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 Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 586.61 | 556.71 | 485.56 | 461.07 |
| Total Income | 152.01 | 595.89 | 535.84 | 506.48 |
| Profit After Tax | 20.25 | 69.64 | 57.23 | 33.15 |
| EBITDA | 30.26 | 104.84 | 90.19 | 60.05 |
| Net Worth | 469.77 | 449.48 | 387.41 | 338.02 |
| Reserves and Surplus | 450.09 | 429.8 | 377.57 | 328.18 |
| Total Borrowing | 2.91 | 2.91 | 0.61 | 30.58 |
| 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 Date | October 30, 2025 to November 3, 2025 |
| Listing Date | November 7, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹557 to ₹585 per share |
| Lot size | 25 shares |
| Total Issue size | 77,86,120 shares (aggregating upto ₹455.49 Cr ) |
| Issue type | Bookbuilding IPO |
| Listing at | NSE, BSE |
| Share Holding Pre Issue | 3,93,53,400 shares |
| Share Holding Post Issue | 3,93,53,400 shares |
Lot Allocation Details
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 25 | ₹14,625.00 |
| Retail (Max) | 13 | 325 | ₹1,90,125.00 |
| S-HNI (Min) | 14 | 350 | ₹2,04,750.00 |
| S-HNI (Max) | 68 | 1,700 | ₹9,94,500.00 |
| B-HNI (Min) | 69 | 1,725 | ₹10,09,125.00 |
Allotment Schedule
| Basis of Allotment | Tue, 4 Nov, 2025 |
| Initiation of Refunds | Thu, 6 Nov, 2025 |
| Credit of Shares to Demat | Thu, 6 Nov, 2025 |
| Tentative Listing Date | Fri, 7 Nov, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 3, 2025 |
IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Source – SEBI, Chittorgarh
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