Studds Accessories IPO GMP Today Hints At Listing Gain Of 9.23% | 5 Things To Know Before IPO Opens On Oct 30

Studds Accessories IPO GMP Today: Studds Accessories IPO GMP today (Grey market premium) indicated a listing gain of nearly 9.23% on BSE and NSE, according to investorgain.com. Studds IPO will open for subscription on Thursday, October 30.

The two-wheeler helmets manufacturer is planning to raise nearly Rs 455 crore with the initial public offering (IPO). Studds IPO will open for subscription on Thursday, October 30 and will conclude on Monday, November 3. Here are all the details you need to know about the IPO.

Studds Accessories IPO GMP Today

Studds Accessories IPO's last GMP today stood at Rs 54, as per investorgain.com at 12 pm on Tuesday. Considering Studds IPO GMP today, the public offering is estimated to be listed at Rs 639 per share (sum of upper price band and latest GMP Today). The company's stock may see a percentage gain/loss per share is 9.23%. Studds IPO GMP stood at its highest mark of Rs 85 per share and at its lowest mark of Rs 54 per share.

Studds Accessories IPO | 5 Things To Know About The IPO

-Studds Accessories IPO is a book build issue of Rs 455.49 crores. The issue is an offer for sale of 0.78 crore shares of Rs 455.49 crore. The company has fixed an IPO price band at Rs 557 to Rs 585 per share.

-Studds IPO price band has been fixed at Rs 557 to Rs 585 per share. The lot size for an application is 25. Retail investors are required to make a minimum investment of Rs 14,625 per share. Meanwhile, the lot size investment for sNII is at 14 lots, equivalent to Rs 2,04,750 per share. Whereas, for bNII, the minimum lot size is 69 lots, equivalent to Rs 10,09,125. IIFL Capital Services Limited is the book-running lead manager, and MUFG Intime India Private Limited is the registrar of the issue.

-The Haryana-based company is a renowned brand in helmets manufacturing and in the business of accessories manufacturing. The company designs, manufactures, markets and sells two-wheeler helmets under the 'Studds' and 'SMK' brands and other accessories (such as twowheeler luggage, gloves, helmet locking devices, rain suits, riding jackets and eyewear) under the 'Studds' brand.

-The company has a strong national as well as international presence. Stuuds products are sold throughout India and in more than 70 countries internationally. Its key export markets are situated across Americas, Asia (excluding India), Europe, and the rest of the world.

-Coming to the company's strengths, it is one of the largest two-wheeler helmets manufacturers in India. Studds enjoys a strong presence in the industry. The company's brand, SMK, has emerged as a premium brand that is being successfully exported to the overseas market.

Studds Accessories Limited is also planning to expand the production of bicycle helmets, two-wheeler luggage, and apparel. It also intends to grow its product offerings in niche segments, such as bicycle helmets and apparel.