Studds Accessories IPO will open for subscription on October 30, 2025, and closes on November 3, 2025. Incorporated in 1983, Studds Accessories Limited is a Faridabad, Haryana-based manufacturer of two-wheeler helmets and motorcycle accessories.
The company designs, manufactures, markets, and sells helmets under the “Studds” and “SMK” brands, while other accessories are sold under the “Studds” brand. This blog will provide you with all the details about the Studds Accessories IPO, including timelines, issue size, financial performance, peer analysis, and risk factors.
Studds Accessories IPO Date
The key pointers for the Studds Accessories IPO dates are:
- Bidding Opening Date: October 30, 2025
- Bidding Closing Date: November 3, 2025
- Allotment Date: November 4, 2025
- Initiation of Refunds (in case of less or no allotment): November 6, 2025
- Shares Credited to Your Demat Account: November 6, 2025
- IPO Listing Date: November 7, 2025
- Listing on Exchange: BSE and NSE
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Studds Accessories IPO Issue Size
Studds Accessories IPO valuation, as denoted by the market capitalisation, stood at ₹2,302 crores. Here are the essential details:
- Studds Accessories IPO Price Band: ₹557 to ₹585 per share
- Lot Size: 25 Shares
- Total Issue Size and Amount: 77.86 lakh shares (aggregating up to ₹455.49 crores)
- OFS and Amount: 77.86 lakh shares (aggregating up to ₹455.49 crores)
Studds Accessories IPO Proceeds Usage
This is an offer for sale issue, meaning that the company will not get this amount for growth and expansion.
After deducting offer-related expenses, the proceeds will directly go to selling shareholders. They are Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, Chand Khurana, Charu Leekha, Nisha Leekha, and others.
Studds Accessories IPO Reservations
Studds Accessories IPO reservations to different investors are:
- For QIBs: Not more than 50% of the Offer
- For NIIs: Not less than 15% of the Offer
- For Retail Investors: Not less than 35% of the Offer
Studds Accessories IPO Lot Size
The Studds Accessories IPO lot size is 25 shares, wherein bidding can be done in multiples. The minimum amount that each category of investor needs to bid in this IPO is:
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| S-HNI (Min) | 14 | 350 | ₹2,04,750 |
| B-HNI (Min) | 69 | 1,725 | ₹10,09,125 |
Studds Accessories IPO Details: Promoter Holding
Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Shilpa Arora are the company promoters.
Studds Accessories Limited: Company Overview
Studds Accessories Limited, incorporated in 1983, is a Faridabad, Haryana–based maker of two-wheeler helmets and motorcycle accessories. It designs, manufactures, markets, and sells helmets under the “Studds” and “SMK” brands, with other accessories sold under “Studds.”
Its range includes helmets, two-wheeler luggage, gloves, helmet locks/guards, rain suits, riding jackets, and eyewear. The company sells across India and exports to 70+ countries in the Americas, Europe, and Asia (outside India). It also manufactures helmets for Jay Squared LLC (sold as “Daytona” in the U.S.) and for O’Neal (supplied to Europe, the U.S., and Australia).
Studds operates four plants in Faridabad: Facilities II, III, and IV are on company-owned land, while Facility I is partly owned and partly leasehold. As of August 31, 2025, the company had 19,258 SKUs and over 240 designs, about 80 under SMK and more than 160 under Studds. In FY2025, it sold 7.40 million helmets, and its R&D team comprises 75 members.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
Studds Accessories Limited: Financial Performance
Studds Accessories Limited’s key financials for different periods are as follows:
| Particulars (in ₹ Cr) | FY25 | FY24 | YoY Change |
|---|---|---|---|
| Total Income | 596 | 536 | 11% |
| Profit After Tax | 70 | 57 | 22% |
| EBITDA | 105 | 90 | 16% |
| Net Worth | 449 | 387 | 16% |
| Assets | 557 | 486 | 15% |
| Total Borrowings | 3 | 1 | 377% |
- In FY25, Studds Accessories Limited reported a total income of ₹596 crores, marking an 11% year-on-year growth as the company continued to expand its market reach.
