New Delhi, Oct. 31 -- The initial public offering of the helmet manufacturer Studds Accessories Ltd sailed through on the first day of share sale on Thursday, October 30. On the first day of bidding, Studds Accessories IPO subscription status was 1.54 times. Studds Accessories IPO GMP today is Rs.63.

On Wednesday, Studds Accessories garnered nearly Rs.137 crore from anchor investors. The company's IPO of Rs.455 crore is set to close on November 3. Studds Accessories IPO price band has been set at Rs.557-585 per share, placing the company's valuation at approximately Rs.2,300 crore at the higher end of that range.

Established in 1975, Studds is involved in the design, manufacturing, marketing, and sales of two-wheeler helmets under the '...