Studds Accessories Ltd., a manufacturer of two-wheeler helmets and motorcycle accessories based in Haryana, has fixed the price band of its ₹455.49 crore IPO, which will open for subscription on Thursday, October 30.

Price band for the IPO has been fixed between ₹557 to ₹585 per share.

Investors can bid for one lot of 25 shares, which will entail a minimum investment of ₹14,625, and then in multiples of 25 shares thereafter.

The entire issue is an Offer For Sale (OFS) of 77.86 lakh shares by promoters and other selling shareholders, which means the company will not receive any proceeds from the issue.

50% of the issue has been set aside for eligible institutional investors (QIBs), 15% for non-institutional and the remaining 35% of the IPO shares have been reserved for retail investors.

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