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, according to the draft papers.

The company, which had filed its draft papers with the markets regulator in August seeking its clearance for the Initial Public Offer (IPO), obtained Sebi’s observations on December 14, latest data with the capital markets watchdog showed.

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