Studds Accessories Lists Below Grey Market Estimates, Stock Opens with Discount

Studds Accessories Limited experienced a subdued listing on the stock exchanges on Friday, November 7, 2025. On the National Stock Exchange (NSE), the company's shares debuted at ₹565, which is 3.5 per cent lower than its initial public offering (IPO) price of ₹585. The stock later saw some movement, trading around ₹382. Similarly, on the Bombay Stock Exchange (BSE), Studds Accessories opened at ₹570, a discount of 2.6 per cent from the issue price, and was trading around ₹577.7 post-listing. This performance fell short of expectations from the unofficial or 'grey' market, where unlisted shares of Studds Accessories were reportedly trading at ₹630 ahead of the listing. The IPO itself garnered significant investor interest, being subscribed 73.25 times overall. The Qualified Institutional Buyers (QIBs) showed particularly strong appetite, oversubscribing their portion by 160 times. The company raised ₹455.5 crore through this IPO, which was entirely an Offer for Sale (OFS), meaning existing shareholders sold their stakes and the company did not receive any proceeds.

Impact: A listing below grey market estimates and issue price can deter investor confidence in upcoming IPOs and may affect the company's ability to raise capital in the future. However, strong subscription numbers indicate underlying business interest. Rating: 6/10.

Difficult terms: IPO (Initial Public Offering): The process by which a private company offers its shares to the public for the first time, becoming a publicly traded company. Dalal Street: A colloquial term for the Indian financial market, particularly referring to the area in Mumbai where the Bombay Stock Exchange is located. NSE (National Stock Exchange): One of the leading stock exchanges in India, based in Mumbai. BSE (Bombay Stock Exchange): Asia's first and largest stock exchange, also based in Mumbai. Grey Market: An unofficial market where IPO shares are traded before they are listed on the stock exchanges. Prices here are indicative and not binding. Unlisted Shares: Shares of a company that are not traded on a public stock exchange. Registrar: An entity appointed by a company to manage share transfers, record keeping, and other administrative tasks related to its shareholders. Offer for Sale (OFS): A process where existing shareholders of a company sell their shares to the public. The company itself does not receive funds from an OFS. Red Herring Prospectus (RHP): A preliminary prospectus filed by a company before its IPO, containing detailed information about the business, management, risks, and financial statements. It is 'red' because certain information is yet to be finalized. Qualified Institutional Buyers (QIBs): Institutional investors like mutual funds, foreign institutional investors, and banks that are permitted to subscribe to IPOs. Non-Institutional Investors (NIIs): Individual investors who apply for shares in an IPO above the retail investor limit, typically high net-worth individuals and corporates. Retail Investors: Individual investors who apply for shares in an IPO up to a certain limit, as defined by market regulators. Book-running lead managers: Investment banks that manage the IPO process, including underwriting the issue, marketing it to investors, and ensuring smooth listing.