India's Studds Accessories drops in debut trade

Studds Accessories

07/11/2025 06:31

** Two-wheeler helmet maker Studds Accessories STUS.NS drop nearly 1% on trading debut; earlier slumped almost 4.3%

** Stock opened at 565 rupees vs issue price of 585 rupees

** As of 11:55 a.m. IST, co valued at 22.72 billion rupees ($258.49 million)

** Broader markets decline on profit-taking across sectors .BO

** Its 4.55-billion-rupee IPO consisted solely of shares on offer by existing shareholders

** IPO was subscribed 73.25 times, garnering bids worth 233.55 billion rupees at the upper end of the price range of 557-585 rupees

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))