Friday, 2 March 2018
STUDDS ACCESSORIES LIMITED – PROPOSED TO INCREASE THE AUTHORIZED CAPITAL TO Rs. 25 Crs.
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.
Read More – Detail Report on Studds Accessories Ltd |
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