Studds Accessories IPO
Bookbuilding IPO | ₹455.49 Cr | Listing at BSE, NSE
IPO Open
Thu, Oct 30, 2025
IPO Close
Mon, Nov 03, 2025
Price Band
₹557.00 to ₹585.00
Market Cap (Pre-IPO)
₹2,302.17 Cr
IPO Details
| IPO Date | Oct 30, 2025 to Nov 03, 2025 |
| Listing Date | Tentative: Nov 07, 2025 |
| Face Value | ₹5.00 per share |
| Price Band | ₹557.00 to ₹585.00 |
| Lot Size | 25 Shares (Minimum: ₹14,625.00) |
| Sale Type | Offer For Sale |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹455.49 Crores |
| Total Shares Offered | 7,786,120 shares |
| Offer For Sale | 7,786,120 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 159.99x |
| NII | 76.99x |
| RII | 22.08x |
| Total | 73.25x |
Studds Accessories IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 38,93,060 (50.00%) |
| Retail Shares Offered | 27,25,142 (35.00%) |
| NII Shares Offered | 11,67,918 (15.00%) |
Studds Accessories IPO 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 Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹190,125 |
| S-HNI (Min) | 14 | 350 | ₹204,750 |
| S-HNI (Max) | 68 | 1,700 | ₹994,500 |
| B-HNI (Min) | 69 | 1,725 | ₹1,009,125 |
Studds Accessories Financial Information (Restated Consolidated)
Studds Accessories Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2025 and March 31, 2024.
| 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 | 429.80 | 377.57 | 328.18 |
| Total Borrowing | 2.91 | 2.91 | 0.61 | 30.58 |
Amount in ₹ Cr
Key Performance Indicators
As of Monday, March 31, 2025| KPI | Values |
|---|---|
| ROE (Return on Equity) | 16.64% |
| ROCE (Return on Capital Employed) | 20.25% |
| Debt/Equity | -0.07 |
| RoNW (Return on Net Worth) | 15.49% |
| PAT Margin (Profit After Tax Margin) | 11.93% |
| EBITDA Margin | 17.96% |
| Price to Book Value | 5.12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 17.70 | 20.58 |
| P/E (x) | 33.06 | 28.43 |
| Promoter Holding | 78.78% | 61.76% |
Company Promoters
- Madhu Bhushan Khurana
- Sidhartha Bhushan Khurana and Shilpa Arora are the company promoters.
Company Overview
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.
Product Portfolio
- Helmets, Two-wheeler luggage, Gloves, Helmet security guards, Rain suits, Riding jackets and Eyewear.
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.
Company Strengths
- 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.
- 7.40 million helmets sold in Fiscal 2025.
- Its R& D team has 75 members
Use of Proceeds
| 1) | Achieve the benefits of listing the Equity Shares on the Stock Exchanges |
Objectives
The Company Studds Accessories IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
Studds Accessories IPO Peer Comparison
Studds Accessories peer comparison with similar listed entities. (As on March 31, 2025)Quick Info
| Sector | Automobile & Auto Components |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹2,302.17 Cr |
Important Dates
| IPO Open | Oct 30, 2025 |
| IPO Close | Nov 03, 2025 |
| Allotment Date | Nov 04, 2025 |
| Credit to Demat | Nov 06, 2025 |
| Listing Date | Tentative: Nov 07, 2025 |
Lead Manager(s)
IIFL Capital Services Ltd.
Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
Description
- Studds Accessories IPO is a book build issue of ₹455.49 crores. The issue is entirely an offer for sale of 0.78 crore shares of ₹455.49 crore.
- Studds Accessories IPO bidding started from Oct 30, 2025 and ended on Nov 3, 2025. The allotment for Studds Accessories IPO was finalized on Nov 4, 2025. The shares got listed on BSE, NSE on Nov 7, 2025.
- Studds Accessories IPO price band is set at ₹585.00 per share . The lot size for an application is 25. The minimum amount of investment required by an retail is ₹14,625 (25 shares) (based on upper price). The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,04,750, and for bNII, it is 69 lots (1,725 shares), amounting to ₹10,09,125.