Studds Accessories IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Oct 30 to Nov 03 2025
Price Band
₹557 - 585
Current GMP
₹565 (-3.42%)
Subscription
73.25 times
IPO Details
| IPO Date | October 30, 2025 to November 3, 2025 |
| Listing Date | November 7, 2025 |
| Face Value | ₹5 per share |
| Issue Price Band | ₹557 to ₹585 per share |
| Issue Price Final | ₹585 per share |
| Lot Size | 25 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 77,86,120 shares (aggregating up to ₹455.49 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,93,53,400 shares |
| Share Holding Post Issue | 3,93,53,400 shares |
IPO Date
October 30, 2025 to November 3, 2025
Listing Date
November 7, 2025
Face Value
₹5 per share
Issue Price Band
₹557 to ₹585 per share
Issue Price Final
₹585 per share
Lot Size
25 Shares
Sale Type
Offer For Sale
Total Issue Size
77,86,120 shares (aggregating up to ₹455.49 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Share Holding Pre Issue
3,93,53,400 shares
Share Holding Post Issue
3,93,53,400 shares
IPO Subscription Details
| Anchor Investors | 1 |
| QIB (Ex Anchor) | 159.99 |
| Non-Institutional Buyers | 76.99 |
| bNII (bids above ₹10L) | 83.08 |
| sNII (bids below ₹10L) | 64.79 |
| Retail Investors | 22.08 |
| Total ** | 73.25 |
Anchor Investors
1
QIB (Ex Anchor)
159.99
Non-Institutional Buyers
76.99
bNII (bids above ₹10L)
83.08
sNII (bids below ₹10L)
64.79
Retail Investors
22.08
Total **
73.25
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Day 1 Oct 30, 2025 | 0.02 | 2.14 | 1.70 | 3.03 | 2.16 | 1.55 |
| Day 2 Oct 31, 2025 | 0.04 | 9.62 | 8.33 | 12.19 | 6.03 | 5.08 |
| Day 3 Nov 3, 2025 | 159.99 | 76.99 | 83.08 | 64.79 | 22.08 | 73.25 |
DayDay 1
Oct 30, 2025
QIB (Ex Anchor)0.02
NII2.14
NII (> ₹10L)1.70
NII (< ₹10L)3.03
Retail2.16
Total1.55
DayDay 2
Oct 31, 2025
QIB (Ex Anchor)0.04
NII9.62
NII (> ₹10L)8.33
NII (< ₹10L)12.19
Retail6.03
Total5.08
DayDay 3
Nov 3, 2025
QIB (Ex Anchor)159.99
NII76.99
NII (> ₹10L)83.08
NII (< ₹10L)64.79
Retail22.08
Total73.25
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 07-11-2025 | 585.00 | 35(5.98%) | 620 |
| 06-11-2025 | 585.00 | 45(7.69%) | 630 |
| 05-11-2025 | 585.00 | 63(10.77%) | 648 |
| 04-11-2025 | 585.00 | 67(11.45%) | 652 |
| 03-11-2025 | 585.00 | 70(11.97%) | 655 |
| 01-11-2025 | 585.00 | 67(11.45%) | 652 |
| 31-10-2025 | 585.00 | 67(11.45%) | 652 |
| 30-10-2025 | 585.00 | 63(10.77%) | 648 |
| 29-10-2025 | 585.00 | 53(9.06%) | 638 |
| 28-10-2025 | 585.00 | 55(9.40%) | 640 |
| 27-10-2025 | 585.00 | 55(9.40%) | 640 |
| 26-10-2025 | 0 | 85(0.00%) | 85 |
Date07-11-2025
Price585.00
GMP35(5.98%)
Estimate List Price620
Date06-11-2025
Price585.00
GMP45(7.69%)
Estimate List Price630
Date05-11-2025
Price585.00
GMP63(10.77%)
Estimate List Price648
Date04-11-2025
Price585.00
GMP67(11.45%)
Estimate List Price652
Date03-11-2025
Price585.00
GMP70(11.97%)
Estimate List Price655
Date01-11-2025
Price585.00
GMP67(11.45%)
Estimate List Price652
Date31-10-2025
Price585.00
GMP67(11.45%)
Estimate List Price652
Date30-10-2025
Price585.00
GMP63(10.77%)
Estimate List Price648
Date29-10-2025
Price585.00
GMP53(9.06%)
Estimate List Price638
Date28-10-2025
Price585.00
GMP55(9.40%)
Estimate List Price640
Date27-10-2025
Price585.00
GMP55(9.40%)
Estimate List Price640
Date26-10-2025
Price0
GMP85(0.00%)
Estimate List Price85
IPO Important Dates
| IPO Open Date | Thu, Oct 30, 2025 |
| IPO Close Date | Mon, Nov 3, 2025 |
| Tentative Allotment | Tue, Nov 4, 2025 |
| Initiation of Refunds | Thu, Nov 6, 2025 |
| Credit of Shares to Demat | Thu, Nov 6, 2025 |
| Tentative Listing Date | Fri, Nov 7, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 3, 2025 |
IPO Open Date
Thu, Oct 30, 2025
IPO Close Date
Mon, Nov 3, 2025
Tentative Allotment
Tue, Nov 4, 2025
Initiation of Refunds
Thu, Nov 6, 2025
Credit of Shares to Demat
Thu, Nov 6, 2025
Tentative Listing Date
Fri, Nov 7, 2025
Cut-off time for UPI mandate confirmation
5 PM on Mon, Nov 3, 2025
IPO Lot Size
| 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 |
| S-HNI (Max) | 68 | 1,700 | ₹9,94,500 |
