Studds Accessories Limited Unlisted Shares

About Studds Accessories

a) Studds Accessories which has started its journey in 1972 from manufacturing first helmet in a garage is today manufacturing 7 million helmets and motorcycle luggage every year. Studds Accessories Limited has today grown to become the largest two wheeler helmet manufacturer in the world.

UNIQUE- Their laboratory is the only one in the industry (in India) to be certified by European Safety Agency, and Safety – They use one of the best technologies in the world to produce certified products.
In FY19-20, they have manufactured 66 Lakhs helmets up from 58 Lakhs last year.

b) Headquartered in Faridabad, the Company has four state-of-the-art facilities manufacturing an extensive array of over 50 products. Backed by a rich legacy, a strong product portfolio and a robust dealer network, the Company has more than 26% market share in India and offers products to more than 40 countries across the globe.

c) The company has 4 business verticals.
1. Helmets
2. Motorcycle Accessories
3. Face Shields and Face Masks.
4. Bicycle Helmets.

d) As on 31st March 2020, Studds Accessories has a network of 385 dealers spread across the globe and 7 EBO’s in India. The company has 2053 Number of employees.

Presence of the Company

The company has a presence in almost 40 countries in the world.

Competitiveness

a) Innovation- 16 New Products launches in the last 3 years.
b) Excellence- 21 No. of quality/safety tests done in-house (per helmet as per ECE 22.05 standard).
c) Adaptability- 7 Different sizes are available in the helmet.
d) Presence- Over 385 Active dealer network across India as on 31st March 2020 across more than 40 countries.

Look and Feel of the Products of the Company

a) Full-face helmet and b) Flip-up full-face helmets

c) Flip-off full-face helmets and

d) Open Face Helmets

e) Sporting helmets and f) Industrial Helmets

Revenue Model

(a) The company sells a helmet in the range of Rs.825 to 2165 under the brand name Studds having a market share of 25% as of FY18.
(b) The company sells a helmet in the range of Rs.2300 to 9800 under the brand name SMK having a market share of 27.79% as of FY18.
(c) Apart from selling a helmet the company also in the business of Motorcycle Accessories like Jacket, Gloves, Glass, etc.
(d) The 90% of the Revenue comes from Helmet division and 10% comes from Motorcycle Accessories.
(e) The 92.3% of the business comes from the Domestic Market and rest 7.97% comes from Export.

Latest Interaction with Management- 16.05.2020
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How Helmets are Manufactured in Studds Factory

FY19-20 Analysis:

Business Highlights

1. Despite challenges in the market Studds have performed well and the top line grew by 10.85%. Besides, growth in the top line, the operating EBIDTA grew at 41.16% and the PAT grew by 81.05% from the preceding year.

2. This year Studds has made significant investments to develop a world-class R&D facility, backward integration by manufacturing EPSL in the plant, with an endeavor to improve the quality of the products and meet stringent safety standards.
3. During the year, the company has stepped up efforts to improve relations with its dealers and distributors and it helped to significantly increase its market share. As of 31st March 2020, the network of 385 dealers is spread across the globe and 7 EBO’s in India.
4. This year the company has launched new products i.e. Titan Fiber, Titan Carbon, Sub Urban. They are planning to further bolster the segment with the launch of riding gear, jackets, armours, elbow guards, knee guards, and shoes.
5. This year company has sold 66.5 Lakhs (Domestic + Global) and globally has a Domestic market share in Two Wheelers helmets as 25.66%.

Studds Accessories FY20-21 Performance:

Some Stats of Studds Accessories Unlisted Shares in FY2021?

1. Total helmets manufactured by Studds stands at ~64 lakh.

2. Exported to more than 45 countries.

3. Largest manufacturer of helmet in the world.

4. Studds Accessories has 4 manufacturing units in Haryana.

5. Having human capital of 2722.

Covid-19 Impact?

