Helmet Maker Studds Launches ₹455 Cr IPO – Grey Market Predicts ~10% Listing Pop
India’s busiest IPO week rolls on with Studds following Orkla and Lenskart to market. With the issue entirely an OFS, all ₹455+ crore will go to existing shareholders – primarily promoters Madhu and Sidhartha Khurana and family investorseconomictimes.indiatimes.comfreepressjournal.in. “Studds will offer 78 lakh equity shares in the primary market,” ETMarkets reportseconomictimes.indiatimes.com, and “all proceeds will go to the selling shareholders”economictimes.indiatimes.com. The IPO opens Thursday and closes Nov 3, with a tentative Nov 7 listingeconomictimes.indiatimes.combusiness-standard.com. Investor buzz centers on the grey market pricing. Moneycontrol and Mint note a ₹55 GMP, implying a debut near ₹640economictimes.indiatimes.comfinancialexpress.com. Business Standard even reports a ₹650 unlisted quote on Oct 27business-standard.com. Such demand suggests retailers are keen – if it holds, early buyers could score modest gains. One finance note projects ~9.4% listing gain on the upper bandeconomictimes.indiatimes.com. Of course, grey-market spreads can shift, and the actual float-day premium is not guaranteed, but analysts say the tails are up: “the issue enjoys a ₹55 GMP, hinting at a listing price near ₹640”economictimes.indiatimes.com.
