Studds Accessories IPO is looking to mop up Rs 455.49 crores. The book-built issue is entirely an offer for sale of 0.78 crore shares. The company has kept the price band in a range of Rs 557-585 per equity share. Here is everything you need to know.
Studds Accessories IPO: GMP
The Studds Accessories IPO GMP is at Rs 55 as per the latest update. This indicates that the issue may list at a 9% premium. The GMP has been trending higher in the last 24 hours. However, readers must remember that the GMP is an unofficial measure of investor interest. The actual listing price could be very different from what the GMP indicates. ,
Studds Accessories IPO: Allotment and Listing
Studds Accessories IPO opens for subscription on October 30 and closes on November 03. The allotment for the Studds Accessories IPO is expected to be finalised on November 04, while the listing on the bourses, BSE and NSE, is likely to be on November 07, as per the schedule.
Studds Accessories IPO: Lot size
A retail application needs to apply for a minimum of 25 shares, amounting to Rs 14,625. The lot size investment for a small NII is 14 lots of 350 shares, aggregating to Rs 2 lakh, and for a big NII, it is 69 lots of 1,725 shares, equalling Rs 10 lakh.
Studds Accessories IPO: Financials
The company reported a net profit of Rs 69.64 crore in FY25, Rs 57.23 crore in FY24, and Rs 33.15 crore in FY23. The net earnings have risen at a CAGR of 28% over the last three financial years. Its total income grew at a CAGR of 5.57% from FY23 to FY25. The total income as of FY25 was Rs 595.89 crore.
Book-runner and Registrar
IIFL Capital Services is the book-running lead manager for the IPO, and MUFG Intime India is the registrar of the issue.
About Studds Accessories
Studds Accessories is in the manufacturing of two-wheeler helmets and motorcycle accessories, based in Haryana, India. The company designs, manufactures, markets, and sells helmets under the ‘Studds’ and ‘SMK’ brands, while other accessories are sold under the ‘Studds’ brand.
The company’s product portfolio includes helmets, two-wheeler luggage, gloves, rain suits, riding jackets, and eyewear.
Studds distributes its products across India and exports to over 70 countries, including markets in the Americas, Asia (excluding India), Europe, and other regions.