IPO

Studds Accessories Limited IPO

Mainboard Pre-Apply

Offer Date: Oct 30, 2025 - Nov 3, 2025

₹ 14625 /25 Shares

Pre-Apply

30 Oct, 2025

Open Date

03 Nov, 2025

Close Date

04 Nov, 2025

Allotment Date

07 Nov, 2025

Listing Date
Expected Premium
+ ₹50-51 (8.55%)

*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.

Expected Premium
+ ₹50-51 (8.55%)
Studds Accessories IPO Issue Details
  • Issue Price ₹557-585 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 77,86,120 shares(aggregating up to ₹455.49 crore)
  • Offer For Sale 77,86,120 shares(aggregating up to ₹455.49 crore)
  • Listing at BSE, NSE
  • Lead Manager IIFL Capital Services Ltd
    ICICI Securities Ltd
  • Registrar MUFG Intime India Pvt.Ltd.
Market Lot Size

Investors can bid for a minimum of 25 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min) 125₹14,625
Retail(max)13325₹1,90,125
SHNI(min) 14350₹2,04,750
SHNI(max) 681,700₹9,94,500
BHNI(min) 691,725₹10,09,125
Studds Accessories IPO Documents
Studds Accessories IPO Details


Studds Accessories IPO is a book-built issue of ₹455.49 crores, The total issue size is ₹455.49 crores. The IPO of Studds Accessories is priced at ₹557-585 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Oct 30, 2025 and ends on Nov 3, 2025. The allotment for Studds Accessories IPO will be finalized on Nov 4, 2025. Studds Accessories IPO will be listed on BSE, NSE, with a tentative listing date fixed as Nov 7, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Pvt.Ltd. is the registrar of the issue.

Retail investors can bid for a minimum of 25 shares, extendable to 14,625. S-HNIs will be able to bid for 350 shares at ₹2,04,750, while B-HNIs can also apply for a bid of 1,725 shares at ₹10,09,125. The book-running lead manager for the IPO is/are IIFL Capital Services Ltd, ICICI Securities Ltd.

The total issue ₹455.49 crore and having Offer for Sale (OFS) of 77,86,120 shares to mop up ₹455.49 crore.

The Studds Accessories IPO sets its price band at 557-585 for each share. A single application for Studds Accessories Limited IPO must contain at least 25 shares. Sentiment investors need to invest a minimum of 25 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,625 In order to participate in the sNII, investors must purchase at least 14 lots of 350 shares for ₹2,04,750, while the bNII requires 69 lots of 1,725 shares for an investment of ₹10,09,125.

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Studds Accessories Valuations
EPS Pre IPO ₹17.70/-
EPS Post IPO ₹20.58/-
P/E Pre IPO 33.06
P/E Post IPO 28.43
ROE 16.64%
ROCE 20.25%
RoNW 15.49%
PAT Margin 11.93%
Price to Book Value 5.12
Market Cap. 2302.17 Cr.
Studds Accessories Company Financials
In Crs.
In Cr.
30-Jun-2531-Mar-2531-Mar-2431-Mar-23
Assets586.61556.71485.56461.07
Revenue152.01595.89535.84506.48
Profit After Tax20.2569.6457.2333.15
Net Worth469.77449.48387.41338.02
Reserves & Surplus450.09429.80377.57328.18
Total Borrowing2.912.910.6130.58
About Studds Accessories Company

Registered in 1975 and incorporated in 1983, Studds Accessories Limited is a two-wheeler helmet manufacturer and motorcycle accessory company headquartered in Faridabad, Haryana, India. The company produces, manufactures, markets, and sells helmets with the brands 'Studds' and 'SMK' and all other accessories under the brand 'Studds'.

Product Portfolio:Helmets, Two-wheeler luggage, Gloves, Helmet security guards, Rain suits, Riding jackets and Eyewear.

Market Presence:
Studds Accessories Limited markets its products in India and exports to more than 70 countries, including markets in the America region, Asia (apart from India), Europe, and other regions. The company also produces helmets for:
Jay Squared LLC – Markets under the 'Daytona' brand in the United States.
O'Neal – Distributed to European, United States, and Australian markets.

It has 19,258 SKUs in product categories as of August 31, 2025.As of 31st August, 2025, it has more than 240 various designs in our product range, comprising 80 SMK designs and over 160 Studds designs.7.40 million helmets sold during Fiscal 2025.Its R& D department has 75 members

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Studds Accessories - Promoter(s)

Madhu Bhushan Khurana

Sidhartha Bhushan Khurana

Shilpa Arora

Pre Issue Share Holding : 78.78%

Post Issue Share Holding : 61.76%

Studds Accessories IPO - Issue Objectives
1

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

Strength
Market Leadership in Helmets: Studds is India's largest revenue-generating two-wheeler helmet maker (FY24) and the globe's largest by volume (CY24). With over four and a half decades of legacy, the company has established deep-rooted brand trust through its emphasis on safety, quality, and innovation.
Capital-Efficient and Scalable Model: The firm has a cost-effective, integrated, and scalable business model underpinned by high brand recall, extensive distribution, and low advertising expenses, with efficient working capital and sustainable growth.
Experienced Leadership Team: With seasoned promoters and management at the helm, Studds is bestowed with extensive industry experience and demonstrated skills in brand establishment, expansion of products, and overseas expansion.
Weakness
Brand Dependence: The performance of the company is significantly dependent on its 'Studds' and 'SMK' brands. Any decline in brand image or failure to retain consumer confidence may adversely affect its sales and overall brand value.
Manufacturing Disruptions: The business of the company is dependent on the uneventful operation of its manufacturing units. Any breakdown, disruption, or shutdown of operations can have an adverse effect on its production, revenues, and cash flows.
Raw Material Risk: The firm relies on timely and affordable acquisition of raw materials. As it does not have long-term contracts with suppliers, supply interruption or price instability would have implications on its business and profitability.
Contact Details

Studds Accessories

Plot No. 918, Sector 68, IMT Faridabad 121004, Haryana, India Faridabad, Haryana, 121004

+91 129429 6500

secretarial@studds.com

http://www.studds.com/

Registrar Contact Details

MUFG Intime India Private Limited (Link Intime)

+91-22-4918 6270

studds.ipo@in.mpms.mufg.com

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Studds Accessories Limited IPO
Studds Accessories

Offer Date

Oct 30 - Nov 03, 2025

Offer Price

₹ 557-585

Lot Size

25


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