Studds Accessories IPO & H1 FY25 Update

• Offer Structure: The IPO comprises a100% Offer for Sale (OFS)of up to7,736,120 equity shareswith a face value of₹5 each. As there is no fresh issue of shares, the proceeds will be directed to theselling shareholders rather than the company.

• Selling Shareholders: Prominent stakeholders, including promoters Mahira Khurana, Bhushan Khurana, and Siddharth Bhushan Khurana, along with financial investorSE Rose Private Limited, will be partially divesting their holdings.

• Stock Exchange Listing: The equity shares will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).

• Book Running Lead Managers: The IPO is being managed byIIFL Capital, ICICI Securities, and MUFG India.

Financial Performance:

For the six-month period ending September 2024, Studds Accessories Limited reported:

• Revenue:₹290 crore

• Net Profit:₹33 crore

• Operating Profit:₹51 crore

• Operating Profit Margin:17.9%

Investor Perspective:

With a well-established presence in the Indian two-wheeler accessories market, Studds Accessories Limited’s IPO offers an exit opportunity for early investors while also allowing new investors to participate in the company’s future growth. Given its strong brand positioning and financial performance, the IPO is expected to generate significant interest among market participants.