Studds Accessories IPO Set for Strong Market Debut with 10.77% Premium
Studds Accessories, a leading Indian helmet manufacturer, is preparing for its stock market debut on November 7 following a highly successful IPO. The ₹455.49 crore IPO was oversubscribed 73 times, with the price band set at ₹557-₹585 per share. Qualified Institutional Buyers oversubscribed 160 times, while Non-Institutional Investors oversubscribed 77 times. The grey market premium indicates a potential listing price of ₹648, suggesting a 10.77% premium over the upper price band. Studds reported strong financial growth with a 21.70% increase in Profit After Tax to ₹69.64 crore and a 10.40% rise in revenue to ₹583.82 crore for FY25.
*this image is generated using AI for illustrative purposes only.
Studds Accessories, a leading helmet manufacturer in India, is poised for a robust stock market debut on November 7, following a highly successful Initial Public Offering (IPO). The company's shares are expected to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), with early indicators suggesting a strong start for investors.
IPO Performance
The Studds Accessories IPO, which opened on October 30 and closed on November 3, witnessed overwhelming investor interest:
| Aspect | Details |
|---|---|
| IPO Size | ₹455.49 crore |
| Oversubscription | 73 times |
| Price Band | ₹557 - ₹585 per share |
| Offer Type | Offer for Sale (78 lakh shares) |
Subscription Details
The IPO saw strong demand across investor categories:
| Investor Category | Subscription Rate |
|---|---|
| Qualified Institutional Buyers | 160 times |
| Non-Institutional Investors | 77 times |
Key Dates
Important dates for investors to note:
| Event | Date |
|---|---|
| Share Allotment | November 4, 2023 |
| Credit of Shares | November 6, 2023 |
| Listing Date | November 7, 2023 |
Grey Market Premium
The grey market is indicating a positive sentiment for Studds Accessories shares:
| Aspect | Value |
|---|---|
| Grey Market Premium | ₹63 |
| Expected Listing Price | ₹648 |
| Potential Premium | 10.77% |
This suggests a potential listing price of ₹648 per share, representing a 10.77% premium over the upper price band of ₹585.
Financial Performance
Studds Accessories has shown strong financial growth:
| Metric | FY25 Value | YoY Growth |
|---|---|---|
| Profit After Tax | ₹69.64 crore | 21.70% |
| Revenue | ₹583.82 crore | 10.40% |
The company's robust financial performance, coupled with the strong IPO subscription and positive grey market premium, indicates investor confidence in Studds Accessories' business model and growth prospects.
As the company prepares for its market debut, investors and market watchers will be keenly observing its performance on the listing day. The strong oversubscription across investor categories suggests a high level of interest, which could potentially translate into a positive start for Studds Accessories in the secondary market.
However, it's important for investors to note that market conditions and various other factors can influence the actual listing price and post-listing performance. As always, it's advisable to consider one's financial goals and risk appetite before making investment decisions.
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