- Subdivision of Face Value from Rs.10 each to Rs.5.
- After Subdivision there shall be bonus issue of share in ratio of 8 shares against one share held.
- To raise funds via. IPO worth Rs.600 crs.
- To increases FII investment limit from 24% to 49% and NRI investment limit from 10% to 24%.
Monday, 18 June 2018
STUDDS ACCESSORIES LIMITED – UPCOMING IPO
Studds Accessories Ltd world’s leading brand for Helmets & 2 Wheeler accessories enjoying market share of approx. 10% in the city like New Delhi, wherein in Mumbai, it has commanded a market share of 70 – 80%, to come up with an IPO worth Rs. 600 Crs in its recent EGM to be held on 7th July, 2018.
THE POINTS OF DISCUSSION UNDER EGM 7TH JULY, 2018:
Thus based on the alteration in the capital structure, expansion program of STUDDS and strong financial performance over the years, we recommend “BUY” for Studds Accessories Ltd.
Read More – Detail Report on Studds Accessories Ltd