Studds
Accessories Limited (Known as –STUDDS) a world’s leading brand for Helmets incorporated in Year 1982 has
emerged as India’s leading helmet and bike accessory brand that sets benchmarks
in the industry, and leads the way with a network of dealerships across the
country.
In its recent Postal Ballot Notice
dated 9th Feb, 2018 company proposed to increase the Authorized capital to Rs.25 Crs of
face value Rs.10 from Rs.5 Crs of face value Rs.10. Based on this proposal one can anticipate that
company shall increase it paid up capital in future by various way such as preferential
allotment in form of warrants, preference share , equity shares etc. of Fresh
issue of equity share by way of IPO to tap the booming market and become the 1st
helmet company to get listed on national wide stock exchanges. Still
management has not decided upon utilization of rise in authorized capital in
the recent notice, but one shall await for a positive news soon.
Thus
based on this recent development alteration in the capital structure, expansion
program of STUDDS along with new product innovation we recommend “BUY”
for Studds Accessories Ltd.
For
buying and selling any unquoted / unlisted / delisted or suspended shares in
physical or demat you can reach us at Contact No.91+ 09215709100 or Email us on
mittalmanish2003@gmail.com
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