Studds Accessories shares are likely to list with up to 10 percent gains when they debut on the stock exchanges on Friday, according to market experts tracking the company’s initial public offering (IPO).

The helmet manufacturer’s shares will be listed on both the National Stock Exchange (NSE) and the BSE on November 7, following strong investor response to its IPO, which was subscribed 73.25 times.

Narendra Solanki, Head of Fundamental Research – Investment Services at Anand Rathi Shares and Stock Brokers, said Studds Accessories is India’s largest two-wheeler helmet maker by revenue in FY24 and the world’s largest by volume in CY24, with nearly five decades of experience.

"As of March 31, 2025, its three manufacturing units have a combined annual capacity of 9.04 million units, with

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