Striders Impex Ltd is coming out with a book-built SME IPO on the NSE SME platform, with a ₹10 face value and a total issue size of ₹36.29 crore (fresh issue ₹32.62 crore plus offer for sale ₹3.66 crore). The offer opens on 26 February 2026, closes on 2 March 2026, and the company has indicated 4 March 2026 for allotment and 6 March 2026 as the tentative listing date.
The price range is ₹71 to ₹72 per share. The market lot is 1,600 shares, and the retail slab starts at 2 lots (3,200 shares), which works out to ₹2,30,400 at the upper price. For non-institutional bidders, sNII starts at 3 lots (4,800 shares) = ₹3,45,600, while bNII starts at 9 lots (14,400 shares) = ₹10,36,800.
Striders Impex Ltd. IPO Details
The table below sums up the headline issue details at a glance.
| Particulars | Details |
| IPO Opens | 26 Feb 2026 |
| IPO Closes | 02 Mar 2026 |
| IPO Lot Size | 1600 shares |
| Face value | ₹10 per share |
| Price Band | ₹71 to ₹72 per share |
| Issue Price | – |
| Offer for Sale (OFS) | 5,08,800 shares |
| Fresh Issue | 45,31,200 shares |
| Issue Type | Book-built SME IPO |
| Listing at | NSE SME (NSE Emerge) |
| Total Issue | ₹36.29 crore |
| Minimum Investment | 2 lots (3,200 shares) |
Timeline of the Striders Impex Ltd. IPO
These are the dates that guide the application and post-issue process.
| Particular | Date / time |
| Bidding opens | 26 Feb 2026 |
| Bidding closes | 2 Mar 2026 |
| Basis of allotment | 4 Mar 2026 |
| Refunds begin (if applicable) | 5 Mar 2026 |
| Shares credited to demat | 5 Mar 2026 |
| Listing on NSE Emerge | 6 Mar 2026 |
| UPI mandate approval deadline | 2 Mar 2026, 5:00 pm (IST) |
Striders Impex Ltd. Key Performance Indicator
Key operating and return metrics are listed below:
| KPIs | FY 2023 | FY 2024 | FY 2025 |
| ROE (%) | 190 | 103 | 77 |
| ROCE(%) | 128.76 | 74.93 | 57.40 |
| Debt Equity (times) | 2.02 | 2.26 | 1.42 |
| RoNW (%) | 97.44 | 67.78 | 55.35 |
| PAT Margin (%) | 6.78 | 10.52 | 13.21 |
| EBITDA margin(%) | 10.32 | 12.74 | 14.66 |
Striders Impex Ltd. Financials
Here is a snapshot of the company’s key financial figures-
| Particulars (₹ crore) | 2023 | 2024 | 2025 |
| Revenue (from operations) | 29.96 | 41.70 | 60.73 |
| Total Asset (as at year-end) | 17 | 29.61 | 48.85 |
| Profit (Profit for the year / PAT) | 2.03 | 4.39 | 8.02 |
Striders Impex Ltd. IPO Subscription Status
Subscription Details Not Yet Available
Subscription information will be displayed once the bidding process starts.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Striders Impex Ltd. IPO Reservation
Shares are allocated across investor categories as follows:
| Category | Shares offered |
| Market Maker shares offered | 2,52,800 |
| QIB shares offered (total) | 23,90,400 |
| NII (HNI) shares offered | 7,20,000 |
| Retail shares offered | 16,76,800 |
| Total shares offered | 50,40,000 |
Lot Size of the Striders Impex Ltd. IPO
The table below lists the permitted bid sizes, shown in lots-
| Investor Type | Lots | Shares | Amount (at ₹72) |
| Individual Investors – Retail (Minimum) | 2 | 3,200 | ₹2,30,400 |
| Individual Investors – Retail (Maximum) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Minimum) | 3 | 4,800 | ₹3,45,600 |
| S-HNI (Maximum) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (Minimum) | 9 | 14,400 | ₹10,36,800 |
Anchor Investors in the Striders Impex Ltd. IPO
The table below summarises the anchor allocation for this issue-
| Particulars | Details |
| Anchor Bidding Date | 25 Feb 2026 |
| Shares Offered | 14,34,240 |
| Portion Size | ₹10.18 to ₹10.33 |
| 30 Days Lock-in for 50% shares | 03 Apr 2026 |
| 90 Days Lock-in for remaining shares | 02 Jun 2026 |
Striders Impex Ltd. IPO Prospectus
For a deeper analysis, check the offer documents listed below:
About Striders Impex Ltd.
Striders Impex Ltd began as Striders Impex Private Limited on 28 April 2021. It later shifted to a public limited structure following a shareholder decision dated 18 July 2025. The company is led by Managing Directors Kumarshri Rajkumar Bahety and Mustafa Esmail Kapasi.
The business is described under the broader Striders Group umbrella. This group includes Striders Impex Limited along with Striders Distribution and Services Private Limited and Striders FZ LLC.
