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:
- 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%.
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.
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