Last updated on November 8th, 2025 at 11:21 am
Studds Accessories Limited is one of India’s leading manufacturers of two-wheeler helmets (under the “Studds” and “SMK” brands) it also produces two-wheeler lifestyle accessories. It also has export network to 70+ countries globally.
Studds Accessories Limited is planning to raise around ₹ 455.49 crore via IPO. Here are the details about IPO size, price band, grey market premium (GMP), financials, strengths & risks.
Grey market premium of Studds as of 30th Oct’25 is ₹ 67.
Check Studds IPO allotment status
Subscription date to apply for Studds Accessories Limited starts from 30th Oct – 3rd Nov’25.
Price band for the IPO is in the range ₹557 – ₹ 585 per share.
Studds Accessories Limited IPO Grey market premium today
| Date | IPO Price | IPO GMP | GMP Trend | Estimated listing | Estimated profit per lot |
| 06-Nov | ₹ 557- 585 | ₹ 67 | Positive | ₹ 652 | ₹ 1675 |
| 05-Nov | ₹ 557- 585 | ₹ 67 | Positive | ₹ 652 | ₹ 1675 |
| 04-Nov | ₹ 557- 585 | ₹ 70 | Positive | ₹ 655 | ₹ 1750 |
| 03-Nov | ₹ 557- 585 | ₹ 65 | Positive | ₹ 650 | ₹ 1,625 |
| 02-Nov | ₹ 557- 585 | ₹ 68 | Positive | ₹ 653 | ₹ 1700 |
| 01-Nov | ₹ 557- 585 | ₹ 70 | Positive | ₹ 655 | ₹ 1750 |
| 31-Oct | ₹ 557- 585 | ₹ 70 | Positive | ₹ 655 | ₹ 1750 |
| 30-Oct | ₹ 557- 585 | ₹ 54 | Positive | ₹ 639 | ₹ 1350 |
| 29-Oct | ₹ 557- 585 | ₹ 54 | Positive | ₹ 639 | ₹ 1350 |
| 28-Oct | ₹ 557- 585 | ₹ 65 | Positive | ₹ 650 | ₹ 1625 |
| 27-Oct | ₹ 557- 585 | ₹ 75 | Positive | ₹ 660 | ₹ 1875 |
Revenue, PAT, EBITDA of Studds Accessories Limited
| Year | 2025 |
| Networth | ~ 338 Cr |
| Revenue: | ~ ₹ 583 Cr |
| EBITDA | ~ ₹ 117 Cr |
| PAT | ~ ₹ 69.7 Cr |
| EBITDA Margin: | 20% |
| PAT Margin | 11.9% |
Studds Accessories Limited Financials (Consolidated Figures)
| Year (Approx Values) | Revenue (₹ Cr) | Profit (₹ Cr) | Assets (₹ Cr) | Net Worth (₹ Cr) |
| 2023 | ₹ 499.1 | ₹ 33.0 | ₹ 461 | ₹ 338.0 |
| 2024 | ₹ 529.0 | ₹ 57.3 | ₹ 485 | ₹ 387.0 |
| 2025 | ₹ 583.8 | ₹ 69.7 | ₹ 557 | ₹ 450.0 |
Studds Accessories Limited IPO Pros & Cons
Strengths:
- Market Leadership in Helmets – It is the largest manufacturer of two-wheeler helmets in India with around 25–27% domestic market share.
- Strong Global Presence – It exports to 70+ countries across Asia, Europe, Africa, and Latin America
- Steady Financial Growth year on year.
- Improving Net Worth and Balance Sheet – from ₹338 Cr in FY23 to ₹387 Cr in FY24 to ₹450 Cr in FY25
- Expanding Manufacturing Capacity & Product Diversification with brand like Studds & SMK for both regular & premium customers.
Risks:
- Pure Offer for Sale (OFS) – No Fresh Funds signifying no fund used for growth.
- Dependence limited to Two-Wheeler Market.
- Fierce competition from local and global brands like Steelbird, Vega, Axor.
