Studds Accessories IPO

Studds Accessories Limited is engaged in the design, manufacture, marketing, and sale of helmets and accessories worn by two-wheeler riders. The company offers helmets under the ‘Studds’ and ‘SMK’ brands and other motorcycle accessories such as luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear under the Studds brand. Its products are sold across India and exported to over 70 countries in the Americas, Europe, Asia, and other regions. Studds also manufactures helmets for Jay Squared LLC (sold under the “Daytona” brand in the US) and O’Neal for markets in Europe, the US, and Australia. The company operates four manufacturing facilities in Faridabad, India, equipped with automated production, coating, and testing capabilities. Use of proceeds: The IPO is an offer for sale (OFS). The company will not receive any proceeds from the offer. Net proceeds from the offer will go to the promoter selling shareholders in proportion to the number of shares offered by them for sale. Madhu Bhushan Khurana: Up to 3,800,000 equity shares Sidhartha Bhushan Khurana: Up to 800,000 equity shares Chand Khurana: Up to 2,100,000 equity shares Sanjay Leekha: Up to 342,000 equity shares Sanjay Leekha jointly with Charu Leekha: Up to 258,000 equity shares Charu Leekha: Up to 249,600 equity shares Nisha Leekha: Up to 100,800 equity shares Nain Tara Mehta: Up to 57,600 equity shares Sunil Kumar Rastogi: Up to 36,000 equity shares SE Shoes Private Limited: Up to 25,920 equity shares Ajay Kumar Sakhuja: Up to 16,200 equity shares The primary objective of the offer is to achieve the benefits of listing the equity shares on the stock exchanges, which is expected to enhance the company’s visibility and brand recognition. Listing will also provide liquidity to the existing shareholders and create a public market for the company’s shares in India​.;