Studds Accessories Limited, one of India’s leading helmet manufacturers, is now open for investors to subscribe for its initial public offering (IPO).
IPO details:
The IPO started inviting subscriptions on October 30 and closes on November 3. Investors whose bids are accepted will be informed about the allotment of shares on November 4, and the listing of shares is expected to happen on November 7.
📌 IPO Update
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• Studds Accessories: Opens, moderate GMP
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For investors who were not allotted shares, their amount will be unblocked and returned to their accounts.
With an issue size of Rs 455.49 crore, investors can subscribe to the IPO for a minimum of 1 lot of 25 shares. The minimum investment for a lot is Rs 13,925. The price range per share has been set at Rs 557-585.
Latest GMP details:
As per various media reports, the grey market premium of Studds Accessories is currently at Rs 55, implying a gain of approximately 9 per cent or above for the allotment investors.
About Studds Accessories:
The firm is involved in the design, manufacturing, marketing and sale of helmets, as well as accessories worn by two-wheeler riders.
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The IPO is an offer for sale (OFS) and the company will not receive any proceeds from the IPO.
The shares of Studds Accessories Limited are proposed to be listed on both NSE and BSE.
For more information, visit the company's official website or consult your financial advisor before investing.
