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New Delhi, Oct 30 (PTI) The initial public offer of helmets manufacturer Studds Accessories Ltd sailed through on the first day of share sale on Thursday.

The company’s IPO received bids for 84,15,400 shares against 54,50,284 shares on offer, translating into 1.54 times subscription, according to details available with the NSE.

Retail Individual Investors (RIIs) category attracted 2.16 times subscription, while the quota for non-institutional investors got subscribed 2.14 times. The Qualified Institutional Buyers (QIBs) category received 2 per cent subscription.

Studds Accessories on Wednesday said it has raised nearly Rs 137 crore from anchor investors.

The company’s Rs 455 crore IPO would conclude on November 3. The firm has fixed a price band of Rs 557-585 p

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