The company has set the price band in the range of Rs 557 to Rs 585 per equity share (Image source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The initial public offer of helmet 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 4.90 times subscription, according to details available on the NSE.

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.

The IPO is only an offer for sale (OFS), with the promoter group and other shareholders offloading 77.86 lakh shares. Since the issue is entirely an OFS, Studds will not receive any proceeds, and a

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