Studds Investor IPO Update

Studds Accessories Ltd has filed its Draft Red Herring Prospectus (DRHP) with SEBI on March 26, 2025, marking a key step toward its upcoming public offering.

🔹 IPO Structure:
The proposed Studds Accessories Ltd IPO is a pure Offer for Sale (OFS) of 77.86 lakh equity shares, entirely offered by existing shareholders.

Notably, members of the promoter group—Mr. Madhu Bhushan Khurana, Mr. Sidhartha Bhushan Khurana, and Mr. Chand Khurana—will be participating in the OFS.

🔹 Proceeds:
As this is an OFS, Studds will not receive any proceeds from the IPO. All funds raised will go directly to the selling shareholders.

🔹 Shareholding Snapshot (Pre-IPO):

• Promoter Group: 78.78%

  • Madhu Khurana: 37.95%

  • Sidhartha Khurana: 31.79%

  • Chand Khurana: 8.35%

• Public Shareholding: 21.22%

🔹 Lead Managers:
IIFL Capital Services and ICICI Securities have been appointed as the Book Running Lead Managers (BRLMs) for the issue.