Studds Accessories IPO price band set at ₹557-585 per share; issue to open on October 30

Studds Accessories IPO Set to Raise ₹455.49 Crore via Offer-for-Sale.

Expert Analysis:

• IPO Details: Studds Accessories Ltd plans to raise ₹455.49 crore through its IPO, entirely via an offer-for-sale (OFS) of 77.86 lakh equity shares.

• Price Band and Subscription Dates: The price band is fixed at ₹557 to ₹585 per share. The IPO will open on October 30 and close on November 3.

• Listing and Allotment: Allotment is expected on November 4, and shares will list on BSE and NSE on November 7.

• Investor Requirements: The lot size is 25 shares, requiring a minimum investment of ₹14,625 for retail investors.

• Management and Registrar: IIFL Capital Services Ltd is the book-running lead manager, while MUFG Intime India Pvt. Ltd acts as the registrar.