Studds Accessories IPO: Check IPO Date, Live Subscription and Key Details
Studds Accessories Limited is the largest two-wheeler helmet manufacturer by volume globally and by revenue in India (FY23). With nearly five decades of experience, the company designs, manufactures, brands, and sells helmets under two key brands: Studds (mass and mid-market) and SMK (premium motorcycle segment). It operates four vertically integrated manufacturing facilities in Faridabad, India, with a total capacity of 9.04 million helmets annually. The product range also includes two-wheeler accessories like luggage, gloves, and rain suits. Studds holds various global safety certifications and exports products to over 70 countries.
Price Range
₹557.0 - ₹585.0
Issue Size
₹455.5 Crore
Lot Size
25 shares
IPO Type
Mainboard
GMP
₹67(+11.45%)
Est. Listing Price
₹652
Invisible
-
Invisible
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Key Metrics
Check Live GMP
Face Value
₹5
EPS
20.58
P/E Ratio
28.43
RoNW
15.49%
ROE
16.64%
Debt to Equity
0.01
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Timeline
IPO Opens
30 Oct
IPO Closes
3 Nov
Allotment
4 Nov
Listing
7 Nov
IPO Timeline & Listing Details
| Event | Date | Details |
|---|---|---|
| IPO Open Date | 30 October 2025 | Subscription starts |
| IPO Close Date | 3 November 2025 | Subscription ends |
| Allotment Date | 4 November 2025 | Allotment |
| Listing Date | 7 November 2025 | Listing |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,625 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,90,125 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,04,750 |
SHNI (Max)Below ₹10,00,000 | 68 | ₹9,94,500 |
BHNIAbove ₹10,00,000 | 69 | ₹10,09,125 |
IPO Objectives
- The IPO is entirely an Offer for Sale (OFS). The company will not receive any proceeds. The objective is to achieve the benefits of listing the Equity Shares on the Stock Exchanges and provide liquidity to the existing promoter and selling shareholders.
Strengths
- The company is the largest domestic player of two-wheeler helmets by revenue and a global leader by volume, with a nearly 50-year operating history.
- It has advanced, vertically integrated manufacturing and design capabilities, ensuring high quality and cost efficiency.
- The wide product catalogue caters to both the mass market ('Studds') and the premium segment ('SMK'), diversifying its market exposure.
- The business has a strong pan-India and global presence, supported by an extensive distribution network and exports to over 70 countries.
- The company has a capital-efficient and sustainable business model with a near-zero debt status (Debt/Equity 0.01 in FY25) and consistent financial performance.
Weaknesses
- The IPO is a Pure Offer for Sale (OFS), meaning the company will not receive any proceeds for business growth or capacity expansion.
- There is high dependence on helmet sales (over 90% of revenue), making the company susceptible to the cyclicality of the two-wheeler auto sector.
- All four existing manufacturing facilities are concentrated in Faridabad, increasing the risk of regional disruption.
- Working capital intensity may increase due to the company's rapid domestic and international expansion plans.
- The company faces intense competition from both organized and unorganized players, which can put pressure on margins, especially in the mass-market segment.
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Financial Performance
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 586.61 | 556.71 | 485.56 | 461.07 |
| Revenue (₹ Cr.) | 152.01 | 595.89 | 535.84 | 506.48 |
| PAT (₹ Cr.) | 20.25 | 69.64 | 57.23 | 33.15 |
| Net Worth (₹ Cr.) | 469.77 | 449.48 | 387.41 | 338.02 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Studds Accessories Ltd. | 5.12 | 28.43 | 16.64% | 469.77 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 |
|---|---|---|
| QIB | 0.02x | 0.04x |
| NII | 2.14x | 9.62x |
| S-HNI | 3.03x | 12.19x |
| B-HNI | 1.7x | 8.33x |
| RII | 2.16x | 6.03x |
| Total | 1.55x | 5.08x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 15,57,224 | 55,925 | 3.27 |
| NII | 11,67,918 | 1,12,32,150 | 657.08 |
| Small NII | 3,89,306 | 47,46,475 | 277.67 |
| Big NII | 7,78,612 | 64,85,675 | 379.41 |
| RII | 27,25,142 | 1,64,23,425 | 960.77 |
| Total | 54,50,284 | 2,77,11,500 | 1,621.12 |
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Company Details
- Studds Accessories Ltd.
- Plot No. 918, Sector 68, IMT, Faridabad, Haryana-121004
- +91 129429 6500
- secretarial@studds.com
- http://www.studds.com/
Registrar Details
- MUFG Intime India Pvt.Ltd.
- +91-22-4918 6270
- studds.ipo@in.mpms.mufg.com
- https://linkintime.co.in/Initial_Offer/public-issues.html