Start by creating a new file. We'll create stylized "H" using pen tool. Follow along the images below.
Create ellipse using elliptical shape tool.
Select the "H" paths, we just created in previous steps and press Ctrl+C to copy the path.
Select ellipse layer and press Ctrl+V to paste the hyudai path in ellipse layer. Now select ellipse path and "H" paths together and enable exclude overlapping shape areas from the top bar.
Fill the layer with gray color.
Double click the layer to open layer style window and enable bevel&emboss, satin and stroke. Apply settings as shown.
Ctrl click the layer to get the selection.
From select menu click modify>>contract. Contract the selection by 5 pixels.
Create a new layer and fill the selection with white color.
Select the ellipse layer. Right click the layer and select copy layer style.
Select the contract layer. Right click the layer and select paste layer style.
Double click the layer to open layer style window. Change the bevel&emboss settings as shown and disable stroke.
Ctrl click the ellipse layer to get the selection. Create a new layer and fill the selection with dark gray color.
Change the color mode to overlay.






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