Studds Accessories, India's leading helmet manufacturer, made its stock market debut with a lukewarm response from investors. The company's shares opened below the Initial Public Offering (IPO) price on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

Listing Details

The IPO price was set at ₹585.00 per share.

IPO Performance

The Studds Accessories IPO, which was open for subscription from October 30 to November 3, witnessed strong investor interest:

• Oversubscription Rate: 73 times
• Shares Bid: 39.92 crore
• Shares Offered: 54.50 lakh

IPO Structure and Proceeds

• Total IPO Size: ₹455.49 crore
• Offer Structure: 100% Offer-for-Sale (OFS)
• Shares Offered: 78 lakh

It's important to note that as this was entirely an OFS, the company will not receive any proceeds from the IPO.

Company Overview

Studds Accessories, founded in 1975, has established itself as a market leader in the Indian helmet manufacturing industry. The company operates under two primary brands:

1. Studds
2. SMK

In addition to helmets, Studds also produces motorcycle accessories. The company has a significant global presence, exporting its products to over 70 countries.

Financial Performance

Studds Accessories reported:

The company's financial results demonstrate solid growth in both profit and revenue.

Despite the discount at listing, Studds Accessories' strong market position and recent financial performance may be of interest to long-term investors. However, as with any investment, it's crucial to conduct thorough research and consider various factors before making investment decisions.

Studds Accessories, a leading manufacturer of two-wheeler helmets and accessories, made its debut on the National Stock Exchange (NSE) today, with shares listing below the initial public offering (IPO) price.

Listing Details

The company's shares opened at ₹565.00 on the NSE, representing a discount of ₹20.00 or 3.42% to the issue price of ₹585.00. This tepid debut reflects a cautious sentiment among investors on the listing day.

Market Implications

The below-par listing of Studds Accessories shares may be attributed to various factors, including overall market conditions, investor sentiment towards the auto accessories sector, or specific concerns related to the company's valuation.

It's important to note that the initial listing price does not necessarily indicate the long-term performance of the stock. Investors and market participants will likely be watching the stock's performance in the coming days to gauge market reception.

About Studds Accessories

Studds Accessories is a prominent player in the two-wheeler helmet and accessories market in India. The company's IPO had garnered attention due to its strong brand presence and the growing focus on road safety in the country.