Overview
- As of 10:10 a.m. on Nov. 3, the issue was subscribed 6.65x overall, including 7.09x in retail, 14.41x in NIIs, and 0.05x in QIBs.
- The latest grey market premium stood at Rs 67, implying an estimated listing price near Rs 652 or about 11.45% above the upper band, though GMP is unofficial.
- The IPO is a pure offer for sale of roughly 77.9–78 lakh shares, so proceeds accrue to selling shareholders rather than the company.
- The price band is Rs 557–585 per share with a lot size of 25; allotment is expected on Nov. 4, demat transfers and refunds on Nov. 6, and listing on Nov. 7 on BSE and NSE.
- Studds, a leading helmet maker under the Studds and SMK brands with sales in 70+ countries, has IIFL Capital and ICICI Securities as book runners and MUFG Intime as registrar.