Studds Accessories IPO
- Issue price
- ₹585
- Listing price
- ₹565
- -3.42%
- Current price
- ₹399.85
- -31.65%
- Subscribed
- 73.25x
- Issue size
- ₹455.49 Cr
- Listed on
- 7 Nov 2025
IPO timeline
- Opens30 OctThu
- Closes3 NovMon
- Allotment4 NovTue
- Refunds6 NovThu
- Demat credit6 NovThu
- Listing7 NovFri
Issue details
- Price band
- ₹585 per share
- Issue size
- ₹455.49 Cr
- Fresh issue
- None
- Offer for sale
- ₹455.49 Cr
- Issue type
- OFS only
- Face value
- ₹5 per share
- Lot size
- 25 shares
- Minimum investment
- ₹14,625
- Listing on
- BSE, NSE
- Exchange code
- STUDDS · 7417
Lot size and investment
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹1,90,125 |
| S-HNI (Min) | 14 | 350 | ₹2,04,750 |
| B-HNI (Min) | 69 | 1,725 | ₹10,09,125 |
Reservation
- QIB
- 38,93,060 shares (50.00% of the Offer)
- NII
- 11,67,918 shares (15.00% of the Offer)
- Retail
- 27,25,142 shares (35.00% of the Offer)
Allotment status
The allotment for this IPO is final. Check whether you received shares on the registrar's website using your PAN, application number or demat account (DP / Client ID).
Check allotment on MUFG Intime India- 1Open the registrar's allotment page and select this IPO from the list.
- 2Enter your PAN, application number or DP / Client ID.
- 3Submit to see the number of shares allotted, if any.
- Basis of allotment
- 4 Nov 2025
- Refunds initiated
- 6 Nov 2025
- Shares credited to demat
- 6 Nov 2025
- Listing
- 7 Nov 2025
Grey market premium (GMP)
No grey market data is available for this issue.
GMP is an unofficial indicator from an unregulated market. It is shown for information only and is not a prediction of the listing price or a recommendation to apply.
Subscription status
- QIB159.99x
- NII (HNI)76.99x
- Retail22.09x
| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| Qualified Institutional Buyers (QIB) | 15,57,224 | 24,91,37,550 | 159.99x |
| Non-Institutional Investors (NII) | 11,67,918 | 8,99,13,100 | 76.99x |
| bNII — bids above ₹10 Lakh | 7,78,612 | 6,46,89,850 | 83.08x |
| sNII — bids ₹2 Lakh to ₹10 Lakh | 3,89,306 | 2,52,23,250 | 64.79x |
| Retail Individual Investors (RII) | 27,25,142 | 6,01,85,500 | 22.09x |
| Total | 54,50,284 | 39,92,36,150 | 73.25x |
Financials
- P/E (pre-issue)
- 28.42
- P/E (post-issue)
- 28.42
- EPS (₹)
- 20.58
- RoCE
- 20.25
- RoNW
- 15.49
- PAT Margin
- 11.93
Pre-issue P/E uses the shares outstanding before the IPO; post-issue P/E includes the new shares. Calculated by Be IPO Ready at the issue price on profit for the period ended 30 Jun 2025, annualised.
| Period ended | 30 Jun 2025 | 31 Mar 2025 | 30 Jun 2024 |
|---|---|---|---|
| Revenue | 152.01 | 595.89 | 535.84 |
| OPM % | 17.96 | ||
| EBITDA | 30.26 | 104.84 | 90.19 |
| Net Profit | 20.25 | 69.64 | 57.23 |
| Debt | 2.91 | 2.91 | 0.61 |
| Assets | 586.61 | 556.71 | 485.56 |
Peer comparison
| Company | Issue size | P/E | RoNW | PAT margin | Subscribed | Listing gain |
|---|---|---|---|---|---|---|
| Studds Accessories This IPO | ₹455.49 Cr | 28.43 | 15.49% | 11.93% | 73.25x | -3.42% |
| Hero Motors Mainboard · listed 23 Sep 2026 | ₹1,000 Cr | 92.31 | 8.53% | 3.46% | 6.66x | -2.38% |
| SEDEMAC Mechatronics Mainboard · listed 11 Mar 2026 | ₹1,087.45 Cr | 125.69 | 15.48% | 7.15% | 2.68x | +13.54% |
| Adroit Industries (India) Mainboard · listed 30 Sep 2026 | ₹150.71 Cr | 22.95 | 18.94% | 13.55% | 176.85x | +75.37% |
| Dhoot Transmission Mainboard · listed 17 Aug 2026 | ₹3,066.89 Cr | 44.9 | 16.55% | 8.70% | 74.21x | +37.77% |
| Tenneco Clean Air India Mainboard · listed 19 Nov 2025 | ₹3,600 Cr | 23.83 | 46.65% | 11.31% | 58.83x | +27.20% |
| Om Galaxy SME · listed 18 Sep 2026 | ₹105 Cr | 18.33 | 22.13% | 13.42% | 2x | +0.22% |
Peers are other recent IPOs from the same industry, closest in issue size. Ratios are as disclosed at the time of each issue. This is not the listed-peer table from the offer document.
About Studds Accessories
Studds Accessories Limited is one of India’s leading manufacturers of two-wheeler helmets and riding accessories. The company was established in the 1970s and has built a strong presence in both domestic and international markets over the decades. Promoted by the Suri family, particularly S.M. Suri, the company has focused on safety, quality, and innovation to grow its brand. Studds operates multiple manufacturing facilities in India and exports its products to over 70 countries, making it a globally recognized name in helmet manufacturing. The company offers a wide range of products including full-face helmets, open-face helmets, flip-up helmets, as well as two-wheeler accessories like gloves, rain suits, and luggage solutions. Its business model is primarily B2B and B2C, supplying products through a strong distribution network of dealers, retailers, and online platforms. Studds focuses on affordable pricing combined with certified safety standards, which helps it cater to a wide customer base. Continuous product innovation and brand building have enabled the company to maintain a competitive edge in the growing two-wheeler safety segment.
Objects of the issue
Promoters and shareholding
Madhu Bhushan Khurana, Shilpa Arora, Sidhartha Bhushan Khurana
- Shares outstanding, pre-issue
- 3,93,53,400
- Shares outstanding, post-issue
- 3,93,53,400
Registrar, lead managers and documents
Lead managers
Company contact
Plot No. 918, Sector 68, IMT Faridabad, Haryana, 121004
+91 129429 6500
secretarial@studds.comStudds Accessories IPO: common questions
When does the Studds Accessories IPO open and close?
The Studds Accessories IPO opens on 30 Oct 2025 and closes on 3 Nov 2025.
What is the price band of the Studds Accessories IPO?
The price band is ₹585 per share, with a lot size of 25 shares and a minimum investment of ₹14,625.
What is the size of the Studds Accessories IPO?
The issue size is ₹455.49 Cr (OFS only).
When is the Studds Accessories IPO allotment?
The basis of allotment is expected on 4 Nov 2025. Allotment status can be checked with the registrar, MUFG Intime India Private Limited.
When will the Studds Accessories IPO list?
The shares listed on 7 Nov 2025 on BSE, NSE.
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