Overview
- The Rs 455.49 crore offer comprises about 77.9 lakh shares from selling shareholders, so the company receives no proceeds.
- Bidding runs Oct. 30–Nov. 3, with allotment expected Nov. 4 and an NSE/BSE listing targeted for Nov. 7; the price band is Rs 557–585 with 25‑share lots.
- The anchor book allotted 23,35,836 shares at Rs 585, with roughly 79% taken by domestic mutual funds, according to a BSE circular.
- On day one by about 1:10 p.m., total bids were 0.80 times, retail was 1.24 times and QIB bids were yet to come in, as per reports.
- Studds, India’s largest two‑wheeler helmet maker under the Studds and SMK brands, reported FY25 revenue of Rs 556.71 crore and net profit of Rs 69.64 crore, with exports to 70+ countries.