Studds Accessories IPO Day 3 GMP: Helmets manufacturer Studds Accessories Ltd witnessed the last day of its Rs 455-crore initial public offer (IPO). The offering closed at 5 pm today, Monday, November 3. The firm has fixed a price band of Rs 557-585 per share, valuing it at around Rs 2,300 crore at the upper end of the range.

On the final day of bidding, the IPO received a 73.25x subscription, garnering bids for 39,92,21,350 shares as against the 54,50,284 shares on offer. Its retail category has received a 22.08x subscription, while the NII (non-institutional investor) quota has received a 76.99x subscription. The QIB category received a 159.99x subscription.

The company’s Rs 455-crore IPO would conclude on November 3.

Studds Accessories IPO GMP Today

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