Studds Accessories Limited Files DRHP with SEBI for IPO

Bengaluru: Studds Accessories Limited, India’s largest two-wheeler helmets player and the world’s largest two-wheeler helmet player by volume, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI).

The company plans to raise funds through an initial public offering (IPO) comprising an ‘Offer for Sale’ of up to 7,786,120 equity shares with a face value of ₹5 each.

Studds Accessories designs, manufactures, markets, and sells two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands, as well as other accessories.

The company’s products are sold pan-India and in over 70 countries internationally, with key export markets in the Americas, Asia, Europe, and other regions.

IIFL Capital Services Limited and ICICI Securities Limited are the Book Running Lead Managers (BRLMs) to the issue.