Studds Accessories IPO Opens Soon: Price Band ₹557–₹585, SBI Securities Recommends Subscribe
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Helmet maker Studds Accessories will raise ₹455 crore through its IPO with a price band of ₹557–₹585. SBI Securities suggests subscribing as Studds leads India’s helmet market with strong growth and profits.
Helmet maker Studds Accessories will soon open its IPO to raise ₹455 crore. It has already raised ₹137 crore from big investors.
The share price is set between ₹557 and ₹585, and the issue will close on November 3. At the top price, the company’s value is about ₹2,300 crore.
Should You Subscribe?
Brokerage firm SBI Securities suggests subscribing to the IPO.
It says Studds is a leader in the two-wheeler helmet market with a strong production setup.
In FY24, Studds had a 27.3% market share by volume and 25.5% by value.
Between FY23 and FY25, its
Revenue grew by 8%,
Profit by 45%, and
EBITDA by 32% every year.
The company has good returns and uses its own funds for growth.
At the top price, the IPO is valued at 33 times its expected FY25 earnings.