| B-HNI (Min) | 69 | 1,725 | ₹10,09,125 |
ApplicationRetail (Min)
Lots1
Shares25
Amount₹14,625
ApplicationRetail (Max)
Lots13
Shares325
Amount₹1,90,125
ApplicationS-HNI (Min)
Lots14
Shares350
Amount₹2,04,750
ApplicationS-HNI (Max)
Lots68
Shares1,700
Amount₹9,94,500
ApplicationB-HNI (Min)
Lots69
Shares1,725
Amount₹10,09,125
Financial Information
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 |
| Assets | 586.61 | 556.71 | 485.56 |
| Total Income | 152.01 | 595.89 | 535.84 |
| Profit After Tax | 20.25 | 69.64 | 57.23 |
| EBITDA | 30.26 | 104.84 | 90.19 |
| NET Worth | 469.77 | 449.48 | 387.41 |
| Reserves and Surplus | 450.09 | 429.80 | 377.57 |
| Total Borrowing | 2.91 | 2.91 | 0.61 |
Period EndedPeriod Ended
30 Jun 202530 Jun 2025
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
Period EndedAssets
30 Jun 2025586.61
31 Mar 2025556.71
31 Mar 2024485.56
Period EndedTotal Income
30 Jun 2025152.01
31 Mar 2025595.89
31 Mar 2024535.84
Period EndedProfit After Tax
30 Jun 202520.25
31 Mar 202569.64
31 Mar 202457.23
Period EndedEBITDA
30 Jun 202530.26
31 Mar 2025104.84
31 Mar 202490.19
Period EndedNET Worth
30 Jun 2025469.77
31 Mar 2025449.48
31 Mar 2024387.41
Period EndedReserves and Surplus
30 Jun 2025450.09
31 Mar 2025429.80
31 Mar 2024377.57
Period EndedTotal Borrowing
30 Jun 20252.91
31 Mar 20252.91
31 Mar 20240.61
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 38,93,060 (50.00%) | NA |
| − Anchor Investor Shares Offered | 23,35,836 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 15,57,224 (20.00%) | NA |
| NII (HNI) Shares Offered | 11,67,918 (15.00%) | NA |
| − bNII > ₹10L | 7,78,612 (10.00%) | 2,224 |
| − sNII < ₹10L | 3,89,306 (5.00%) | 1,112 |
| Retail Shares Offered | 27,25,142 (35.00%) | 1,09,005 |
| Total Shares Offered | 77,86,120 (100.00%) |
Investor CategoryQIB Shares Offered
Shares Offered38,93,060 (50.00%)
Maximum AllotteesNA
Investor Category− Anchor Investor Shares Offered
Shares Offered23,35,836 (30.00%)
Maximum AllotteesNA
Investor Category− QIB (Ex. Anchor) Shares Offered
Shares Offered15,57,224 (20.00%)
Maximum AllotteesNA
Investor CategoryNII (HNI) Shares Offered
Shares Offered11,67,918 (15.00%)
Maximum AllotteesNA
Investor Category− bNII > ₹10L
Shares Offered7,78,612 (10.00%)
Maximum Allottees2,224
Investor Category− sNII < ₹10L
Shares Offered3,89,306 (5.00%)
Maximum Allottees1,112
Investor CategoryRetail Shares Offered
Shares Offered27,25,142 (35.00%)
Maximum Allottees1,09,005
Investor CategoryTotal Shares Offered
Shares Offered77,86,120 (100.00%)
Maximum Allottees
Information about company
Incorporated in 1975 and established in 1983, Studds Accessories Limited 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 are sold under the “Studds” brand.
Product Portfolio
Helmets, Two-wheeler luggage, Gloves, Helmet security guards, Rain suits, Riding jackets and Eyewear.
Market Presence
Studds Accessories Limited distributes its products across India and exports to over 70 countries, including markets in the Americas, Asia (excluding India), Europe, and other regions. Additionally, the company manufactures helmets for:
Jay Squared LLC – Sold under the “Daytona” brand in the United States.
O’Neal – Supplied to markets in Europe, the United States, and Australia.
Manufacturing Facilities
The company operates four manufacturing facilities in Faridabad, India:
Manufacturing Facility II, III, and IV – Situated on company-owned land.
Manufacturing Facility I – Partially owned, partially leasehold.
Key Figures
As of August 31, 2025, it has 19,258 SKUs across product categories.
As of August 31, 2025, it offers over 240 different designs across our product categories, including 80 designs under the SMK brand and more than 160 designs under the Studds
brand.
7.40 million helmets sold in Fiscal 2025.
Its R& D team has 75 members
Objectives of IPO
The Company Studds Accessories IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (₹ in crores)
1
Achieve the benefits of listing the Equity Shares on the Stock Exchanges
Disclaimer
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