Despite of washout of business and almost shutdown of manufacturing units in the first quarter of FY2021 due to nation wide lockdown announced by government of India to mitigate the spread of corona virus, Studds in the second half of the fiscal managed to deliver all the orders received during the year.

Because of Covid, the availability of raw materials remained a challenge for the company throughout a year. However, Studds worked closely with their suppliers and tried to get all the raw materials in time so to complete the orders in time.

Studds Accessories 5 years Financial performance at glance?

Opportunities available for Studds Accessories?

With growing safety concerns, governments around the world have mandated the use of helmets for riders. It has added impetus to a largely fragmented helmet market and continues to open newer opportunities in domestic as well as international markets for Studds Accessories.

New Products Launches in FY2021

Industry Overview of 2W and helmet Market

1. The two-wheeler market in India shrank significantly in 2020 due to the COVID-19 pandemic, resulting in several state and national level lockdowns across the nation.
2. In the month of March-2021, Scooters, motor cycles, and mopeds all posted increases in sales as compared to the same period a year ago, with gains of 74.0%, 74.1%, and 36.2% respectively. This is mainly due to very less activity done last year in the same period.
3. India is the largest market for 2-wheelers (e.g. scooterettes, mopeds, and motorcycles) as well as home to one of the world’s most competitive manufacturers of 2-wheeler helmets with 3.5 Crores units produced each year.
4. In India, the market for two-wheeler helmet is expected to grow around 25% by 2022 . As consumers become more aware of safety, coupled with advanced safety features being introduced in two-wheeler helmets, the market for two-wheeler helmets is expected to grow significantly.
5. According to the Motor Vehicle Act, it is mandatory for all two-wheeler riders to wear helmets. Furthermore, the government has adopted a policy that prohibits the production, sale, and use of helmets that lack an ISI certification. The policy became effective on June 1, 2021. This will be a major step for improving the safety of riders of two-wheelers. The government has taken a number of steps aimed at ensuring the safety of riders, which is a positive development. The helmet industry will benefit from all these factors.

Studds Accessories Limited Unlisted Shares Details:

Total Available Shares:	10
Face Value:	₹ 5 Per Equity Share
ISIN:	INE00Q601028
Lot Size:	50-100 Shares
Current Unlisted Share Price:	₹ Best in industry Per Equity Share
Retail Discount:	Bulk Deal (1%)

Promoters And Management:

(i) Mr. Madhu Bhushan Khurana is the Chairman and Managing Director of the Company. He holds a bachelor’s degree in engineering (aeronautical) from Panjab University. Madhu Bhushan Khurana has been on Board since our Company’s incorporation. Prior to incorporating Company, he was an entrepreneur and had commenced the business of manufacturing motorcycle helmets. He has over 35 years of experience in the field of business administration, finances, strategies, and manufacturing. (ii) Mr. Sidhartha Bhushan Khurana is the Managing Director of the Company. He holds a bachelor’s degree in engineering (aeronautical) from Panjab University. He has been on Board since 1998. He has more than 19 years of experience in the field of business administration, finance, strategy, and manufacturing.

Financials of Studds Accessories Limited Unlisted Shares:

Assets and Liabilities (all figures in Million)
Year	Asset	Liabilities	Net Worth	Book Value	Debt	Debt/Equity	RONW
FY16	1,234	598	635	581	24.3	0.04	39%
FY17	1,416	546	870	796	24.75	0.03	27%
FY18	2,228	1,041	1,186	1086	3.51	0	28%
FY19	3,022	1,442	1,579	80	390	0.247	26%
FY20	3478	1318	2160	110	277	0.12	34%
FY21	4340	1445	2900	147	276	0.095	25%

Profit n Loss Key Parameters (all figures in Million)
Year	Revenue	PAT	EBITDA Margins	Profit Margins	Outstanding Shares	EPS
FY16	2,930	245	13.40%	8.0%	1.093	12.48
FY17	3,111	236	11.90%	8.0%	1.093	12
FY18	3,417	328	16.80%	10.0%	1.093	16
FY19	3,972	404	18.53%	10.2%	19.676	20
FY20	4369	745	23.72%	17%	19.676	37
FY21	4842	740	23%	15.2%	19.676	37

