Studds Accessories Limited

Studds Accessories Limited IPO Review, Allotment Status, Subscription, Price, Date & More.

Studds Accessories Limited is the largest manufacturer of two-wheeler helmets in the world in terms of volume of two-wheeler helmets sold in Fiscal 2018. The Company flagship brand Studds, the largest selling two-wheeler helmet brand in India in terms of volume of two-wheeler helmets sold in India in Fiscal 2018 is marketed and sold in 21 countries as of June 30, 2018. Studds Accessories IPO comprises of Equity shares, face value of Rs.5 each.

Let’s have a detailed review of the company and analytics of the Studds Accessories IPO release date, IPO offer price, subscription, Studds Accessories IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Summary of Studds Accessories Limited IPO

Studds Accessories Limited  are the largest manufacturer of two-wheeler helmets in the world in terms of volume of two-wheeler helmets sold in Fiscal 2018.The Company flagship brand Studds, the largest selling two-wheeler helmet brand in India in terms of volume of two-wheeler helmets sold in India in Fiscal 2018  is marketed and sold in 21 countries as of June 30, 2018.The Issue comprises of a Public Issue of Equity shares of face value of Rs.5.00 each fully paid  up.

From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations has increased at a growth rate of 5.88%.

For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs.3,364.44   Lakhs, Rs 3,091.25 Lakhs and Rs.2,919.34 Lakhs, respectively representing growth of 5.88% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 514.80 Lakhs, Rs.366.75 Lakhs and Rs. 386.28 Lakhs, respectively.

-        During the financial year 2017-18 the Other Income of our company increased to Rs.53.45 Lakhs as against Rs. 20.08 Lakhs for the financial year 2016-17, representing increase by 166.18% due to increase in interest income & insurance claim in FY 2017- 18.

-        Company’s Net Profit after tax for the year 2017-18 is Rs.328.81 Lakhs from the year 2017-16 of Rs. 236.01 Lakhs showing an increase of 39.32% from last year, showing remarkable performance.

Promoter of Studds Accessories Limited

The Promoter of this company is Mr. Madhu Bhushan Khurana and Mr. Sidhartha Bhushan Khurana. The lead manager to the issue is Edelweiss Financial Services Limited and IIFL Holdings Limited and the Registrar to this issue is Link Intime India Private Limited.

Studds Accessories IPO date has not been released yet. Once the IPO date has been issued, the subscription details will be updated regularly. The Allotment status will be announced about 3-4 weeks of the IPO issue date. The price band of the IPO will be known only after the offer price of the IPO issues is known. One can know about the price band of the IPO in about a week.

Planify view over Studds Accessories Limited:

-        Studds is the leading helmet brand with the largest sales volume of fiscal 2018 and has goodwill in the market.

-        It has launched its premium brand SMK in 2016, Marketed and sold in 21 countries across the globe and SMK in 23 countries.

-        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 buying in this share as the company has good growth potential and its profit margin is continuously improving.

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