Studds Accessories IPO

Studds Accessories manufactures motor-cycle helmet, bicycle helmet, and other auto parts for two-wheeler. It is the world’s largest manufacturer of two-wheeler helmets by the sales volume in fiscal 2018.

Studds Accessories is the country’s leading brand in helmet manufacturing, Studds and SMK is the premium brand focus on the quality and design of the product.

Company’s manufacturing plant is located in Faridabad, India and has a wide range of helmets and motorcycle accessories.

It also Focus on style, design, quality as well as the safety features of the products they made a different position in consumer’s minds.

Their authorized share capital of Rs. 25 Cr. and paid-up capital of Rs. 9.83 Cr.

In India, there are top three players in the two-wheeler helmet market with a collective share of over 48% and being the largest brand in the helmet segment. Now the government seriously taking the matter of road safety by the awareness programs and strict enforcement of helmet laws.

The company plans to raise around Rs. 100 Crore from the fresh issue of shares and Promoter of the company sell off Rs. 0.394 Crore (39.39 lakh) equity shares through the IPO.

The company filed its draft papers with SEBI in August seeking its clearance for the initial public offer (IPO). Edelweiss Financial Services and IIFL Holding is the advising or managing the Public issue of the company.

Here we have some Studds Accessories IPO News for you.

Studds Accessories IPO comprises fresh issuance of shares worth ₹ 98 crores besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other Studds Accessories shareholders, according to the draft papers. Proceeds of the issue will be used to part-finance the motorcycle helmet, two-wheeler accessories, bicycle helmet manufacturing facilities in Faridabad.

The Company has an in-house testing laboratory to ensure the proper compliance of quality and standard. Laboratory of the company is approved by VCA England and has been granted major safety certificates like BIS certification, IS:4151(for motorcycle helmets), IS:2925(for industrial helmets), ECE 22.05 and SLSI certifications.

Studds Accessories IPO Price Band and Studds Accessories IPO Lot Size are yet to be disclosed. One can buy Studds Accessories Unlisted Share before Studds Accessories IPO Listing by investing in Studds Accessories Pre IPO.

The company has issued its bonus share in the ratio of 1:8 on 16th July of 2018 and the numbers of shares have increased to 21.86 lakh.

We at Planify Strongly Recommend buy in this share as the company has good growth potential and its profit margin is continuously improving.