Mon Nov 03 03:40:00 UTC 2025: Okay, here’s a news article summarizing the Studds Accessories IPO based on the provided text:

Studds Accessories IPO Sees Strong Demand, Over Subscribed on Day 3; GMP Rises

Mumbai, India – November 1, 2025 – Studds Accessories Limited’s initial public offering (IPO) is experiencing robust investor demand as it enters its third day of bidding. The IPO, which opened on October 30, 2025, and will close on November 3, 2025, has already been oversubscribed, signaling strong confidence in the two-wheeler accessory manufacturer’s prospects.

The IPO price band is set at ₹557 to ₹585 per equity share, with the company aiming to raise ₹455.49 crore entirely through an offer for sale (OFS). Shares are proposed to be listed on both the BSE and NSE.

According to subscription data, the IPO has been booked over 5 times by the end of day two. The retail portion was subscribed 6.02 times, while the Non-Institutional Investor (NII) segment saw a subscription of 9.62 times. The Qualified Institutional Buyer (QIB) segment, however, saw relatively lower interest, being subscribed only 0.04 times.

The grey market premium (GMP) for Studds Accessories shares has also seen a rise, currently trading at ₹69, a ₹14 increase from the ₹55 premium observed on the first day of bidding. Market observers attribute this positive trend to the strong response from primary market investors, even amidst a sideways secondary market.

Canara Bank Securities has assigned a ‘subscribe’ rating to the IPO, highlighting Studds Accessories’ position as India’s largest two-wheeler helmet maker by revenue in FY2024 and the world’s largest by volume in CY2024. The firm also pointed to the company’s established OEM relationships, stricter helmet regulations driving demand, and a strong export CAGR as growth drivers. While acknowledging slower topline growth projected for FY2026, Canara Bank Securities believes the company’s strong financials and market position warrant a positive outlook.

Arun Kejriwal, Founder of Kejriwal Research and Investment Services, also recommends applying for the IPO, citing the attractive potential of the two-wheeler helmet market and the reasonable price offered. He suggests the IPO may appeal to both short-term investors seeking listing gains and those with a longer investment horizon.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should consult with a qualified financial advisor before making any investment decisions.

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