Price Band is fixed at Rs557 to Rs585 per Equity Share of face value of Rs5 each
FinTech BizNews Service
Mumbai, October 27, 2025: Studds Accessories Limited (“Studds” or “The Company”), proposes to open the Bid / Offer Period in relation to its initial public offer of the Equity Shares (“Offer”) on Thursday, October 30, 2025.
(L To R) Kartikay Sharma, ICICI Securities; Bharat Goyal, VP - Finance And Investor Relations, Studds Accessories; Sidhartha Bhushan Khurana, Managing Director, Studds Accessories; Madhu Bhushan Khurana, Chairman And Managing Director, Studds Accessories; Ms. Jyoti Puri, Head - HR & IR, Studds Accessories; Mr. Harshvardhan Jain, IIFL Capital Services at the IPO launch conference
The Total Offer Size comprises an offer for sale of up to 7,786,120 Equity Shares (“Offer for Sale”) by certain existing shareholders of the Company (the “Selling Shareholders”). (The “Total Offer Size”).
The Offer for Sale comprises Up to 3,800,000 Equity Shares by Madhu Bhushan Khurana, Up to 800,000 Equity Shares by Sidhartha Bhushan Khurana , Up to 2,100,000 Equity Shares by Chand Khurana (“ Together the Promoter Selling Shareholders”) and Up to 342,000 Equity Shares by Sanjay Leekha, Up to 258,000 Equity Shares by Sanjay Leekha jointly with Charu Leekha, Up to 249,600 Equity Shares by Charu Leekha, Up to 100,800 Equity Shares by Nisha Leekha, Up to 57,600 Equity Shares by Nain Tara Mehta, Up to 36,000 Equity Shares by Sunil Kumar Rastogi, Up to 25,920 Equity Shares by SE Shoes Private Limited , Up to 16,200 Equity Shares by Ajay Kumar Sakhuja (“ Other Selling Shareholders”) collectively (“The Selling Shareholders”)
The Anchor Investor Bid/Offer Period opens and closes on Wednesday, October 29, 2025. The Bid/Offer Period will open on Thursday, October 30, 2025 for subscription and close on Monday, November 3, 2025.
The Price Band of the Offer has been fixed at Rs 557 to Rs 585 per Equity Share. Bids can be made for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter.
The Equity Shares are being offered through the Red Herring Prospectus (“RHP”) of the Company dated October 25, 2025 filed with the Registrar of Companies, Delhi and Haryana at New Delhi (the “RoC”).
The Equity Shares to be offered through the Red Herring Prospectus dated October 25, 2025 are proposed to be listed on the stock exchanges being BSE Limited and National Stock Exchange of India Limited. For the purposes of the Offer, BSE Limited is the Designated Stock Exchange.
IIFL Capital Services Limited (formerly known as IIFL Securities limited) and ICICI Securities Limited are the Book Running Lead Managers to the Offer.
