Studds Accessories has received market regulator Sebi’s approval to float an initial public offer (IPO). Studds Accessories is the leading manufacturers and exporters of Helmets & two wheeler accessories in India. Product range includes Two Wheeler Accessories. Studds has a strong global presence with partners in over 35 countries.
The company had filed its draft papers with the markets regulator in August seeking its clearance for the initial public offer (IPO). Studds Accessories’ 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.
Proceeds of the issue will be used to part-finance the motorcycle helmet, two-wheeler accessories, bicycle helmet manufacturing facilities in Faridabad, and for general corporate purposes. Edelweiss Financial Services and IIFL Holdings will manage the company’s public issue.
Bharat Nidhi Limitd (Bharat Bank Ltd) is registered with Reserve Bank of India as Non-Banking Financial Company. The Company has an agreement in force with Bennett, Coleman & Co. Limited for distribution of its Publications in Delhi/NCR. Bharat Nidhi is listed on Calcutta Stock Exchange and its shares are put on dissemination board.
In 1951, the company discontinued its banking business and subsequently changed its name to Bharat Nidhi Limited pursuant to revised Certificate of Incorporation issued by Registrar of Companies, NCT of Delhi and Haryana, dated February 27, 1952.
Bharat Nidhi was incorporated on 21st September, 1942 under The Indian Companies Act, 1913 in the name and style of Bharat Bank Limited to carry out the Banking Activities.
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Bharat Hotels runs five-star properties under The LaLiT brand. Its is one of the leading hospitality chains in India. The company has already filed a DRHP with Sebi and is very soon going to launch its IPO.
Bharat Hotels offers twelve luxury Hotels, Places & Resorts and two mid market segment hotels under The LaLiT Traveller brand offering 2261 rooms. In addition, it also holds the exclusive management rights to operate hotel in London offering 70 rooms.