Studds Accessories Ltd Logo

Studds Accessories Ltd IPO

BSELot: 25

LISTEDMAINBOARD
Issue Price585
Listing565
Current506
Price Band
557 - ₹585
Lot Size
25
Issue Size
₹455.49 Cr
GMP
0
Subscription
1.55x

IPO Schedule

1
Open
30 Oct
2
Close
3 Nov
3
Allotment
4 Nov
4
Listing
7 Nov

About Studds Accessories Ltd

Studds Accessories Ltd. is the largest manufacturer of helmets in India and among the leading globally, catering to both domestic and international markets. They also manufacture motorcycle accessories and related products.

Subscription Status

QIB
0.02x
NII
2.14x
Retail
2.16x
CategoryDay 3Day 2Day 1
QIB159.99x0.04x0.02x
NII76.99x9.62x2.14x
Retail22.08x6.03x2.16x
Total73.25x5.08x1.55x

Risk Factors

Raw Material Price Volatility: Fluctuations in raw material prices, particularly plastics and polymers, can impact profitability.
Competition: The helmet market is competitive, with the presence of both organized and unorganized players.
Regulatory Changes: Changes in safety regulations and helmet standards could require significant investments in product development and compliance.

Promoters & Management

The management team of Studds Accessories Limited comprises experienced professionals and is led by its promoters. Madhu Bhushan Khurana serves as the Chairman and Managing Director, bringing nearly 42 years of experience in the helmet and motorcycle accessories business. Sidhartha Bhushan Khurana holds the position of Managing Director, with over 25 years of experience in business administration, finance, strategy, and manufacturing. Shilpa Arora is the Whole-time Director and Global Sales Head, responsible for growing international sales and leading marketing efforts. Other key managerial personnel include Manish Mehta, the Chief Financial Officer, and Asha Mittal, the Company Secretary and Compliance Officer. The document also mentions the presence of independent directors on the board, including Pankaj Duhan, Deepshikha Singla, and Shishira Rudrappa. The management team's expertise and strategic vision are considered key strengths of the company.