Studds Accessories have made plans to offer an IPO. He has got the permission from SEBI. They have filed the Draft Red Herring Prospect (DHRP) with the capital market regulator. The company manufactures accessories for helmets and two-wheelers.
The company is going to issue new shares of Rs 98 crore in the IPO. Apart from this, existing shareholders will also sell their 39.39 lakh shares. The existing shareholders of the company include Madhu Bhushan Khurana and Sidhartha Bhushan Khurana.
The company says that the proceeds from the IPO will be used for the company bike and Cycle Helmets production unit of Faridabad. Apart from this the remaining amount will be used for other simple corporate needs.
The company believes that the listing will increase its popularity. Its brands will also be strengthened. The company has appointed IIFL Holdings and Edelweiss Financial Services to manage its IPO.
Many companies have filed petitions before the market regulator this month to present an IPO. In addition to the Studds Accessories, AGS Kate, Harsha Engineers, Sanco Gold, Sonsera Engineering, Dolda Dairy, Nihilant, Shyam Metalkis Energy and Ask Investment Managers.
Haryana based Studds Accessories Ltd is manufacturing of helmets and two-wheeler accessories products. Its brand of STUDDS is covered around 21 countries across the globe, while SMK brand covered 23 countries, including Europe, Asia and Latin America.
Studds Accessories IPO Reviews & Recommendations:
- To Be Updated Soon…
Studds Accessories IPO & Issue Details
|Issue Price Band||INR|
|Minimum bid (lot size)||Shares|
|Minimum Lot Amount||INR|
|Face Value||INR 10 per share|
|IPO Size||INR 98 Cr|
|Issue Type||Fixed Price Issue IPO|
|Listing At||NSE and BSE|
Studds Accessories IPO Financial Performance (in INR Crore)
Studds Accessories IPO Tentative Dates: Allotment & Listing Details:
- Basis of Allotment: On or about – 2018
- Refunds Status: On or about – 2018
- Credit of Equity Shares to demat accounts: On or about – 2018
- Listing Date: On or about – 2018
Allotment Status – Studds Accessories : Check Here
Use of Funds:
- Part-financing the motorcycle helmet and accessories manufacturing facility situated in Faridabad (INR74.5 crore)
- Part-financing the bicycle helmet manufacturing facility situated in Faridabad (INR8.5 crore)
- General corporate purposes
Studds Accessories IPO Prospectus:
- DRHP Draft Prospectus
- Red Herring Prospectus
Studds Accessories IPO Lead Manager(s):
- IIFL Holdings
- Edelweiss Financial Services
Studds Accessories IPO Promoters:
- Madhu Bhushan Khurana
- idhartha Bhushan Khurana
Company Contact Information:
Studds Accessories limited
23/7, Mathura road
Ph. No.: +91 129 429 6500
Fax No.: +91 129 429 6518
Email : [email protected]
Studds Accessories IPO Registrar: