Studds Accessories in talks with PE investors to raise over Rs 100 crore: report

Helmet manufacturer Studds Accessories is in talks with private equity investors to raise over Rs 100 crore ahead of its initial public offering (IPO), Mint reported, citing sources.

Studds was established in 1975 and is India's largest helmet maker.

"The company has been engaged in talks with a few private equity funds and specialist pre-IPO investors to raise up to Rs 100 crore ahead of its proposed public offering," sources were quoted as saying in the report..

"The markets have been volatile and thus pricing of issues have been a challenge for issuers. By raising a pre-IPO funding, it will help the company establish a benchmark for the IPO," the sources added.

The company is aiming to list in February, the report said.