- Regulatory & Certification Risks – this industry is subject to changing BIS, ECE, and DOT safety standards, and change in safety protocols may add up cost or delay production
- Export Dependence & Forex Exposure – ~30% of revenue comes from exports any fluctuations in global trade or currency rates or global issues may impact business.
Studds Accessories Limited : IPO date & invest detail
| IPO Open Date: | 30 October 2025 |
| IPO Close Date: | 03 November 2025 |
| Anchor Investor Bidding | 29 October 2025 |
| IPO Allotment Date: | 04 November 2025 |
| Refunds & Demat Credit | 05 November 2025 |
| Tentative Listing Date: | 07-Nov’25 |
| IPO Category | Mainboard |
| Symbol | – |
| Face Value: | Rs.05 per Equity Share |
| Issue Size: | ~ ₹ 455.49 Crore |
| Lot Size: | 25 |
Studds Accessories Limited IPO Composition & Proceeds
| Fresh Issue: | Nil |
| Offer for Sale: | ₹ 455.49 (77,86,120 Crore Shares) |
| Employee reservation | – |
| Price Range | ₹ 557- 585 |
| Use of Proceeds: | No utilization |
| Repayment of borrowings | Nil |
| Subsidiary Investment (Growth) | Nil |
| Marketing & Promotions | Nil |
| General Corporate Use | Nil |
| IPO Listing on: | NSE & BSE |
| Retail Quota: | ≥ 35% |
| QIB Quota: | ≥ 35% |
| NII Quota: | ≥ 15% |
Studds Accessories Limited Lot Size details
| Application Type | Lot Size | No. of Lots | No. of Shares | Investment Amount |
| Retail(Min) | 25 | 1 | 25 | ₹ 14,625 |
| Retail (Max) | 25 | 13 | 325 | ₹ 1,90,125 |
| Small HNI (Min) | 25 | 14 | 350 | ₹ 2,04,750 |
| Small HNI (Max) | 25 | 66 | 1,650 | ₹ 9,65,250 |
| Big HNI (Min) | 25 | 67 | 1,675 | ₹ 9,79,875 |
Core Offerings of Studds Accessories Limited
Studds Accessories Limited specialises as leading manufacturer in two-wheeler helmets, accessories such as luggage, gloves, helmet security guards, rain suits, eyewear.
No. of Stores/Studds Accessories Limited ‘s customer reach/market share
Available in India and in more than 70 countries globally. It has deep market penetration across India and is widely available at almost all two-wheeler accessories shop.
Studd’s market share in India ia ~27.3% by volume and ~25.5% by value making it India’s largest two-wheeler accessories brand.
Studds Accessories Limited Promoters – Pre offer equity (Approx)
| Madhu Bhushan Khurana | 55.23% |
| Sidhartha Bhushan Khurana | 14.46% |
| Chand Khurana | 8.35% |
Lead Managers / Registrars of Studds Accessories Limited
| Lead / Book Running Lead Managers | IIFL Capital Services Limited, ICICI Securities Limited |
| Registrar (RTA) | MUFG Intime India Private Limited |
Founding Year of Studds & Managing Director
Studds Accessories Limited was commenced in the year 1983.
Mr. Madhu Bhushan Khurana is currently the MD & CEO of the company.
Studds Accessories Limited FAQ
When will the IPO open & close?
The IPO Opens on 30th Oct’25 & closes on 3rd Nov’25
What is the face value of the shares?
The face value is ₹ 5 per share.
What will the company use the IPO proceeds for?
This is a pure Offer for Sale (OFS) so all the money will go to promoters selling their shares.
Who are the lead managers and registrar?
Lead Managers are IIFL Capital Services Limited, ICICI Securities Limited
Which exchanges will it list on?
The IPO is planned for mainboard listing on BSE & NSE (exact symbol to be announced)
What is the business model?
Studds Accessories Limited specialises as manufacturer in two-wheeler helmets, accessories such as luggage, gloves, helmet security guards, rain suits, eyewear.
What is the issue size?
Offer for Sale of up to 7,786,120 equity shares.
When is the tentative listing date?
Expected listing date is by 10th Nov’25.
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For further information you can visit official website of Studds Accessories Limited