05, 2022. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on May 05, 2022 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE and BSE on May 05, 2022. The Company has received listing and trading approval from NSE and BSE and the trading will commence on May 09, 2022.

Note: All capitalized terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue, Link In time India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

	Link Intime India Private Limited
	C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
	Telephone: +91 22 4918 6200; E-mail: campus.ipo@linkintime.co.in
	Investor grievance e-mail: campus.ipo@linkintime.co.in; Website: www.linkintime.co.in
	Contact person: Shanti Gopalkrishnan
	SEBI registration number: INR000004058

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES Of LISTING OR THE BUSINESS PROSPECTS OF CAMPUS ACTIVEWEAR LIMITED.

Campus Activewear Limited has filed the Prospectus with RoC on April 29, 2022 and thereafter with SEBI and the Stock Exchanges. The Prospectus: is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively and is available on the websites of the BRLMs, i.e. JM Financial Limited, BofA Securities India Limited, CLSA India Private Limited and Kotak Mahindra Capital Company Limited at www.jmfl.com, www.ml-india.com, www.india.clsa.com and www.investmentbank.kotak.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the sector entitled "Risk Factors" on page 32 of the Prospectus.

The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and accordingly, the Equity Shares are being offered and sold (i) within the United States solely to persons who are reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act) in transactions exempt from the registration requirements of the U.S. Securities Act, and (ii) outside the United States in "offshore transactions" as defined in and in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.