Studds Accessories Limited, one of the top companies in terms of making helmets, has planned to file DRHP with the SEBI for an IPO. However, it has also been submitted as a Draft paper to the SEBI seven years ago.
According to the DRHP, Helmet maker Studds Accessories Ltd consists only OFS process on IPO. This OFS will be 77.9 lakh shares by the promoters and existing shareholders.
In addition, as this IPO process has an Offer For Sale, all the money will be allocated to the promoters and stakeholders. The company would not have an IPO proceed from it.
Studds Accessories and SMK are responsible for Studds Accessories’ accessories, designs, marketing, and selling of Two-Wheeler helmets. Moreover, other items such as two-wheeler luggage, gloves, helmet locking devices, rain suits, riding jackets, and eyewear are also sold under the brand “ Studds”.
This Firm’s products have been selling Pan-India and more than 70 countries especially America, India, and Europe.
Strengths of Studds Accessories
Adaptability to new fashion trends and the ability to anticipate customers’ requirements.
They also take care of the high quality of products.
Owing to skilled and experienced promoters, the firm has grown, as they handle all the operations of the company.
They offer a wide range of helmets, with 47 different styles and designs in various sizes and colors across two-wheeler helmet categories as of June 30, 2018.
Studds Accessories IPO Prospectus:
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | To be Updated Soon |
Studds Accessories Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax |
| 2017 | ₹311.13 | ₹274.46 | ₹23.60 |
| 2018 | ₹341.79 | ₹290.31 | ₹32.88 |
Studds Accessories IPO Valuation – FY2018
Studds Accessories IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹16.71 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 27.70% |
| Net Asset Value (NAV): | ₹1,085.75 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| NA | NA | NA | NA | NA | – Cr. |
| NA | NA | NA | NA | NA | – Cr. |
Objects of the Issue
- The Net Proceeds of the Fresh Issue are proposed to be utilized by our Company for the following objects:
- Part-financing the motorcycle helmet and accessories manufacturing facility situated in Faridabad (“Manufacturing Facility III”);
- (b) Part-financing the bicycle helmet manufacturing facility situated in Faridabad (“Manufacturing Facility IV”); and
- (c) General corporate purposes.
IPO Lead Managers aka Merchant Bankers
- Edelweiss Financial Services Limited
- IIFL Holdings Limited
