The Studds Accessories IPO has attracted strong investor interest, with the issue subscribed over 5 times by the end of Day 2 (October 31). The ₹455.59 crore IPO, entirely an Offer for Sale (OFS) by promoters and other selling shareholders, is priced between ₹557 and ₹585 per share.
Studds Accessories IPO Subscription Status on Day 2
According to NSE data, the IPO received bids for more than 2.77 crore shares against the total offer size of 54.5 lakh shares — translating to over 5x subscription. The retail and Non-Institutional Investor (NII) categories saw robust participation, being booked around 6x (602%) and nearly 10x (961%), respectively. Meanwhile, the Qualified Institutional Buyers (QIBs) portion saw 4% subscription on Day 2, indicating possible stronger participation toward the final day.
Studds Accessories IPO GMP Today
The Studds Accessories IPO GMP (Grey Market Premium) reflects positive sentiment among investors. As per data from Investorgain, the unlisted shares traded at a 10.77% premium over the IPO price, higher than the 9% recorded a day prior. IPO Watch reported a slightly stronger 11.45% GMP, signaling that the stock could see a decent listing gain if the current trend continues.
While GMPs are indicative of grey market demand, they are not an official or guaranteed measure of listing performance. Still, a consistent uptick in premium points toward healthy retail enthusiasm.
Studds Accessories IPO Details
Studds Accessories’ IPO aims to raise ₹455.59 crore through a complete OFS of 0.78 crore shares. The issue opened for subscription on October 30 and will close on November 3.
- Investors can bid for a minimum of 25 shares — amounting to ₹14,625 at the upper price band — and in multiples thereafter.
- The basis of allotment will likely be finalized by November 4, with the listing expected on November 7 on both the BSE and NSE.
Company Overview
Studds Accessories Limited is India’s largest helmet manufacturer by revenue and the world’s largest by volume. The company’s portfolio includes a wide range of two-wheeler helmets and accessories catering to both domestic and international markets. Its dominant market share, coupled with strong brand equity, positions it as a leader in the protective gear segment.
Final Verdict
With solid fundamentals, brand leadership, and rising grey market interest, the Studds Accessories IPO appears promising for long-term investors. While short-term listing gains may be moderate, the company’s growth trajectory in both domestic and international markets adds confidence to its outlook.
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