Operationally, it works in toys and kids’ consumer products, with a focus on brand licensing, building in-house labels, and distribution. It also outlines a full-cycle approach that can cover product development, sourcing, outsourced manufacturing, and getting products to market, with an overseas presence through its UAE arm.
Here are the issue intermediaries:
| Particular | Name |
| Book running lead manager | CapitalSquare Advisors Private Limited |
| Registrar of the issue | MUFG Intime India Private Limited (formerly Link Intime) |
Objectives of the Striders Impex Ltd. IPO
The net proceeds are intended for a mix of acquisition-related funding, capacity build-out and day-to-day funding needs.
| Particulars | Amount (in ₹ Cr) |
| Working capital for the India business | ₹10 crore |
| Funding working capital for Striders FZ LLC (wholly owned subsidiary) | ₹4.50 crore |
| Setting up and funding working capital for a new UAE wholly owned subsidiary | ₹6.50 crore |
| Repayment or prepayment of borrowings | ₹3 crore |
| General corporate purposes | – |
Strength Of Striders Impex Ltd.
- Asset-light setup: The business is built around third-party manufacturing and a distribution-led model, rather than owning large factories. This can keep fixed costs lower and make it easier to scale ranges when demand changes.
- Access to global licences: The company’s relationships with international licensors, which lets the company launch character-led products without having to create the underlying content itself. This can shorten go-to-market timelines.
- Blend of owned brands and licensed portfolio: It works with a mix of in-house and third-party brands. On one side, it has its own IP-led labels such as Pugs at Play, Furry Pals, Gurliez, Fanster and Beezy Kits. On the other, it also sells products under external licences.
- Multi-channel distribution: The company describes an omni-channel presence across modern trade, general trade and e-commerce. This can reduce dependence on any single sales route
- Geographic spread plus overseas arm: It reports sales across North, East, South and West India, and it has a UAE subsidiary (Striders FZ LLC) for international distribution. This mix can help diversify where revenues come from.
Risk of Striders Impex Ltd.
- Heavy reliance on licensed brands: A large part of the product portfolio and revenue depends on third-party licences. If a licence is not renewed, is terminated, or becomes more expensive (royalties and minimum guarantees), sales and margins can take a hit.
- Minimum guarantee payments can strain cash flows: Some licensing contracts can require fixed minimum guarantees even if the related products do not sell well. That can create cash flow pressure in weak demand phases.
- Customer and supplier concentration: The company says a significant share of revenue comes from key customers, so losing one or more could affect operations and cash flows. It also notes dependence on a few suppliers for purchases, which can raise disruption risk.
- Third-party manufacturing and China exposure: The model relies on third-party manufacturers, so delays, quality issues, or compliance gaps at vendors could spill over to the business. It also sources products from China-based manufacturers through purchase-order arrangements, which can raise supply-chain and recovery risks if disputes occur.
Striders Impex Ltd. IPO Review
Striders Impex Ltd sells toys and children’s consumer products. Its model centres on licensed brands, in-house labels, and a distribution-led approach. The SME issue is planned to list on the NSE Emerge platform.
On the numbers, revenue from operations rose to ₹60.73 crore in FY2025 from ₹41.70 crore in FY2024. Profit after tax also moved up to about ₹8.41 crore in FY2025 versus ₹4.39 crore in FY2024. A large share of FY2025 revenue came from licensed products (₹40.88 crore), with owned IP products at ₹19.85 crore.
Cash generation shows working-capital swings. Standalone operating cash flow was ₹3.12 crore in FY2025, after being negative ₹7.82 crore in FY2024, and the cash-flow notes link this to movements like trade receivables and inventory
The top 10 customers contributed about 71% of FY2025 revenue from operations, so growth depends on retaining a relatively small set of large accounts. In that context, it helps to judge client stickiness, receivable discipline, and the stability of key licensing arrangements before deciding.
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Striders Impex Ltd. IPO FAQs
This is a book-built SME share issue where Striders Impex plans to raise funds and also includes a small sale by existing shareholders. The total issue size is ₹36.29 crore, split into a fresh issue of ₹32.62 crore and an offer for sale of ₹3.66 crore. The price band is ₹71 to ₹72 per share. The offer opens on 26 Feb 2026 and closes on 2 Mar 2026. The tentative listing date is 6 Mar 2026 on the NSE SME platform.
Place your bid through your broker’s IPO section or via your bank’s ASBA facility during the offer window. Enter your details, choose the category, bid in lot multiples within the price band, add your UPI ID, then approve the mandate by 5 pm on 2 Mar 2026.
Go ahead only if you are comfortable with the risks described in the offer document and with sharper price moves that can come with SME listings.
Returns are not fixed for any IPO. They depend on the listing price. They also depend on demand once the shares start trading.
The bidding starts on 26 February 2026.
One bid lot is typically 1,600 shares. Retail bidding for this IPO is often set at 2 lots (3,200 shares).
The allotment is expected on 4 March 2026.
Trading on NSE SME (Emerge) is tentatively set for 6 March 2026. Dates can change, so it helps to recheck closer to listing day.
