Studds Accessories IPO Allotment Soon; Here’s How You Can Check Allotment Status Online

The Studds Accessories IPO is a book-building issue worth Rs 455.49 crore. The mainboard issue comprises entirely an offer-for-sale (OFS) of 78 lakh shares.

To participate in the IPO, retail investors had to bid for a single lot size of 25 shares, requiring an investment of Rs 14,625. Small Non-Institutional Investors had to bid for 14 lots, amounting to an investment of Rs 2,04,750. Big Non-Institutional Investors could participate in the IPO by bidding for a minimum of 69 lots, amounting to an investment of Rs 10,09,125.

The price band for the IPO was set between Rs 557 and Rs 585 per share.

IIFL Capital Services Ltd. is the book-running lead manager, and MUFG Intime India Pvt. is the registrar of the issue.

Use Of IPO Proceeds

The company will utilise proceeds from the IPO to achieve the benefits of listing the equity shares on the stock exchanges.