Studds Accessories IPO

Studds Accessories IPO is a bookbuilt issue of Rs 455.49 crore. This issue is entirely an offer for sale of 0.78 crore shares with no fresh issue.

The IPO opens for subscription on October 30, 2025, and closes on November 3. The allotment is expected to be finalized on Tuesday, November 4, 2025. The price band for the IPO is set at ₹557 to ₹585 per share, and the minimum lot size for an application is 25 shares.  

Company Summary

Incorporated in 1975 and established in 1983, Studds Accessories Limited is a manufacturer of two-wheeler helmets and motorcycle accessories based in Faridabad, Haryana, India. The company designs, manufactures, markets, and sells helmets under the “Studds” and “SMK” brands, while other accessories are sold under the “Studds” brand.

Market Presence

Studds Accessories Limited distributes its products across India and exports to over 70 countries, including markets in the Americas, Asia (excluding India), Europe, and other regions. Additionally, the company manufactures helmets for:

  • Jay Squared LLC – Sold under the “Daytona” brand in the United States.
  • O’Neal – Supplied to markets in Europe, the United States, and Australia.

Manufacturing Facilities

The company operates four manufacturing facilities in Faridabad, India:

  • Manufacturing Facility II, III, and IV – Situated on company-owned land.
  • Manufacturing Facility I – Partially owned, partially leasehold.

Key Figures

  • As of August 31, 2025, it has 19,258 SKUs across product categories.
  • As of August 31, 2025, it offers over 240 different designs across our product categories, including 80 designs under the SMK brand and more than 160 designs under the Studds brand.
  • 40 million helmets sold in Fiscal 2025.
  • Its R&D team has 75 members

Product Portfolio

  • Helmets
  • Two-wheeler luggage
  • Gloves
  • Helmet security guards
  • Rain suits
  • Riding jackets
  • Eyewear

Company Strengths

  • Leading two-wheeler helmet manufacturer in India by revenue in FY24.
  • Wide variety of product portfolio with different styles and features, catering to all price range groups.
  • Fully integrated design and advanced manufacturing capabilities.  
  • The company claims to have a wide sales and distribution network, which supports its operation across India and across more than 70 countries.
  • Efficient, scalable, and sustainability-focused business operations, with ISO 9001:2015 certification for its quality management systems.

Company Financials

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets586.61556.71485.56461.07
Total Income152.01595.89535.84506.48
Profit After Tax20.2569.6457.2333.15
EBITDA30.26104.8490.1960.05
Net Worth469.77449.48387.41338.02
Reserves and Surplus450.09429.8377.57328.18
Total Borrowing2.912.910.6130.58
                                                                                                                                                                                                          Amount in ₹ Crore

Objectives of IPO

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges

Promoters of the company

Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Shilpa Arora are the company promoters.

IPO Details

IPO DateOctober 30, 2025 to November 3, 2025
Listing DateNovember 7, 2025
Face Value₹5 per share
Price Band₹557 to ₹585 per share
Lot size25 shares
Total Issue size77,86,120 shares (aggregating upto ₹455.49 Cr )
Issue typeBookbuilding IPO
Listing atNSE, BSE
Share Holding Pre Issue3,93,53,400 shares
Share Holding Post Issue3,93,53,400 shares

Lot Allocation Details

ApplicationLotsSharesAmount
Retail (Min)125₹14,625.00
Retail (Max)13325₹1,90,125.00
S-HNI (Min)14350₹2,04,750.00
S-HNI (Max)681,700₹9,94,500.00
B-HNI (Min)691,725₹10,09,125.00

Allotment Schedule

Basis of AllotmentTue, 4 Nov, 2025
Initiation of RefundsThu, 6 Nov, 2025
Credit of Shares to DematThu, 6 Nov, 2025
Tentative Listing DateFri, 7 Nov, 2025
Cut-off time for UPI mandate confirmation5 PM on November 3, 2025

IPO Reservation

Investor CategoryShares Offered
QIB Shares OfferedNot more than 50% of the Offer
Retail Shares OfferedNot less than 35% of the Offer
NII Shares OfferedNot less than 15% of the Offer

Source – SEBI, Chittorgarh

To check allotment, click here

Download NOVO App!

Invest in Zero-commission Direct Mutual funds, IPO, Sovereign Gold bonds, Government bills, and Corporate bonds.