Studds Accessories IPO price band set at ₹557-585 per share; issue to open on October 30

Motorcycle accessories manufacturer Studds Accessories Ltd is set to launch its initial public offering (IPO) this week to raise over ₹455 crore from the primary markets. The company on Monday announced the Studds Accessories IPO price band. Studds Accessories IPO price band has been set at ₹557 to ₹585 per share. At the upper-end of the price band, the company aims to raise ₹455.49 crore from the public issue, which is entirely an offer-for-sale (OFS) of 77.86 lakh equity shares. The public issue will open for subscription on Thursday, October 30, and will close on Monday, November 3. The IPO allotment date is likely November 4, and the IPO listing date would be November 7. Studds Accessories shares will be listed on both the stock exchanges, BSE and NSE.