- Profit after tax climbed to ₹70 crores (up 22% YoY), reflecting stronger profitability and operational efficiency.
- EBITDA rose 16% to ₹105 crores, supported by healthy margins and cost control.
- The company’s net worth increased 16% to ₹449 crores, underlining its robust financial position.
- Total assets stood at ₹557 crores, indicating sustained business growth and investment in capacity.
- The total borrowings increased to ₹3 crores in FY25, a sharp 377% jump from the last financial year.
Studds Accessories IPO Peer Comparison
Here is the peer comparison table for Studds Accessories Limited with its peers:
| Company Name (FY24) | Income (₹ Cr) | ROE (%) | ROCE (%) |
|---|---|---|---|
| Studds Accessories Ltd. | 536 | 14.77% | 18.98% |
| Vega Auto Accessories Pvt. Ltd. | 482 | 16.15% | 20.88% |
| Steelbird Hi-Tech India Ltd. | 212 | 29.11% | 36.72% |
- Income: Studds Accessories earned the total income of ₹536 crores in FY24, which is higher than its peers, Vega and Steelbird.
- ROE: Studds has a healthy ROE of 14.77%, though it is behind Vega and Steelbird.
- ROCE: It has a strong ROCE of 18.98%, but peers like Vega and Steelbird manage better returns on capital.
Studds Accessories IPO Risk Factors
Studds Accessories IPO GMP is ₹55 as of October 28, 2025 (at 14:54). It is expected to list at a 9.40% gain at a price of ₹640. However, GMP is not a safe or assured criterion to bid for an IPO. It is important to do your own analysis before investing in any IPO.
Studds Accessories IPO is exposed to various risk factors that can eventually affect its business and investors’ perception:
- Revenue concentration & demand swings: Over 90% of revenue comes from two-wheeler helmets. A slowdown in motorcycle sales or lower orders from OEMs and government buyers (together over 15%) could hurt sales, cash flows, and profitability.
- Operations & supply chain: The business depends on smooth plant operations and steady raw-material supply from a limited vendor base (40+ suppliers). Any disruption, price volatility, or shortage could impact production and margins.
- Regulatory, IP, brand & innovation: If the company fails to protect brand equity (Studds, SMK), safeguard intellectual property, complete required filings (e.g., FC-GPR for NRI transactions), or keep products aligned with customer preferences, it could face penalties, reputational damage, and loss of market relevance.
For all the insights on Studds Accessories IPO and detailed expert advice, you can download the SMC ACE App or visit the SMC telegram channels. Take smart decisions and apply for the Studds Accessories IPO easily on the SMC ACE Apply by opening free demat account now.
Frequently Asked Questions – FAQs
1. When is the Studds Accessories IPO and where will it list?
Studds Accessories will IPO open on October 30, 2025 and close on November 3, 2025. Allotment is expected on November 4, 2025, with a tentative listing on BSE and NSE on November 7, 2025.
2. What is the price band, lot size, and minimum investment?
The price band is ₹557–₹585 per share. The lot size is 25 shares. The minimum retail application is 1 lot (25 shares) costing ₹14,625 at the cap price.
The IPO comprises a total of 77.86 lakh shares, amounting to ₹455.49 crores. The issue is structured with up to 50% reserved for QIBs, at least 15% for Non-Institutional Investors (NIIs), and a minimum of 35% for retail investors.
4. How will the IPO proceeds be used?
As it is an offer for sale, all the IPO proceeds raised from the market will go to the selling shareholders. This means that the company will get the listing advantage but cannot use the money for growth purposes.
References:
https://www.studds.com/Adminpanel/uploads/templates/Studds-Accessories-Limited-Red-Herring-Prospectus.pdf
https://www.investorgain.com/gmp/studds-accessories-ipo-gmp/1508/
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
