The 100 crore fundraising before the Studds IPO will help the maker of SMK helmets establish a benchmark valuation for the initial public offering
Mumbai: Studds Accessories Ltd, India’s largest maker of helmets and other two-wheeler accessories, has initiated talks with private equity investors to raise as much as ₹ 100 crore ahead of a planned initial public offering (IPO), said two people aware of the company’s plans. Established in 1975, Studds is currently the largest-selling helmet brand in India. In 2016, the company launched a premium helmet brand SMK.
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