Incorporated in 1975 and established in 1983, Studds Accessories Ltd. manufactures two-wheeler helmets and accessories in Faridabad, India. Products are sold under “Studds,” “SMK,” and contract brands for international partners.
Studds Accessories Ltd. IPO
Mainboard book‑built issue (Offer for Sale)
UPCOMING IPOStudds Accessories Limited is launching a ₹455.49 crore mainboard IPO as a 100% offer for sale of 77,86,120 shares, opening on October 30, 2025 and closing on November 3, 2025, with allotment expected on November 4 and listing proposed on BSE and NSE on November 7, 2025. The price band is ₹557 to ₹585 per share; the minimum retail application is 1 lot of 25 shares for ₹14,625 at the cap price.
| Face Value | ₹5 per share |
|---|---|
| Issue Price Band | ₹557 to ₹585 per share |
| Offer Structure | 100% Offer for Sale |
| Total Shares | 77,86,120 shares (aggregating up to ₹455.49 crore) |
| Issue Type | Book‑building IPO |
| Listing | BSE, NSE |
| Shareholding (Pre / Post) | 3,93,53,400 / 3,93,53,400 shares (no change; OFS) |
| Lead Manager | IIFL Capital Services Ltd. |
| Registrar | MUFG Intime India Pvt. Ltd. |
| Investor Category | Reservation |
|---|---|
| QIB | Not more than 50% of Offer |
| NII (HNI) | Not less than 15% of Offer |
| Retail (RII) | Not less than 35% of Offer |
Cut‑off bidding allowed for RII; not permitted for NII as per standard mainboard IPO norms.
| IPO Open | Thu, Oct 30, 2025 |
|---|---|
| IPO Close | Mon, Nov 3, 2025 |
| Allotment (Tentative) | Tue, Nov 4, 2025 |
| Refunds Initiation | Thu, Nov 6, 2025 |
| Credit to Demat | Thu, Nov 6, 2025 |
| Listing (Tentative) | Fri, Nov 7, 2025 |
| UPI Mandate Cut‑off | 5 PM on Mon, Nov 3, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹1,90,125 |
| S‑HNI (Min) | 14 | 350 | ₹2,04,750 |
| S‑HNI (Max) | 68 | 1,700 | ₹9,94,500 |
| B‑HNI (Min) | 69 | 1,725 | ₹10,09,125 |
All amounts at cap price ₹585 per share for standard lot multiples.
Incorporated in 1975 and established in 1983, Studds Accessories Ltd. manufactures two-wheeler helmets and accessories in Faridabad, India. Products are sold under “Studds,” “SMK,” and contract brands for international partners.
The product portfolio includes: helmets, two-wheeler luggage, gloves, helmet security guards, rain suits, riding jackets, and eyewear. The company offers 19,258 SKUs as of August 31, 2025—80 designs under SMK, 160+ under Studds, and over 240 in total.
Studds Accessories exports to over 70 countries—with major partners like Jay Squared LLC (“Daytona” in the US), and O’Neal for Europe and Australia. It sold 7.4 million helmets in Fiscal 2025 and has a 75-member R&D team.
Studds Accessories operates four manufacturing facilities in Faridabad, Haryana. Facility II, III, and IV are on company-owned land; Facility I is partly owned/leasehold.
FY2023–FY2025 and Q1 FY2026 (₹ crore)
| Assets | Total Income | PAT | EBITDA | Net Worth | Reserves | Total Borrowings |
|---|---|---|---|---|---|---|
| 556.71 (FY25) | 595.89 | 69.64 | 104.84 | 449.48 | 429.80 | 2.91 |
| 485.56 (FY24) | 535.84 | 57.23 | 90.19 | 387.41 | 377.57 | 0.61 |
| 461.07 (FY23) | 506.48 | 33.15 | 60.05 | 338.02 | 328.18 | 30.58 |
| 586.61 (Q1 FY26) | 152.01 | 20.25 | 30.26 | 469.77 | 450.09 | 2.91 |
Figures reflect Q1 FY26 and restated FY23–FY25 for fast reference in this format.
| Promoters | Madhu Bhushan Khurana; Sidhartha Bhushan Khurana; Shilpa Arora |
|---|---|
| Promoter Holding (Pre) | 78.78% |
| Promoter Holding (Post) | 61.76% |
Post-offer shareholding reflects equity dilution due to OFS; figures per RHP.
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