The famous helmet manufacturing company in India, Studds Accessories, has been in headings for commissioning two new facilities at Faridabad in Haryana with a total investment of Rs. 200 crore. With this investment, it is crystal clear that the company is in a race to expand its business and make manufacturing more feasible. The company’s new investment plan will surely make a positive impact on Studds Accessories unlisted share price. As a retail investor, you would be willing to know about Studds commissioning two new facilities and its Rs. 200 crore investment. Want to know about it? Continue reading this blog till the end to learn about it.
Synopsis Of Studds Accessories
Incorporated on 3 February 1983, Studds Accessories is an unlisted public company located in Faridabad, Haryana. It is a leading helmet and motorcycle accessories manufacturer and exporter worldwide. The company’s authorised share capital is Rs. 25 crore, and the paid-up capital is Rs. 9.84 crore. Today, the company has four manufacturing plants with state-of-the-art facilities and an annual production capacity of 14 million helmets. The company manufactures different types of helmets, like full-face, open-face, modular helmets, and riding accessories catering to commuters and speciality riders. They also offer bicycles and sporting helmets. Let’s talk about the major facilities commissioned by the company lately in the next section.
Two New Facilities Commissioned By Studds
Studds Accessories has commissioned two new facilities at Faridabad, Haryana, with an investment of Rs. 200 crore. The facilities are spread across an area of more than 5.5 acres. As per the company, the initial investment of Rs. 160 crore was made to set up Asia’s largest helmet manufacturing facility. Along with motorcycle helmets, the company will also manufacture shifters, thunder series, and bicycle helmets for the domestic market. The company has also started operations at another production unit having an in-house production line for expanded polystyrene (EPS), the most important safety feature in a helmet.
In the second plant, the company has invested Rs. 40 crore, which completes its total investment of Rs. 200 crore. Sidhartha Bhushan Khurana, managing director of Studds Accessories, said, “With the goal of expanding our production efficiency, our new plants would provide employment prospectus for local citizens as well as add to the overall economic growth.” Additionally, the production capacity of new plants will be 75 lakh units of motorcycle helmets and 15 lakh bicycle helmets annually, he added further. With such investment or facilities, Studds is all set to establish the largest helmet manufacturing facility in Asia.
Plants Will Ensure Employment To Over 1,500 Individuals
Not only does the company want to expand its manufacturing units, but it also wants to offer employment opportunities to individuals. As per the sources, as soon as the company started its production, it doubled its production capacity from 7 million to 14 million units of motorcycle helmets. With the new units, the company now has four manufacturing units and is currently exporting its products to more than 40 countries worldwide. These facilities will ensure direct employment for over 1,500 individuals. This will be a golden chance for people who are looking for job opportunities in Haryana.
An Overview Of Studds IPO
Studds Accessories has got approval from SEBI to launch its IPO in the market. The issue size will comprise both fresh issues of Rs. 98 crores and an offer for sale (OFS) of Rs. 23.32 lakh shares for existing promoters. The company has not yet gone public, as it is in the process now. So, it is a big opportunity for retail investors to buy Studds Accessories unlisted shares and get a high return on the investment when the company goes public in the future. Currently, Studds Accessories pre-IPO shares are available at Rs. 925, which are expected to surge with the release of the IPO.
Should You Buy Studds Unlisted Shares?
Do you want to diversify your investment portfolio? Or do you want to earn a high return on your investment or invest your money in a profitable company? If this is so, Studds Accessories unlisted shares are your go-to option. It is a renowned helmet manufacturing company that has earned a reputation for its quality products and manufacturing units. So, it is indeed a great company to invest in.
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