Studds Accessories Ltd IPO Details

Introduction

Studds Accessories Ltd., India’s market leader in helmets and motorcycle accessories, is opening its highly anticipated IPO from October 30 to November 3, 2025. Since 1975, Studds has set industry benchmarks in quality, safety, and innovation, equipping millions of Indian and global riders with certified protection and style. With exports to over 70 countries and a lineup that blends mass-market offerings under the “Studds” brand with the aspirational “SMK” range, Studds is riding a wave of growing road safety awareness and two-wheeler adoption in India and internationally.

IPO Highlights

• Total Issue Size: About ₹455 crore (77.86 lakh shares), 100% Offer for Sale—no fresh issue (all proceeds to selling shareholders)
• Price Band: ₹557–₹585 per share
• Lot Size: 25 shares (minimum investment ₹14,625 at upper band)
• Subscription Period: October 30 – November 3, 2025
• Listing Date: November 7, 2025 (BSE, NSE)
• Promoters Selling: Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, Shilpa Arora
• Public Shareholding Pre-IPO: 21.2%
• Lead Managers: IIFL Capital Services, ICICI Securities
• Registrar: MUFG Intime India.

Brand & Market Overview

Studds is Asia’s largest helmet manufacturer and a world leader in two-wheeler accessories. Operating four advanced manufacturing plants in Faridabad, Haryana, the company’s diverse portfolio goes far beyond helmets—luggage, gloves, jackets, rain suits, eyewear, and helmet locks. Its products cater to both mass and premium customers (SMK for premium, Studds for mass/mid-market), and the brand is a top exporter for global names like Daytona (US) and O’Neal (EU, US, Australia).

• Annual helmet capacity: millions per year
• Network: Strong pan-India branding and retail reach; distributors across all major two-wheeler markets
• Employees: 3,000+
• Global reach: Over 70 export countries

Company Financials

Studds Accessories Ltd. Financial Information

Studds Accessories Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended	30 Jun 2025	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	586.61	556.71	485.56	461.07
Total Income	152.01	595.89	535.84	506.48
Profit After Tax	20.25	69.64	57.23	33.15
EBITDA	30.26	104.84	90.19	60.05
NET Worth	469.77	449.48	387.41	338.02
Reserves and Surplus	450.09	429.80	377.57	328.18
Total Borrowing	2.91	2.91	0.61	30.58
Amount in ₹ Crore

 

Objects of the Issue:-

Achieve the benefits of listing the Equity Shares on the Stock Exchanges

Key Performance Indicator (KPI)

The market capitalization of Studds Accessories IPO is ₹2302.17 Cr.

KPI as of Mon, Mar 31, 2025.

KPI	Values
ROE	16.64%
ROCE	20.25%
Debt/Equity	-0.07
RoNW	15.49%
PAT Margin	11.93%
EBITDA Margin	17.96%
Price to Book Value	5.12
Market Capitalization	2302.17

 

Offer Highlights

• Revenue: Approx. ₹620 crore (FY25 projected)
• Operating Margin: Consistently 13–16%
• PAT (FY24): ~₹58 crore
• Market Cap: ₹2,300 crore (estimated at upper band)
• GMP: Trading with moderate premium pre-listing, signaling healthy demand.

Competitive Strengths

• Pioneer in certified, innovative, and affordable helmets; trusted by Indian customers for five decades
• Four large manufacturing facilities, robust supply chain and vendor ecosystem
• Export credibility—supplying helmets to renowned international OEM brands
• Investment in R&D and ergonomic, safety, and style features
• Expanding accessories footprint beyond helmets, tapping evolving rider needs

Risks

• 100% Offer for Sale (no fresh funds for business growth)
• Dependence on materials (ABS, polycarbonates) subject to price swings
• Intense competition from local and international helmet/accessory brands
• Regulatory changes in safety standards or automotive sector could impact sales

 

How To Apply for the Online?

• Login or Open demat account withJM Financial Services/JM PRO app:Open theJM PRO apporJM Financial Services websiteand log in with your credentials .

• Locate the IPO Section: Navigate to the 'IPO' section on the platform.

• Select IPO: Find and select the IPO from the list of open IPOs.

• Enter the Lot Size: Specify the number of lots you want to bid for.

• Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.

• Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of IPO?

Steps to check IPO allotment status on JM Pro app:

• Log in to theJM Proapp .

• Go to the IPO Section and then to IPO Orders.

• Select the individual IPO that you had applied for and check the allotment status.

JM Financial Services will notify you of your IPO allotment status via push notification and email

FAQs

Q: What is the IPO timeline and price band for Studds Accessories Ltd?
A: October 30–November 3, 2025; price band is ₹557–₹585 per share.

Q: Who are Studds’s main customers?
A: Indian two-wheeler riders, international distributors, and major overseas OEMs for brands like Daytona, O’Neal.

Q: Will Studds receive any IPO funds?
A: No; this IPO is a pure Offer for Sale. All proceeds go to selling shareholders.

Q: Which product segments drive business?
A: Helmets are the core revenue driver, followed by new sales in premium helmets (SMK) and accessories. ​

Q: Where are Studds’s factories?
A: Four major plants in Faridabad, Haryana, with integrated R&D and design centres.

Q: What is the minimum lot size and investment?
A: 25 shares per lot, minimum investment ~₹14,625 at the upper price band.