Studds Accessories IPO
Open MainLineCurrent GMP
₹35 (+5.98%)
Price Band
₹ 557 – 585
Lot Size
25
Issue Size
₹455.49 Cr
Minimum Investment
₹14625 (25 Shares)
Listing Date
07 November 2025
Subscription
73.25x
About the Company
Studds Accessories Limited
Overview
Incorporated in 1975 and established in 1983, Studds Accessories Limited is a leading manufacturer of two-wheeler helmets and motorcycle accessories headquartered in Faridabad, Haryana, India. The company designs, manufactures, markets, and sells helmets under the “Studds” and “SMK” brands, while other motorcycle accessories are marketed under the “Studds” brand.
Product Portfolio
- Helmets
- Two-wheeler luggage
- Gloves
- Helmet security guards
- Rain suits
- Riding jackets
- Eyewear
Market Presence
Studds Accessories Limited has an extensive domestic and international presence, distributing its products across India and exporting to over 70 countries spanning the Americas, Asia (excluding India), Europe, and other global markets.
In addition to its proprietary brands, the company also manufactures helmets for:
- Jay Squared LLC – marketed under the “Daytona” brand in the United States.
- O’Neal – supplied to markets in Europe, the United States, and Australia.
Manufacturing Facilities
Studds operates four state-of-the-art manufacturing facilities located in Faridabad, India:
- Manufacturing Facilities II, III, and IV – situated on company-owned land.
- Manufacturing Facility I – partly owned and partly on leasehold land.
Key Figures (as of August 31, 2025)
- 19,258 SKUs across product categories.
- Over 240 product designs, including 80 under the SMK brand and 160+ under the Studds brand.
- 7.40 million helmets sold in Fiscal Year 2025.
- 75-member R&D team driving innovation and product development.
Promoters
- Madhu Bhushan Khurana
- Sidhartha Bhushan Khurana
- Shilpa Arora
Promoters Holding
Holding Pre Issue
78.78%
Holding Post Issue
0.00%
Objects of the Issue
The Company Studds Accessories IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- The company will not receive any proceeds of the Offer for Sale by the Selling Shareholders
Address / Contact Info
Studds Accessories Ltd.
Plot No. 918,Sector 68, IMT Faridabad 121004,
Haryana, India
Faridabad, Haryana, 121004
Phone: +91 129429 6500
Email: secretarial@studds.com
Website: http://www.studds.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Thursday, 30 October 2025
IPO Close Date
Monday, 03 November 2025
Basis of Allotment
Tuesday, 04 November 2025
Initiation of Refunds
Thursday, 06 November 2025
Credit of Shares to Demat
Thursday, 06 November 2025
Listing Date
Friday, 07 November 2025 — NSE & BSE
Important Dates
Open Date
30 October 2025
Close Date
03 November 2025
Basis Of Allotment
04 November 2025
Listing Date
07 November 2025
Financial Performance (₹ in Crores)
| Particular | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 586.61 | 556.71 | 485.56 | 461.07 |
| Revenue | 152.01 | 595.89 | 535.84 | 506.48 |
| Profit After Tax | 20.25 | 69.64 | 57.23 | 33.15 |
| Net Worth | 469.77 | 449.48 | 387.41 | 338.02 |
| Reserve & Surplus | 450.09 | 429.8 | 377.57 | 328.18 |
| Total Borrowings | 2.91 | 2.91 | 0.61 | 30.58 |
EPS Pre
17.70%
EPS Post
20.58%
P/E Pre
33.06
P/E (Post Issue)
28.43x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of Mon |
|---|---|
| ROE % | 16.64 |
| ROCE % | 20.25 |
| Debt / Equity | -0.07 |
| RoNW % | 15.49 |
| PbW | 0 |
| Pat Margin % | 11.93 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 1557224 | 28.57 | 0 |
| Non-Institutional | 1167918 | 21.43 | 0 |
| BNII | 778612 | 14.29 | 0 |
| SNII | 389306 | 7.14 | 0 |
| Retail Investors | 2725142 | 50 | 0 |
| Total | 5450284 | 100 | 0 |
Subscription Status ( Mon, 03 Nov 25 01:32 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 1557224 | 249137550 | 159.99x |
| Non-Institutional | 1167918 | 89913100 | 76.99x |
| BNII | 778612 | 64689850 | 83.08x |
| SNII | 389306 | 25223250 | 64.79x |
| Retail Investors | 2725142 | 60185500 | 22.09x |
| Total | 5450284 | 399236150 | 73.25x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | 14,625.00 |
| Retail (Max) | 13 | 325 | 190,125.00 |
| S-HNI (Min) | 14 | 350 | 204,750.00 |
| S-HNI (Max) | 68 | 1,700 | 994,500.00 |
| B-HNI (Min) | 69 | 1,725 | 1,009,125.00 |
Registrar
MUFG Intime India Private Limited ((Link Intime)
91-22-4918 6270
ipo.helpdesk@in.mpms.mufg.com
https://in.mpms.mufg.com/home.html
Book Running Lead Managers
- IIFL Capital Services Limited
- ICICI Securities Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Studds Accessories IPO is a Book-building IPO worth ₹455.49 crores. The price band is ₹557 to 585 per share. The IPO opens on Thu, Oct 30, 2025 and closes on Mon, Nov 3, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited ((Link Intime) is the registrar.
The Studds Accessories IPO opens on Thu, Oct 30, 2025 and closes on Mon, Nov 3, 2025
Studds Accessories IPO Price Band is ₹557 to 585.
Studds Accessories IPO lot size is 25, and the minimum amount required for application is ₹14625.
The minimum investment for Studds Accessories IPO is approximately ₹14625 based on the upper price band.
To apply for the Studds Accessories IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Mon, Nov 3, 2025. After submission, funds are blocked until the basis of allotment of Studds Accessories IPO is finalised.
Studds Accessories IPO issue size is ₹455.49 crores.
Studds Accessories IPO allotment date is Sat, Jun 27, 2026.
The registrar for Studds Accessories IPO is MUFG Intime India Private Limited ((Link Intime). Investors can go to MUFG Intime India Private Limited ((Link Intime) website for IPO allotment status, refund processing, and other queries related to Studds Accessories IPO through their official website or helpline.
The Studds Accessories IPO GMP (Grey Market Premium) is ₹35 as of Fri, Nov 7, 2025. Based on the upper price band of ₹585 per share, the estimated Studds Accessories IPO listing price is ₹620, indicating a potential listing gain of approximately 31% over the issue price.