Studds Accessories Raises ₹137 Crore from Anchor Investors Ahead of IPO Launch

Helmet manufacturer Studds Accessories Ltd announced on Wednesday that it has secured nearly ₹137 crore from anchor investors, ahead of its initial public offering (IPO) opening for public subscription.

Participation by Various Institutional Investors

According to a circular uploaded on the BSE website, the anchor investor round witnessed strong participation from prominent institutional investors, including HDFC Mutual Fund, Nippon India Mutual Fund, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, ITI Mutual Fund, Kedaraa Capital Public Markets Fund I, Carnelian India Amritkaal Fund, Pinebridge India Equity Fund, and Edelweiss Life Insurance Company.

As per the filing, Studds has allocated 23,35,836 equity shares to anchor investors at a price of ₹585 per share, aggregating to approximately ₹136.64 crore. Out of this, 79.43% (18,55,346 shares) were allotted to six domestic mutual funds across ten schemes, amounting to around ₹108.37 crore.

Studds Accessories IPO Details

The ₹455 crore Studds Accessories IPO will open for subscription on October 30 and close on November 3. The price band has been fixed between ₹557 and ₹585 per share, valuing the company at around ₹2,300 crore at the upper end. The issue is entirely an Offer for Sale (OFS), with the promoter group and existing shareholders collectively selling 77.86 lakh shares.

As the IPO does not include any fresh issue of shares, Studds will not receive any proceeds, and the entire amount will go to the selling shareholders.

Also Read: Lenskart vs Titan EyeCare: Comparing Growth, Profitability, and Market Reach Ahead of IPO

About Studds Accessories Limited

Founded in 1975, Studds is one of India’s leading helmet and two-wheeler accessories manufacturers. It designs, produces, and markets products under the ‘Studds’ and ‘SMK’ brands, offering a wide range that includes helmets, riding jackets, gloves, luggage, eyewear, rain suits, and helmet locks.

While the Studds brand primarily serves the mass and mid-market segments, SMK, launched in 2016, caters to the premium motorcycle segment. The company’s products are sold across India and exported to over 70 countries, covering key markets in the Americas, Europe, Asia (excluding India), and other regions.

Studds also manufactures helmets for international brands such as Jay Squared LLC (sold under the Daytona brand in the US) and O’Neal, which are distributed across Europe, the United States, and Australia.

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