Key Salient Points of FY18-19 1. The Company has shown 16% Revenue Growth in FY18-19 as compared to last year. 2. The Company has shown 23% PAT Growth in FY18-19 as compared to last year. 3. The Company has almost debt Free. D/E is 0.247 4. The Company has Excellent Return Ratios ROE and ROCE in the last 3 years. Key Salient Points of FY19-20 1. Studds has clocked the revenue of 431 Crores in FY19-20 up by 10.8% as compared to last year. 2. Studds has clocked an EBITDA of 103 Crores in FY19-20 up by 41% as compared to last year. 3. Studds has clocked the PAT of 74 Crores in FY19-20 up by 84% as compared to last year. 4. EPS for the year 2019-20 stands at 37. 5. The total debt on books is 27 Crores and Net-worth of 216 Crores. So, D/E is 0.12. 6. RONW of FY19-20 is 34%. Financial Analysis of FY20-21 1. In FY20-21, the revenue of Studds Accessories has increased by 15% despite problems in the economy due to COVID-19. In FY20-21, they clocked a revenue of Rs.484 Crores as compared to 420 Crores last year. 2. EBITDA for FY21 stands at 115 Crores as compared to 103 Crores in FY20. This translate into margins of 23.7% in FY21 as compared to 24.5% last year. 3. PAT remains flat at 73 Crores similar to last year. PAT remains same, due to high depreciation as they have added new manufacturing plants and increase of finance cost. Balance Sheet Analysis a. In FY20-21, the Property, Plants and Equipment has increased from 154 Crores to 260 Crores, as company is focussing on Capex. b. They have a debt of ~27 Crores in FY21 and Net-worth of 290 Crores. So, D/E is less than 1. c. Current ratio = 1.43x ( Very comfortable) 4. ROE stands at 25% which is quite decent. 5. In FY20-21, Studds has generated a Free cash flow of 37 Crores. Last year it was Zero. Valuation of Studds Accessories Total Outstanding Shares = 1.96 Crores Studds Unlisted Market Price = 2000 Mcap = ~4000 Crores The current valuation looks stretched. Even if we take 25% growth in FY22 at the bottomline, the EPS would be ~50. Then on that basis, P/E would be 40x.

Year	ROE	ROCE
2016	39%	52%
2017	27%	37%
2018	28%	32%
2019	26%	29%
2020	34%	40%

Studds Annual Report 2021 Studds Annual Report 2020 Studds Annual Report 2019 Studds Annual Report 2018 Research Report-01.01.2019 Research Report- 07.10.2019 Graphical Representation of Studds Accessories Limited Unlisted Shares.

Frequently Asked Questions:

Please find below the procedure for buying Studds Accessories Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Studds Accessories Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Studds Accessories Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Studds Accessories Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Studds Accessories Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Studds Accessories Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Studds Accessories Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Studds Accessories Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Studds Accessories Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Studds Accessories Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Alternate Investment Fund of Category -I or II, or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Studds Accessories Limited Unlisted Shares.
2. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Studds Accessories Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Studds Accessories Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Studds Accessories Limited Unlisted Shares.
- b. Name of Studds Accessories Limited Unlisted Shares
- c. Quantity of Studds Accessories Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Studds Accessories Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Studds Accessories Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Studds Accessories Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

Taxes will remain the same irrespective of listing of shares, if bought in unlisted market. Actually, to be eligible for taxes as per listed market, one has to pay STT on buying and selling of shares. But, if you buy in unlisted and sell in listed market, one pay STT only on selling so, taxes of listed market will not be applicable

If you buy Studds Accessories Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of Studds Accessories Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Studds Accessories Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The Studds Accessories Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of Studds Accessories Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Studds Accessories Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Studds Accessories Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their Studds Accessories Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Studds Accessories Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about Studds Accessories Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on Studds Accessories Limited Unlisted Shares:

26 Comments

PGD2869

10:11 AM, 2 July 2021

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.

