Studds Accessories Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹557 - ₹585
- Lot size
- 25 shares
- Issue amount
- ₹455.49 cr
- Total subscription
- 73.25×
- Opens
- 30 Oct 2025
- Closes
- 3 Nov 2025
- Allotment
- 4 Nov 2025
- Listing
- 7 Nov 2025
Offer at a glance
Issue overview
- Issue size
- 77,86,120 shares
- Face value
- ₹5 per share
- Minimum investment
- ₹13,925
- Fresh issue
- ₹0 cr
- Offer for sale
- ₹455.49 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,625
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,93,53,400
- Shares after issue
- 3,93,53,400
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 1 | 25 | ₹14,625 |
| sHNI | 14 | 350 | ₹2,04,750 |
| bHNI | 69 | 1,725 | ₹10,09,125 |
Share reservation
Subscription & GMP
Subscription by category
Reported 3 Nov 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 1,09,006 | 19,90,953 |
| HNIs(10L +) | 2,225 | 36,599 |
| HNIs (2-10L) | 1,112 | 68,809 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 91.1 | 14,574.55 |
| FIIs | 0 | 4,212.7 |
| FIs | 0 | 7,166.21 |
| Mutual Funds | 0 | 694.46 |
| Others | 0 | 2,501.18 |
| RETAIL | 159.42 | 3,520.85 |
| HNIs 2+ | 22.77 | 1,475.56 |
| HNIs 10+ | 45.55 | 3,784.36 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Jun-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| EPS | 0 | 0 | 0 | 0 |
| ROE | 5.65 | 20.25 | 18.98 | 12.81 |
| ROCE | 0 | 0 | 0 | 0 |
| RONW | 4.31 | 15.49 | 14.77 | 9.81 |
| PRE IPO(PE) | 0 | 0 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Founded in 1975 and established in 1983, Studds Accessories Limited is a leading manufacturer of two-wheeler helmets and motorcycle accessories headquartered in Faridabad, Haryana. The company designs, manufactures, and markets helmets under the “Studds” and “SMK” brands, while its motorcycle accessories—including two-wheeler luggage, gloves, helmet security guards, rain suits, riding jackets, and eyewear—are sold under the “Studds” brand. With a strong domestic footprint and exports to over 70 countries across the Americas, Asia, Europe, and other regions, Studds also manufactures helmets for Jay Squared LLC (sold under the “Daytona” brand in the U.S.) and O’Neal for markets in Europe, the U.S., and Australia. Its operations are supported by four manufacturing facilities in Faridabad, of which Facilities II, III, and IV are on company-owned land, while Facility I is partially owned and partially leasehold.
Strengths
- Market Leadership: India’s largest helmet manufacturer by revenue and the world’s largest by volume, backed by decades of trust in safety, quality, and innovation.
- Efficient & Scalable Model: Integrated and cost-effective operations with strong brand recall, wide distribution, and minimal advertising costs ensure sustainable growth.
- Experienced Leadership: Promoters and management bring deep industry expertise, driving brand expansion and global presence.
Risk factors
- Brand Dependence: Heavy reliance on ‘Studds’ and ‘SMK’ brands means any loss of reputation or trust could impact sales and brand value.
- Manufacturing Disruptions: Breakdowns or shutdowns at production facilities can affect output, revenue, and cash flow.
- Raw Material Dependency: Lack of long-term supplier agreements makes the company vulnerable to price changes or supply disruptions.
Promoters
Madhu Bhushan Khurana
Sidhartha Bhushan Khurana
Shilpa Arora
Registrar & documents
Lead manager
ICICI Securities Limited, IIFL Capital Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 918, Sector 68, IMT Faridabad 121004, Haryana, India Faridabad, Haryana, 121004
+91 129429 6500
[email protected]Company website ↗Understanding STUDDS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.