Studds Accessories IPO: Check Issue Size, Price Band, Competitors And Other Key Details From RHP

Studds Accessories IPO: Studds Accessories IPO is scheduled to open for subscription on October 30. The two-wheeler helmet manufacturer’s public issue will close for subscription on November 3. Ahead of the opening of the public issue, here’s a look at the trends in the grey market premium (GMP) and some of the key details of the public issue from the Red Herring Prospectus (RHP):

Studds Accessories IPO GMP

Studds Accessories IPO GMP is Rs 55 per share on October 28 according to multiple websites which track the movement of unlisted shares on the grey market. Based on the premium, shares of the two-wheeler helmet maker can list at Rs 640 apiece with potential listing gains of 9.4 per cent.

Studds Accessories IPO: Offer Size, Listing Date, Price Band

Studds Accessories IPO offer size aggregates to Rs 455.49 crore. The motorcycle accessories maker’s issue consists only of an offer-for-sale of 7.8 million shares. Studds Accessories IPO price band has been fixed at Rs 557 to Rs 585 per share. The minimum lot size to apply for Studds Accessories IPO for retail investors has been set at 1 lot consisting of 25 shares aggregating to a minimum investment of Rs 14,625.

The basis of allotment for Studds Accessories IPO is expected to be determined on November 4. Once the share allotment status of Studds Accessories IPO is decided, successful bidders will receive shares of Studds Accessories in their demat accounts on November 6. Studds Accessories shares are likely to list on the BSE and NSE. Studds Accessories IPO listing date is November 7.

Studds Accessories: Key Financials

Studds Accessories Ltd’s total income for the June quarter of FY25 stood at Rs 152.01 crore, the helmet manufacturer’s profit-after-tax stood at Rs 20.25 crore and the company’s net worth stood at Rs 469.77 crore.

Studds Accessories’s total income increased by over 11 per cent to Rs 595.89 crore in the financial year ended March 31, 2025 compared to Rs 535.84 crore in the preceding fiscal. The company’s profit-after-tax for FY 2024-25 stood at Rs 69.64 crore increasing by over 21 per cent compared to a net profit of Rs 57.23 crore in FY 2023-24.

Studds Accessories: Business Model

Studds Accessories Ltd manufactures and markets two wheeler helmets in India. The company claims that it is an established manufacturer with nearly five decades of experience. The company also sells its products through the ‘SMK’ brand. The company’s products are sold in India and 70 other countries as of August 31, 2025.

Apart from two-wheeler helmets the company also makes and markets accessories like two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear. The company stated in its RHP that its key export markets are located across USA, Asia and Europe. The company also makes helmets for Jay Squared LLC, which are sold under the “Daytona” brand in the US and O’Neal in Europe.

Studds Accessories: Competitors

Studds Accessories Ltd mentioned in its RHP that it does not have any listed peers in India with comparable scale of operations, or financial profile. However, the company said that its key competitors in India include Steelbird Hi-Tech India Ltd and Vega Auto Accessories Private Ltd. The company added that the two-wheeler helmet and two-wheeler lifestyle products industry is fragmented thus the company competes with numerous manufacturers present in the unorganized market across the country.

Studds Accessories IPO: Risks and Strengths

Studds Accessories’s business faces these risks as per the company’s RHP:

• Studds Accessories mentioned in its RHP that the sale of its two-wheeler helmets comprises a significant part of its total sales. In the fiscal ended March 31, 2025 two-wheeler helmet sales made up 92.44 per cent of the company’s total sales, thus any decrease in motorcycle sales can negatively affect the company’s results of operation and financial position.

• The two-wheeler helmet maker stated that it incurred significant expenses in relation to the procurement of our primary raw materials. Inability to procure adequate amounts of raw material, at competitive prices can negatively impact results of operations and financial condition. The company also disclosed in the RHP that it does not enter into agreements with the suppliers and accordingly may face disruptions.

• The motorcycle accessories maker stated in its RHP that some of its products such as Stellar – Wings were not well received by customers. The company added inability to to provide new designs or update its product catalogue in accordance with customer preference can adversely affect the business prospects.

Here’s a look at some of the key strengths of Studds Accessories according to the company’s RHP:

• Studds Accessories mentioned in its RHP that it is the largest domestic player in the two-wheeler helmet segment in terms of revenue as of Fiscal 2024. The company added that it believes it has a strong market position in the helmet and motorcycle accessories industry.

• The helmet maker claims that it has a strong pan-India and global presence backed by an extensive and well-developed sales and distribution network. The company sells its products through extensive distributor networks, Original Equipment Makers, Exclusive Brand Outlets (EBOs) , online retailers, quick commerce platforms, central stores department, central police canteens. The company also sells its products to institutional customers.

• Studds Accessories Ltd claims that it has a capital efficient and sustainable business model which is scalable. The company added that its business relies on brand recall, integrated operations and its distribution network. The company added that its brand logos are prominently displayed on its products and each product sold enhances its brand visibility and recall.

Studds Accessories IPO: Objective

Studds Accessories Ltd mentioned in its RHP that it seeks to benefit from the listing of its equity shares on the exchanges and enhance its visibility and brand image. The company also plans to seek liquidity and a public market for its shares via the listing.