Studds Accessories Limited is planning to issue its shares to the public and has filed a Draft Red Herring Prospectus (DRHP) in this regard with the Securities and Exchange Board of India (SEBI). Here’s everything that you need to know about the upcoming IPO.
About the company
With Haryana as its base, Studds Accessories Limited first came into being in the year 1983. The company is a very well-known manufacturer of two-wheeler and motorcycle helmets. In fact, Studds Accessories Limited was the largest such manufacturer in the entire world in terms of sales.
In addition to India, the flagship brand of the company ‘Studds’ also enjoys significant brand equity in other countries, with its products being exported to more than over 21 countries. The company also has another helmet brand ‘SMK’ that caters to the premium two-wheeler segment.
Studds Accessories Limited has two manufacturing facilities located in Faridabad, Haryana that utilizes cutting-edge technology and processes such as automated injection moulding, a fully automated paint shop, automated silicon hard coating facility, puttering and metalizing technologies, and a conveyorised assembly line.
Studds Accessories IPO details
Now that you’ve been introduced to this company, here are some of the important Studds Accessories Limited IPO details such as the Studds Accessories IPO date and the Studds Accessories Ltd share price, among others.
Studds Accessories IPO date
The Studds Accessories IPO date has not been announced by the company as of yet. More information regarding the offer opening date of the upcoming Studds IPO may come to light when the company files the final Red Herring Prospectus with the SEBI.
Studds Accessories IPO issue size
The Studds Accessories Limited IPO is likely to contain both a fresh issue of shares as well as an Offer for Sale component.
The fresh issue of shares through the upcoming Studds IPO is likely to net the company around Rs. 98 crores. The quantum of shares being issued through the Studds Accessories Limited IPO has not been revealed.
Around 3,939,000 equity shares of the company held by the promoters are likely to be offered to the public through the Offer for Sale (OFS) component of the IPO issue. The amount of money to be generated through this sale has not been disclosed by the company.
Studds Accessories Ltd share price
Since the company has only filed a Draft Red Herring Prospectus (DRHP) with the SEBI, the Studds IPO price has not been released to the public. More information regarding the Studds IPO price is likely to be revealed along with the Studds Accessories IPO date. Stay updated on the latest Upcoming IPO 2023!
Studds Accessories IPO listing
The upcoming Studds IPO is likely to be listed on both the premier stock exchanges of the country - the BSE and the NSE. The company has acquired in-principle approvals from both the stock exchanges as well.
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