Studds Accessories IPO has a face value of ₹5 per share with a total book-built issue size of about ₹455.49 crores. The issue is a Studds Accessories mainboard IPO, comprising only an Offer for Sale (OFS) of up to 77,80,000 equity shares by existing shareholders, with no fresh issue component. The Studds Accessories IPO opens for subscription on October 30, 2025, and closes on November 3, 2025. The basis of allotment will be finalised on November 4, 2025, and the listing is expected on November 6, 2025, on both BSE and NSE.
The Studds Accessories IPO price band is fixed between ₹557 and ₹585 per share, serving as the basis for the Studds Accessories IPO review and valuation insights. The minimum investment amount for a retail investor is ₹14,635 (25 shares at the upper price band). As per the Studds Accessories IPO details, the issue allocation includes not less than 75% for Qualified Institutional Buyers (QIBs), up to 15% for Non-Institutional Investors (NIIs), and up to 10% for Retail Investors (RIIs).
Studds Accessories IPO Details
Presented below is a complete overview of the Studds Accessories mainboard IPO, covering key details such as the Studds Accessories IPO share price, issue structure, lot size, and listing information.
| IPO opening date | October 30, 2025 |
| IPO closing date | November 3, 2025 |
| Face value | ₹5 per equity share |
| Price band | ₹557 to ₹585 per share |
| Issue price | ₹585 per share |
| IPO lot size | 25 Shares |
| Sale type | Offer For Sale |
| Fresh issue | N/A |
| Offer for sale | 7,786,120 shares (aggregating up to ₹455.49 Cr) |
| Issue type | Bookbuilding IPO |
| Listing at | BSE, NSE |
| Total issue size | 7,786,120 shares (aggregating up to ₹455.49 Cr) |
| Employee discount | Undisclosed |
| Minimum investment | ₹14,625 |
| Retail discount | Undisclosed |
Studds Accessories IPO Timeline
The table below provides a concise view of the Studds Accessories IPO details in India, detailing subscription, allotment, refund initiation, and final listing dates.
| IPO open date | 30 October 2025 |
| IPO close date | 03 November 2025 |
| Provisional allotment | 04 November 2025 |
| Refund processing | 06 November 2025 |
| Transfer of shares into demat | 06 November 2025 |
| IPO listing | 07 November 2025 |
| Discontinuation date for UPI request validation | 03 November, 2025 (5 PM) |
Studds Accessories Grey Market Premium (GMP Today)
As per the latest data (October 28, 2025), the Studds Accessories Solutions IPO GMP today stands at ₹55. Considering the upper price band of ₹585, the estimated listing price is ₹640 (₹585 + ₹55), indicating an expected gain of 9.40%
| Date | GMP (₹) | Estimated listing price (at ₹585) | Estimated listing gain | Trend |
| 28-Oct-2025 | ₹55 | ₹640 | 9.40% | 🔽 Downward |
| 27-Oct-2025 | ₹55 | ₹640 | 9.40% | 🔽 Dip |
| 26-Oct-2025 | ₹85 | ₹670 | 14.53% | 🔼 Peak |
Note: Grey Market Premium (GMP) values are sourced from the unregulated grey market and may fluctuate based on investor demand, subscription levels, and market conditions.
Studds Accessories IPO Reservation
The table outlines the Studds Accessories IPO details related to the share distribution among different investor categories.
| Investor category | Shares offered |
| Qualified institutional buyers (QIB) | Not more than 50% of the Offer |
| NII (HNI) shares offered | Not less than 15% of the Offer |
| Retail shares offered (RII) | Not less than 35% of the Offer |
Studds Accessories IPO Core Performance Indicators
The following table breaks down the IPO details on its core financial ratios, and more performance indicators.
| Indicator | FY23 | FY24 | FY25 |
| EPS (Basic) (₹) | 8.42 | 14.54 | 17.70 |
| RoNW (%) | 9.81% | 14.77% | 15.49% |
| NAV per share (₹) | 85.89 | 98.44 | 114.22 |
| Debt to equity ratio | 0.02 | (0.07) | (0.07) |
| PAT Margin (%) | 6.64% | 10.82% | 11.93% |
| EBITDA (in ₹ million) | 600.53 | 901.92 | 1,048.40 |
| RoCE (%) | 12.81% | 18.98% | 20.25% |
Studds Accessories IPO Financials
The data in this table provides a brief of financial details of IPO, summarising revenue, profit, etc.
| Particulars | 2023 | 2024 | 2025 |
| Revenue from Operations | 4,991.69 | 5,290.23 | 5,838.16 |
| Total Assets | 4,610.67 | 4,855.63 | 5,567.05 |
| Profit After Tax | 331.48 | 572.26 | 696.41 |
Studds Accessories IPO Lot Size
Here’s a look at the Studds Accessories IPO lot size and corresponding investment amounts for various investor categories.
| Application | Lots | Shares | Amount (in ₹) |
| 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 |
Studds Accessories IPO Promoter Holding
Discussed here are the highlights of the IPO regarding promoter ownership before and after the issue, showing changes due to the offer for sale.
| Percentage | |
| Promoter Holding Pre-Issue | 78.78% |
| Promoter Holding Post-Issue | 61.76% |
Studds Accessories IPO Anchor Investors Details
As part of the pre-issue process, anchor investors receive allocations before the subscription opens. The table below presents the anchor bidding date and other related information for the Studds Accessories IPO.
| Bid date | October 29, 2025 |
| Shares offered | Undisclosed |
| Anchor portion size (In Cr.) | Undisclosed |
Studds Accessories IPO Prospectus .
