J. Sagar Associates (JSA) advised Edelweiss Financial Services Limited and IIFL Holdings Limited as book running lead managers in relation to the proposed initial public offering of Studds Accessories Limited (“Studds”). Studds has filed a draft red herring prospectus on August 24, 2018, with the Securities and Exchange Board of India for an initial public offering comprising of a fresh issue of equity shares aggregating up to INR 980 million and an offer for sale of up to 3,939,000 equity shares by certain existing shareholders of Studds.
Studds is the largest manufacturer of two-wheeler helmets in the world in terms of volume of two-wheeler helmets sold in Fiscal 2018. Their flagship brand Studds is the largest selling two-wheeler helmet brand in India in terms of volume of two-wheeler helmets sold in India in Fiscal 2018 (and is marketed and sold in 21 countries as of June 30, 2018).
The JSA Team comprised Partners – Vikram Raghani and Arka Mookerjee; Senior Associates – Swapneil Akut and Pracheta Bhattacharya; Associates – Farah Titina, Rushab Dhandokia and Ananth Balaji and Junior Associates – Kinjal Shah and Kairav Parikh.
Arka’s practice area covers primarily equity capital markets issuances which covers a wide range of products such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.