Studds Accessories IPO: Day One Subscription Status and Latest GMP
The domestic manufacturer and seller of two-wheeler helmets in India, Studds Accessories, has received a strong response from investors on the first day of its initial public offering (IPO). The issue has been subscribed 1.54 times, with the company aiming to raise Rs 455.5 crore through an offer for sale of 77.9 lakh equity shares.
Investors can place bids starting from a minimum of 25 shares and in multiples thereafter. The price band for the IPO has been set at Rs 557 to Rs 585 per equity share. The offer will remain open for investors to subscribe until November 3.
About Studds Accessories
Studds Accessories is the largest domestic manufacturer and seller of two-wheeler helmets in India, with a comprehensive and continuously evolving portfolio of designs and product variants across multiple price points. The company benefits from advanced manufacturing infrastructure and strong design and development capabilities, complemented by highly vertically integrated operations that span the entire production value chain.
Studds Accessories enjoys a robust pan-India presence and a steadily growing international footprint, enabled by an extensive and well-established sales and distribution network. The company’s adherence to stringent quality standards is reinforced by multiple major global and domestic accreditations.
Subscription Status
The Studds Accessories IPO has received a strong response from investors, with the issue subscribed 1.54 times on the first day. The subscription status is as follows:
- Qualified Institutional Buyers (QIBs): 2%
- Non-Institutional Investors (NIIS): 2.14 times
- Retail Individual Investors: 2.16 times
- Employee Reserved: Nil
Latest GMP and Expected Listing Price
According to InvestorGain, the latest Grey Market Premium (GMP) for the Studds Accessories IPO stood at Rs 63 on Thursday. With an upper price band of Rs 585 per share, the estimated listing price is likely to be Rs 648, as per the latest GMP. This implies an expected listing gain of 10.77% per share.
Note: GMP does not represent official data and is based on speculation. Investors should exercise caution and do their own research before making any investment decisions.
Key Details for Investors
Here are the key details for investors looking to subscribe to the Studds Accessories IPO:
- Dates: October 30 – November 3
- Price Band: Rs 557 – Rs 585 per share
- Lot Size: 25 shares per lot
- Issue Size: Offer for sale of 77.9 lakh equity shares
- Date of Allotment: November 4
- Listing Date: November 7
Investors can visit the Studds Accessories IPO page on our website for more information and updates. You can also check the latest IPO news and Indian stock market updates on our website.