Studds Accessories IPO Day 2 GMP: Helmets manufacturer Studds Accessories Ltd is witnessing a second day of its Rs 455-crore initial public offer (IPO). The firm has fixed a price band of Rs 557-585 per share, valuing it at around Rs 2,300 crore at the upper end of the range.

On the second day of bidding on Friday, the IPO received a 5.08x subscription, garnering bids for 2,77,11,500 shares as against the 54,50,284 shares on offer. Its retail category has received a 6.03x subscription, while the NII (non-institutional investor) quota has received a 9.62x subscription. The QIB category received a 0.04x subscription.

The company’s Rs 455-crore IPO would conclude on November 3.

Studds Accessories IPO GMP Today

According to market observers, unlisted shares of Studds Accessories Ltd are

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