Studds Accessories files IPO papers with Sebi
Updated : August 27, 2018 05:23 PM IST
The initial public offer (IPO) comprises fresh issuance of shares worth Rs 98 crore besides an offer for sale of 39.39 lakh equity shares by promoters Madhu Bhushan Khurana and Sidhartha Bhushan Khurana, and other existing shareholders, according to the draft papers.
Further, the company believes that listing of the equity shares will enhance its visibility and brand image among existing and potential customers.
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