Studds Accessories IPO sets price band at ₹557 to ₹585 per share, check lot size, key dates and more

Studds Accessories IPO: The initial public offering of helmet maker Studds Accessories will hit the primary market on Thursday, October 30. The price band has been set at ₹557 to ₹585 per share.

The bidding for anchor investors will take place on October 29. The IPO will conclude on November 3.

The ₹455.49 crore initial share sale is completely an offer for sale of 7,786,120 shares. As there is no fresh issue component, the company will not get any issue proceeds.

Under the OFS, promoters Madhu Bhushan Khurana, Sidhartha Bhushan Khurana and Chand Khurana; and investors Sanjay Leekha, Sanjay Leekha jointly with Charu Leekha, Charu Leekha, Nisha Leekha, Nain Tara Mehta, SE Shoes Private Limited, Sunil Kumar Rastogi and Ajay Kumar Sakhuja will offload their stake.

Studds Accessories IPO: Lot size

A lot consists of 25 shares in multiples thereafter. Half of the net offer has been reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

Studds Accessories IPO timeline: Allotment and listing dates

IIFL Capital Services and ICICI Securities are the issue's book-running lead managers, while MUFG Intime India is the registrar.

About Studds Accessories

Studds Accessories is the largest two-wheeler helmet player in India in terms of revenue in the financial year 2023-24. It was also the world's largest two-wheeler helmet player by volume in the calendar year 2024, according to the CARE report. The company has an annual manufacturing capacity of 9.04 million units.

Studds Accessories designs, manufactures, markets and sells motorcycle helmets under the 'Studds' and 'SMK' brands. It also makes other accessories like two-wheeler luggage, helmet locking devices, rain suits, gloves, riding jackets and eyewear. Its products are sold in more than 70 countries.