The initial public offering (IPO) of Studds Accessories was off to a strong bidding from the investors on the first day of the bidding process, thanks to the buying from individual investors. The issue, which kicked off on Thursday October 30, shall close for bidding on Monday, November 03.

Studds Accessories is selling its shares in the price band of Rs 557-585 apiece. Investors can apply for a minimum of 25 shares and its multiples thereafter. It is looking to raise Rs 455.49 crore via IPO, which is entirely an offer-for-sale (OFS) of up to 77,86,120 equity shares by the promoters and existing shareholders of the company. Advertisement

According to the data, the investors made bids for 43,60,325 equity shares, or 80 per cent, compared to the 54,50,284 equity shares offered for the sub

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