The Studds Accessories IPO prospectus includes every official filing and disclosure submitted for investor review as part of the listing process.
About Studds Accessories Limited
Studds Accessories Limited, headquartered in Faridabad, Haryana, is a leading helmet manufacturer founded in 1983 with a strong global presence spanning over 50 countries. The company is committed to innovation, safety, and quality in manufacturing helmets and motorcycle accessories. Madhu Bhushan Khurana serves as the Chairman and Managing Director, with Sidhartha Bhushan Khurana as Managing Director. Studds operates independently without a parent organization. The company emphasizes advanced technology, sustainable manufacturing, and customer satisfaction, producing over 64 lakh helmets annually. Studds has a workforce of over 3,000 employees and remains focused on expanding domestic and international market share through innovation and safety awareness.
| Book running lead managers | IIFL Capital Services Ltd.ICICI Securities Ltd. |
| Registrar of the issue | MUFG Intime India Pvt. Ltd. |
Objectives of the Studds Accessories IPO
Since it is a complete Offer for Sale (OFS), proceeds go entirely to the selling shareholders.
Strength Of Studds Accessories IPO
The company’s competitive advantages are supported by strong operational capabilities and market positioning.
- Market leadership: The company is the largest two-wheeler helmet player in India by revenue (FY24) and the world’s largest by volume (CY24). It holds a 27.3% market share in the domestic market (FY24).
- Diversified product portfolio: Offers 240+ designs (as of August 31, 2025) across two brands, Studds for mass and mid-market, and SMK for the premium segment.
- Advanced manufacturing and vertical integration: A fully integrated model with in-house capabilities for EPS liners, decals, molds, and a VCA-certified testing lab.
- Extensive distribution network: Products sold in over 70 countries, with 363 active distributors in India and OEM clients like Hero MotoCorp, Honda, Suzuki, and Royal Enfield.
- Consistent financial performance: Profit before tax grew at a CAGR of 43.04%, while total EBITDA rose at 32.13% between FY23–FY25.
- Experienced promoters: Led by seasoned promoters, including Chairman & MD Madhu Bhushan Khurana (42+ years experience) and MD Sidhartha Bhushan Khurana (25+ years experience).
Risk of Studds Accessories IPO
The Studds Accessories IPO review also highlights several business and operational risks investors should be aware of.
- Brand dependence: Heavy reliance on ‘Studds’ and ‘SMK’ brands; any decline in brand equity may affect business.
- Product concentration: Over 91% of revenue comes from two-wheeler helmets; a fall in motorcycle sales may impact performance.
- Manufacturing concentration: All plants are in Faridabad, Haryana; any disruption could materially affect operations.
- Raw material risk: Price fluctuations in key inputs like ABS and polycarbonate could impact profitability.
- Changing customer preferences: Failure to anticipate design choices (e.g., ‘Stellar – Wings’ product response) could affect sales.
- Supplier dependence: Top suppliers account for over 40% of procurement; reliance on few vendors poses supply risks.
- Historical non-compliance: Past share allotments not in full compliance with Companies Act, 1956.
- Regulatory filings: Delays in FC-GPR filings for bonus issues could attract penalties.
- Diminishing cash flows: Past negative cash flows from financing and investing activities could affect liquidity if continued.
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Studds Accessories IPO FAQs
The Studds Accessories IPO is a mainboard Offer for Sale (OFS) of up to ₹455.49 crore by existing shareholders with no fresh issue. It has a face value of ₹5 per share, priced between ₹557 and ₹585, and aims for listing on BSE and NSE.
To apply via Zerodha, log in to your Zerodha Console, go to the IPO section, select “Studds Accessories Ltd,” enter your bid details including number of lots, and submit your application. Authorize payment using UPI before the IPO closes on November 3, 2025.
The Studds Accessories IPO subscription opens on October 30, 2025, and closes on November 3, 2025. Investors can apply during this window through any supported trading platform or bank IPO portal.
The lot size for the Studds Accessories IPO is fixed at 25 shares per lot. Retail investors must apply for at least one lot (₹14,625 at the upper price band) and can apply for a maximum of 13 lots.
Investors can apply through any registered broker or bank that supports IPO subscription. During the subscription window (October 30 to November 3, 2025), submit a bid for the desired number of lots via the IPO section, and authorize payment via UPI or net banking.
The provisional allotment for the Studds Accessories IPO is scheduled for November 4, 2025. Successful applicants will receive share allotment notifications, and refunds for unsuccessful bids will be processed starting November 6, 2025.
The IPO is expected to be listed on the BSE and NSE on November 7, 2025, following the completion of share allotment, refund processing, and demat credit to investors’ accounts.
