Shares of Studds Accessories Ltd made a muted debut on the National Stock Exchange (NSE) on Friday, Nov 7, listing at Rs 565 per share, a 2.6% discount to its issue price of Rs 585.
The stock’s weak listing comes despite healthy subscription levels and optimism around the motorcycle accessories manufacturer’s growth potential. The company’s IPO, which was open from October 30 to November 3, received decent investor participation, and the allotment was finalized on November 4.
However, the stock’s listing below expectations indicates subdued investor sentiment amid volatile market conditions. Market watchers noted that while the company has strong brand visibility in the motorcycle helmet and accessories segment, valuations at the upper end of the price band might have limited immediate upside potential.
Studds Accessories’ shares are listed on both NSE and BSE, with pre-open settlement confirming the listing price at Rs 565.
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