Studds Accessories IPO allotment: Steps to check status online, listing date and other key details

Studds Accessories Ltd. is set to finalise its IPO share allotment status on November 4, following a strong subscription on the last day of bidding on Monday.

The initial public offering (IPO) worth ₹455.49 crore was open for subscription from October 30 to November 3. Investors across categories showed a strong interest in the Studds Accessories IPO shares, leading to an overall subscription of 73.25 times. The mainboard IPO received bids for 39.92 crore shares against 54.5 lakh shares on offer, as per the NSE data.

The retail quota of the IPO was booked 22 times, while the Non-Institutional Investors’ (NIIs) category was subscribed 77 times. The Qualified Institutional Buyers (QIBs) booked their segment 160 times.

The IPO was a book-building issue comprising entirely an offer-for-sale (OFS) of 78 lakh shares. The lot size of the IPO was fixed at 25 shares per application for retail investors. The IPO price band was fixed at ₹557 to ₹585 per share.

The total issue size is 77,86,120 shares, aggregating to a total of up to ₹455.49 crore.

The investors, who bid for the IPO shares, can check the allotment status online via the BSE, NSE and the official website of the issue registrar, MUFG Intime India Pvt. Ltd.

Steps to check Studds Accessories IPO share allotment on the BSE:

Visit the IPO allotment page on the BSE website: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Select 'Equity' as the issue type
Choose Studds Accessories Ltd. from the dropdown menu for issue names
Enter your application number or PAN to proceed
Click on Search to view your share allotment details
Steps to check IPO allotment status on MUFG Intime India

Visit the link: https://in.mpms.mufg.com/Initial_Offer/public-issues.html

From the dropdown menu, select ‘Studds Accessories Ltd' as the company name
Select any one of these for verification— PAN, Application Number, DP/Client ID, or Account Number/IFSC
Enter the required details
Click on 'Submit' to check the allotment status
Investors can also check Studds Accessories IPO allotment status on the NSE website using PAN and application number.

Studds Accessories IPO listing date

Studds Accessories Ltd. is expected to transfer the shares to the Demat accounts of successful bidders on Thursday, November 6. Refunds for non-allottees will also be processed on the same day.

The company’s shares are tentatively scheduled to be listed on the NSE and BSE on Friday, November 7.

About Studds Accessories

Studds Accessories Ltd is a Haryana-based manufacturer of two-wheeler helmets and motorcycle accessories. The company operates three manufacturing facilities with an annual production capacity of 9.04 million units.

It sells helmets under its flagship brands Studds and SMK, and offers a range of motorcycle accessories such as luggage, gloves, helmet locks, rain suits, riding jackets and eyewear under the Studds brand.