Striders Impex IPO
Bookbuilding IPO | ₹36.00 Cr | Listing at NSE SME
Open
IPO Open
Thu, Feb 26, 2026
IPO Close
Mon, Mar 02, 2026
Price Band
₹71.00 to ₹72.00
Market Cap (Pre-IPO)
₹134.04 Cr
IPO Details
| IPO Date | Feb 26, 2026 to Mar 02, 2026 |
| Listing Date | Tentative: Mar 06, 2026 |
| Face Value | ₹10.00 per share |
| Price Band | ₹71.00 to ₹72.00 |
| Lot Size | 1600 Shares (Minimum: ₹115,200.00) |
| Sale Type | Offer For Sale + Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Issue Size | ₹36.00 Crores |
| Total Shares Offered | 5,040,000 shares |
| Fresh Issue | 4,278,400 shares |
| Offer For Sale | 508,800 shares |
Striders Impex IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 23,90,400 |
| Retail Shares Offered | 16,76,800 (33.27%) |
| NII Shares Offered | 7,20,000 (14.29%) |
Striders Impex IPO Lot Size
Investors can bid for a minimum of 3,200 shares and in multiples of 1,600 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 3,200 | ₹230,400 |
| Retail (Max) | 2 | 3,200 | ₹230,400 |
| S-HNI (Min) | 3 | 4,800 | ₹345,600 |
| S-HNI (Max) | 8 | 12,800 | ₹921,600 |
| B-HNI (Min) | 9 | 14,400 | ₹1,036,800 |
Striders Impex Financial Information (Restated Consolidated)
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 58.83 | 48.70 | 29.45 |
| Total Income | 49.61 | 61.95 | 41.77 |
| Profit After Tax | 4.01 | 8.41 | 4.39 |
| EBITDA | 6.49 | 9.32 | 5.31 |
| NET Worth | 23.53 | 14.88 | 6.47 |
| Reserves and Surplus | 10.04 | 15.06 | 6.46 |
| Total Borrowing | 22.92 | 20.55 | 14.65 |
Amount in ₹ Cr
Key Performance Indicators
As of Tuesday, March 31, 2026| KPI | Values |
|---|---|
| ROCE (Return on Capital Employed) | 57.96% |
| Debt/Equity | 1.36 |
| RoNW (Return on Net Worth) | 55.81% |
| PAT Margin (Profit After Tax Margin) | 13.59% |
| EBITDA Margin | 15.07% |
| Price to Book Value | 6.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.97 | 2.87 |
| P/E (x) | 12.06 | 25.07 |
| Promoter Holding | 95.49% | 69.52% |
Company Promoters
- Kumarshri Rajkumar Bahety
- Mariya Mustafa Kapasi and Mustafa Esmail Kapasi are the company promoters
Company Overview
Striders Impex Limited – Company Overview
- Incorporated in 2021, engaged in licensing, own brand development, and distribution of toys and kids’ consumer merchandise in India and select international markets.
- Provides end-to-end solutions covering product design, development, sourcing, manufacturing, and nationwide distribution.
- Focused on expanding both offline retail distribution and direct-to-consumer (D2C) online sales channels through leading e-commerce platforms.
- Strengthening presence across Indian cities while supplying to premium retail chains such as Timezone and Landmark.
Business Model
- Licensing & Brand Partnerships: Collaborations for licensed character merchandise.
- Sourcing & Manufacturing: Product development and procurement through strategic vendor networks.
- Distribution Strategy: Multi-channel distribution across modern trade, retail outlets, and online platforms.
Product Portfolio
- Licensed merchandise
- Proprietary brands
- Novelties and plush toys
- Interactive plush toys
- Stationery and activity sets
- Children’s accessories
- School bags, water bottles, and lunch boxes
Workforce
- Total of 36 employees as of December 31, 2025.
- Positioned as a growing player in the Indian kids’ toys and licensed merchandise market, focusing on brand building, retail expansion, and omnichannel distribution strategy.
Company Strengths
- Asset-Light Business Model
- Trusted Licensing Partnerships with Global Brands
- Brand Equity and Consumer Liking
- Strategic Presence in High-Growth Markets
- Strategic Presence in High-Growth Markets
- Diversified Revenue Base Across Channels and Geographies
Use of Proceeds
| 1) | Funding of working capital requirements of the Company | 10.00 |
| 2) | Investment in Striders FZ LLC, wholly owned subsidiary, to fund its working capital requirements; | 4.50 |
| 3) | Investment in a newly wholly owned subsidiary in mainland UAE to fund its working capital requirements | 6.50 |
| 4) | Repayment of Loans | 3.00 |
| 5) | General corporate purposes | |
| Total | 24.00 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Striders Impex IPO Peer Comparison
Striders Impex peer comparison with similar listed entities. (As on March 31, 2025)| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Striders Impex Ltd. | 6.27 | 6.27 | 11.09 | - | 56.51 | - | - |
| Ok Play India Ltd | -0.02 | -0.02 | 4.43 | - | -0.59 | 1.25 | - |
Quick Info
| Sector | retail, distribution, and manufacturing |
| Exchange | NSE SME |
| Market Cap (Pre-IPO) | ₹134.04 Cr |
Important Dates
| IPO Open | Feb 26, 2026 |
| IPO Close | Mar 02, 2026 |
| Allotment Date | Mar 04, 2026 |
| Credit to Demat | Mar 05, 2026 |
| Listing Date | Tentative: Mar 06, 2026 |
Lead Manager(s)
Capital Square Advisors Pvt.Ltd.
Registrar
Description
- IPO Type: Book build issue aggregating to ₹36.29 crores.
- Issue Structure: Combination of a fresh issue of 0.45 crore shares (₹32.62 crores) and an offer for sale of 0.05 crore shares (₹3.66 crores).
- IPO Dates: The issue opens on February 26, 2026 and closes on March 2, 2026.
- Allotment Date: Expected to be finalized on March 4, 2026.
- Listing Details: Shares are proposed to be listed on the NSE SME platform of the National Stock Exchange of India on March 6, 2026 (tentative).
- Retail Investment Requirement: Minimum 2 lots (3,200 shares) amounting to approximately ₹2,30,400 at the upper price band.
- HNI Investment Requirement: Minimum 3 lots (4,800 shares) totaling around ₹3,45,600.
- IPO Price Band: ₹71 to ₹72 per equity share.
- Lot Size: 1,600 shares per lot.
- The IPO offers investors an opportunity to participate in an SME listing with growth potential, subject to market risks.