I am interested to buy this shares .Please let me know the price/share & minimum shares which can be bought. Also, need to understand when the listing of this shares are planned in the BSE/NSE? If available ,share the annual report for the year 2020-21.
Current price of studds is 1600 per share. They had planned the IPO in 2018 and even got the approval from the SEBI but could not able to bring. However, we believe in 1-2 years the IPO will definitely come.
Studds Accessories is working to bring a new technology helmet soon in the Indian market- 20.06.2020
https://www.indiatv.in/paisa/business-studds-helmets-accessories-working-on-smart-helmet-technology-693961
Key Highlights from Annual Report of Studds Accessories
https://unlistedzone.com/key-highlights-from-studds-accessories-annual-report-of-fy18-19-05-09-2019/
The Board has recommended dividends on equity shares @ 60% on paid-up share capital of the company i.e 3.00 per paid-up equity share for FY18-19.
Dividend Distribution Tax amounting to 19445 which was not paid by the due date, has been paid on 16/08/2019 along with interest.
Studds Company overview:
The world’s largest manufacturer of two-wheeler helmets, Studds Accessories Limited (Studds), is catering diverse needs of its customer through its two flagship brands STUDDS & SMK HELMETS. The company markets its products to 39 countries across the world ensuring its products meets all the safety, quality, style and comfort requirements. Over the years, the company has also diversified its offering into two-wheeler lifestyle accessories such as two-wheeler luggage, gloves, helmet security guards, rain suits and eyewear as well. Since inception, Studds has been providing stylish, innovative and comfortable products while meeting the dynamic changes in taste and preferences of the consumers across the globe enabling it to gain strong brand loyalty and recall.
On 17-12-2018, the Studds Limited got approval from SEBI for IPO.
The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO), obtained Sebi’s observations on December 14, latest data with the capital markets watchdog showed. Studds Accessories’ IPO comprises fresh issuance of shares worth Rs 98 crore besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders, according to the draft papers.
The company plans to use Rs 83 crore to part-finance the construction of two factories. It also plans to use some money for general corporate purposes.
(i) The Company was having total outstanding Shares of 1,093,150 with FV=10 as on March FY18.
(ii) Then on July 07 2018, the company had spilt the FV from 10 to 5 and accordingly the number of shares increased to 2186300 Shares.
(iii) Then on July 16 2018, the company has issued bonus shares in the ratio 1:8 and accordingly the number of shares increased to 19,676,700 Shares before the issue.