Studds Accessories IPO ends with subscription of 73.25 times
The Qualified Institutional Buyers (QIB) category was subscribed 159.99 times, the Non-Institutional Investors category was subscribed 76.99 times and the Retail Individual Investors category was subscribed 22.09 times.
The issue opened for bidding on 30 October 2025 and it closed on 3 November 2025. The price band of the IPO is fixed between Rs 557 and 585 per share.
The IPO is an offer for sale of 77,86,120 equity shares aggregating up to Rs 455.49 crore by existing shareholders, including Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, Chand Khurana, among others.
The promoters were Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Shilpa Arora. The promoters and promoter group held an aggregate of 3,10,02,320 equity shares, representing 78.78% of the pre-offer issued and paid-up equity share capital. Their post-IPO shareholding was expected to be around 61.75%.
Studds Accessories is a manufacturer of two-wheeler helmets and motorcycle accessories based in Faridabad, Haryana, India. The company designs, manufactures, markets, and sells helmets under the ?Studds?and ?SMK? brands, while other accessories such as two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear are sold under ?Studds? brand.
The company sells its products across India and exports to over70 countries, including markets in the Americas, Asia (excluding India), Europe, and other regions.
The Studds brand, established in 1975, serves the mass and mid-market segments in India and certain countries in Asia, Latin America, Central America, and Africa. As of August 31, 2025, two-wheeler helmets under the Studds brand are priced between Rs 875 and Rs 4,000 in India.
The SMK brand, launched in 2016, caters to the premium motorcycle segment in India and the mid-market segment in Europe. SMK helmets are sold in India at prices ranging from Rs 3,000 to Rs 12,800.
In Q1 FY26, the Distributor Network and EBO contributed 54.98% to total sales, OEMs 11.81%, E-commerce 4.75%, Government channels 3.95%, Exports 22.22%, and Others 2.29%.
Ahead of the IPO, Studds Accessories, on 29 October 2025, raised Rs 136.64 crore from anchor investors. The board allotted 23.35 lakh shares at Rs 585 each to 10 anchor investors.
The firm reported a consolidated net profit of Rs 20.25 crore and sales of Rs 149.18 crore for the three months ended on 30th June 2025.
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