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Umesh Paliwal

2:02 PM, 2 July 2021

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.

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PGD2869

8:10 AM, 8 July 2021

WHAT’S THE CURRENT( fy 20-21 )EPS ?

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TheUnlistedGuy

8:29 AM, 6 August 2021

Please connect with me. Looking for studds shares

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Umesh Paliwal

10:28 AM, 6 August 2021

Hello sir, please drop us an email at sales@unlistedzone.com with your mobile number so that our team can contact you for buying studds unlisted shares.

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ranganh@gmail.com

5:49 AM, 28 September 2020

I am interested in buying Studds. What is the current price and lot?

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Market Wizard

11:39 AM, 1 October 2020

1015 per share.

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Market Wizard

5:33 AM, 12 August 2020

Studds Outlook for FY20-21

https://unlistedzone.com/studds-accessories-doubles-its-manufacturing-capacity/

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Jaykishan

1:27 AM, 30 August 2020

Is charts of unlisted shares available anywhere?

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LV

12:44 PM, 8 July 2020

Hi,

Interested in buying Studds shares, what is the current price on offer and min. lot size?

Thanks,
LV

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Market Wizard

11:21 AM, 9 July 2020

At present we are offering a price of Rs 775 per share for Studds Accessories. Minimum lot size is 25 shares.

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SUBHAJIT BISWAS

7:12 PM, 4 July 2020

What is the lifetime low and lifetime high price of this stock?? Is it good time to grab shares of it??? Present rates Please…

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Market Wizard

2:42 AM, 6 July 2020

52 week high = 950
52 week low = 550
Present rate = 780

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Market Wizard

3:32 AM, 20 June 2020

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

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vaibhav raj

9:38 AM, 9 May 2020

at what price it is available today?

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Market Wizard

6:43 AM, 16 May 2020

650 per share.

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Ashish

12:23 PM, 24 February 2020

Whats the price now ? is it available

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Market Wizard

2:44 AM, 25 February 2020

Hi,

Studds is available at Rs. 750 per share.

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Market Wizard

10:58 AM, 5 September 2019

Key Highlights from Annual Report of Studds Accessories

https://unlistedzone.com/key-highlights-from-studds-accessories-annual-report-of-fy18-19-05-09-2019/

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Market Wizard

9:24 AM, 5 September 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.

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Market Wizard

9:04 AM, 5 September 2019

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.

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Market Wizard

8:49 AM, 5 September 2019

Annual report of 2019

https://dyvmwwyqozzzb.cloudfront.net/main/Studds_Annual_Report.pdf

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Market Wizard

10:53 AM, 18 December 2018

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.

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Rajashekar Raghavan

8:16 PM, 26 July 2019

Are any shares available?

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Market Wizard

7:36 AM, 27 July 2019

Yes. Please contact Mr. Dinesh Gupta at 08010009625.

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UZAdmin

5:43 AM, 2 October 2018

(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.

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Studds Accessories Limited Unlisted Shares

Studds Accessories Limited Unlisted Shares Details:

Promoters And Management:

Financials of Studds Accessories Limited Unlisted Shares:

Frequently Asked Questions:

Discussion on Studds Accessories Limited Unlisted Shares:

26 Comments

PGD2869

Umesh Paliwal

PGD2869

TheUnlistedGuy

Umesh Paliwal

ranganh@gmail.com

Market Wizard

Market Wizard

Jaykishan

LV

Market Wizard

SUBHAJIT BISWAS

Market Wizard

Market Wizard

vaibhav raj

Market Wizard

Ashish

Market Wizard

Market Wizard

Market Wizard

Market Wizard

Market Wizard

Market Wizard

Rajashekar Raghavan

Market Wizard

UZAdmin

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