The initial public offering (IPO) of Studds Accessories, a leading helmet and motorcycle accessories manufacturer, is set to conclude today amidst robust investor interest. The IPO has garnered significant attention in both the primary and grey markets, indicating strong demand for the company's shares.

Subscription Status

The Studds Accessories IPO has witnessed impressive demand, achieving an oversubscription of 5.08 times as of Friday. Investors have bid for 2.77 crore shares against the 54.5 lakh shares on offer, reflecting strong market enthusiasm.

IPO Details

Grey Market Premium

The grey market is showing a positive sentiment towards the Studds Accessories IPO:

Key Dates

Financial Performance

Studds Accessories has demonstrated strong financial growth in the latest financial year:

The company's robust financial performance, coupled with its leading position in the helmet and motorcycle accessories market, appears to have resonated well with investors.

Conclusion

As the Studds Accessories IPO enters its final day, the strong oversubscription and positive grey market premium suggest high investor confidence. The company's solid financial growth and market position in the two-wheeler accessories segment have likely contributed to this enthusiasm. However, investors should note that grey market premiums are unofficial and subject to change. It's advisable to consider one's financial goals and risk appetite before making investment decisions.

With the expected allotment on November 4 and listing on November 7, market participants will be keenly watching how Studds Accessories performs on its debut on the BSE and NSE.

India's largest two-wheeler helmet manufacturer by volume, Studds Accessories Ltd., is set to launch its Initial Public Offering (IPO) on October 30, 2023. The IPO, which will close on November 3, marks the company's second attempt at going public after its initial filing with SEBI in 2018.

IPO Details

The offering is structured entirely as an offer-for-sale (OFS) of up to 77.9 lakh equity shares by promoters and existing shareholders. It's important to note that the company will not be raising any fresh capital through this IPO.

Key Shareholders and Offer Structure

The primary selling shareholders in this IPO include:

Financial Performance

Studds Accessories has demonstrated financial growth:

This represents a year-on-year revenue growth of approximately 10.4% and a profit increase of about 21.7%.

Valuation and Recent Transactions

Based on its last share transaction in August 2024, Studds Accessories is valued at over Rs 3,500 crore.

IPO Management

The book-running lead managers for this IPO are:

• IIFL Capital Services
• ICICI Securities

Investor Considerations

Potential investors should note that:

• Studds Accessories holds a leading position in the two-wheeler helmet market.
• The IPO is structured as an OFS, meaning proceeds will go to the selling shareholders rather than the company.
• The company's financial performance and market position should be carefully evaluated.

As the IPO approaches, market observers and potential investors will be watching for further details on the price band and lot size, which are yet to be announced.