Indian Markets
Studds Accessories

Studds Accessories IPO

Bookbuilding IPO | ₹455.49 Cr | Listing at BSE, NSE

Closed : STUDDS
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
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.
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