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HomeIPOStudds Accessories

About Studds Accessories

Registered in 1975 and incorporated in 1983, Studds Accessories Limited is a two-wheeler helmet manufacturer and motorcycle accessory company headquartered in Faridabad, Haryana, India. The company produces, manufactures, markets, and sells helmets with the brands 'Studds' and 'SMK' and all other accessories under the brand 'Studds'.Product Portfolio:Helmets, Two-wheeler luggage, Gloves, Helmet security guards, Rain suits, Riding jackets and Eyewear.Market Presence:Studds Accessories Limited markets its products in India and exports to more than 70 countries, including markets in the America region, Asia (apart from India), Europe, and other regions. The company also produces helmets for:Jay Squared LLC – Markets under the 'Daytona' brand in the United States.O'Neal – Distributed to European, United States, and Australian markets.It has 19,258 SKUs in product categories as of August 31, 2025.As of 31st August, 2025, it has more than 240 various designs in our product range, comprising 80 SMK designs and over 160 Studds designs.7.40 million helmets sold during Fiscal 2025.Its R& D department has 75 members

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National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
Open  Close17th Sep 2026 - 21st Sep 2026
Issue Size22561.57 Cr
Min. Qty8 Shares
Issue Price₹ 1700.00
Live IPO
Antala Industries logo

Antala Industries

SME
Open  Close29th Oct 2026 - 5th Nov 2026
Issue Size22.98 Cr
Min. Qty2000 Shares
Issue Price₹ 62.00
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Companies NameOpen - CloseIssue SizeMin. QtyIssue PriceApply
National Stock Exchange of India logo

National Stock Exchange of India

Mainboard
17th Sep 2026 - 21st Sep 202622561.57 Cr8 Shares₹ 1700.00
Antala Industries logo

Antala Industries

SME
29th Oct 2026 - 5th Nov 202622.98 Cr2000 Shares₹ 62.00
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Studds Accessories

Studds Accessories

Open Date

30 Oct 2025

Close Date

03 Nov 2025

listed

Min Investment

₹14625

Lot Size

25 Shares

Issue Size

₹455.49 Cr

Price Range

₹557 - ₹585

Listing Date

Nov 7, 2025

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Company Valuation

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The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily.

₹60(+10.26%)GMP
10.26%Prediction Listing Gain

Grey Market Premium (GMP) Trend

Studds Accessories IPO - Issue Objectives

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders. The company want to achieve the benefits of listing its shares on the stock exchanges.

1

Carry out the offer for sale

The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.

2

Listing on stock exchanges

The company want to achieve the benefits of listing its shares on the stock exchanges.

IPO Subscription Status

QIB
159.99x
NII
76.99x
Individual
22.09x
Total
73.25x

Times subscribed by category (bars capped at 10x for readability). Dashed line marks 1.0x (fully subscribed).

Financials of Studds Accessories

In Cr.

Key Performance Indicator30-Jun-25 (In Cr.)31-Mar-25 (In Cr.)31-Mar-24 (In Cr.)31-Mar-23 (In Cr.)
Revenue152.01595.89535.84506.48
EBITDA30.26104.8490.1960.05
Expenses
Profit After Tax20.2569.6457.2333.15
Assets586.61556.71485.56461.07
Net Worth469.77449.48387.41338.02
Reserves450.09429.80377.57328.18
Borrowing2.912.910.6130.58

Studds Accessories - Promoter(s)

Madhu Bhushan Khurana

Sidhartha Bhushan Khurana

Shilpa Arora

Pre Issue Share Holding

78.78%

Post Issue Share Holding

61.76%

About Strength & Risks

Why this IPO looks interesting

Key positives investors may want to consider before applying.

01

Market leader of 2-wheeler helmets

The company is India’s largest 2-wheeler helmet manufacturer by revenue in FY24 and the world’s largest by volume in CY24. With nearly five decades of expertise, the company sold approximately 74 lakhs helmets in FY25, reflecting its dominant market position.

02

Diversified product portfolio

The company offers over 240 helmet designs and 19,258 SKUs as of August 2025, catering to both mass and premium markets. Its brands, Studds and SMK, ensure presence across all market segments and price points. In Q1FY26, the Studds brand contributed 72.22% of helmet sales, while SMK accounted for 18.14%.

03

Advanced manufacturing capabilities

Studds’ vertically integrated operations, from raw material sourcing to final assembly, ensure cost efficiency, quality control, and faster product development. With four manufacturing facilities and a 75-member design team, the company rapidly innovates, reducing design-to-market time to 9 months for Studds and 14 months for SMK. The company also invests in automation of its manufacturing facilities by introducing advanced robotic machinery.

What investors should watch closely

Risk factors and possible pressure points around the offer.

01

Heavy dependence on the 2-wheeler market

The sale of two-wheeler helmets manufactured by the company contributed 92.81% of the total revenue as of June 30, 2025. Any slowdown in domestic or global 2-wheeler demand could directly impact revenue growth and margins. Exports, which formed 19.07% of helmet sales, also depend on compliance with evolving international norms.

02

Geographic concentration of manufacturing facilities

The company has all of its manufacturing facilities in Faridabad, Haryana, with a 5th manufacturing facility under construction in the same region. Any regional risk, such as natural calamity, political instability, or regulatory changes, would impact the business operations.

Contact Details

Studds Accessories

Plot No. 918, Sector 68, IMT Faridabad 121004, Haryana, India Faridabad, Haryana, 121004

+911294296500
secretarial@studds.com
http://www.studds.com/

Registrar Contact Details

MUFG Intime India Pvt.Ltd.

+91-22-4918 6270
studds.ipo@in.mpms.mufg.com
https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Studds Accessories IPO - FAQs

Studds Accessories IPO is a Mainboard IPO. The issue is priced at ₹557-585 per equity share. The minimum order quantity is 25 Shares. The IPO opens on 30 Oct, and closes on 3 Nov. MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.









IPO Timeline

  • Pre Apply2025-10-29
  • Bidding Starts2025-10-30
  • Bidding Ends2025-11-03
  • Allotment Finalisation2025-11-04
  • Release of Funds2025-11-06
  • Demat Transfer2025-11-06
  • Listing2025-11-07
04

Extensive distribution and pan-India presence

The company has a strong distribution network of 363 active distributors across India and exports to 70+ countries. It also supplies helmets to leading OEMs such as Hero MotoCorp, Honda Cars India, Suzuki Motorcycle India, and Yamaha, with OEM sales accounting for 11.81% of total revenue and distributor network contributing 54.98% as of June 30, 2025. Exports formed 22.7% of revenue.

03

Significant raw material expenses

Purchase of raw materials accounted for 49.03% of total expenses as of June 30, 2025. Domestically sourced raw materials contributed 84.02% of expenses, whereas imported raw materials contributed 15.98%. If the company is unable to procure adequate amounts of raw material at competitive prices, its business operations and financial condition may be adversely affected.

04

Dependency on suppliers

The company’s top 10 suppliers accounted for 48.97% of the total cost of raw materials, with the largest supplier contributing 19.15%. Any disruption in their operations or the inability of such suppliers to supply the raw materials may have an adverse effect on the business.

05

Product design and consumer preference risk

The two-wheeler helmet industry is highly sensitive to changing consumer tastes, comfort expectations, and design trends. The company’s top 15 selling helmet models accounted for 73.32% of operations. In the past, products such as ‘Stellar Wings’ were not well received by customers. Any misjudgment in forecasting consumer preferences or delays in launching new designs would impact the business.