Studds Accessories IPO Allotment Today: Here is How to Check on NSE and BSE?

Studds Accessories Ltd is set to announce the allotment status of its initial public offering (IPO) on November 4, after witnessing robust investor interest, particularly on the final day of bidding this past Monday. The company’s IPO, valued at ₹455.49 crore, was open for subscription from October 30 to November 3. 

The shares will be credited to successful applicants’ Demat accounts on Thursday, November 6, with refunds for non-allottees processed the same day. The stock is expected to be listed on NSE and BSE on Friday, November 7.

Studds Accessories IPO Subscription Status

According to market data, the issue received overwhelming demand, registering an overall subscription of 73.25 times. On the mainboard, investors bid for 39.92 crore shares, far exceeding the 54.5 lakh shares on offer, as per NSE figures.

Breaking down by category:

• The retail investor segment was subscribed 22 times.
• The Non-Institutional Investors (NIIs) segment saw a subscription of 77 times.
• Qualified Institutional Buyers (QIBs) led the demand, with their portion booked 160 times.

The IPO was a book-building issue entirely comprising an offer-for-sale (OFS) of 78 lakh shares, with a lot size of 25 shares per retail application. The price band was set at ₹557–₹585 per share, resulting in a total issue of 77,86,120 shares, amounting to up to ₹455.49 crore.

How to Check Studds Accessories IPO Allotment Status?

Investors who applied for the IPO can check their allotment status online through the BSE, NSE, or the registrar’s website, MUFG Intime India Pvt Ltd.

Checking Studds Accessories IPO Allotment on BSE:

1. Visit BSE IPO Allotment Page
2. Select ‘Equity’ as the issue type
3. Choose Studds Accessories Ltd. from the dropdown menu
4. Enter your Application Number or PAN
5. Click Search to view allotment details

Checking IPO Allotment via MUFG Intime India

1. Visit MUFG Intime IPO Portal
2. Select ‘Studds Accessories Ltd.’ from the company dropdown
3. Choose one verification option: PAN, Application Number, DP/Client ID, or Account Number/IFSC
4. Enter the required details and click Submit

Investors can also check allotment on the NSE website using PAN and the application number.

About Studds Accessories Ltd

Based in Haryana, Studds Accessories Ltd. is a leading manufacturer of two-wheeler helmets and motorcycle accessories. The company operates three manufacturing plants with an annual production capacity of 9.04 million units.

Studds Accessories markets helmets under its flagship Studds and SMK brands and offers a wide range of motorcycle gear, including luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.