Summary of this article
Studds Accessories IPO is witnessing strong demand on the third day of bidding.
Studds Accessories IPO has been booked over 11 times so far
Studds Accessories IPO GMP is ranging between Rs 65- Rs 67
Studds Accessories IPO: Studds Accessories’ public issue is scheduled to close on November 3. The initial public offering (IPO) has been booked more than 11 times on the final day of subscription. The grey market trends for the helmet maker’s stock are also pointing towards a decent listing.
Studds Accessories IPO GMP
The grey market premium (GMP) held steady on the final day of bidding today, ranging between Rs 65 and Rs 67 per share, according to several websites which track the movement of unlisted shares. Studds Accessories shares are expected to list with gains of 11.45 per cent at Rs 652 per share.
Studds Accessories IPO: Subscription Update On Day 3
The IPO has received bids for more than 63.84 million shares across categories, so far against the 5.45 million shares offered for subscription, leading to the issue being subscribed 11.71 times.
Non-institutional investors (NIIs) are leading the demand, having booked the issue 26.17 so far and placing bids for 30.50 million shares against the 1.16 million shares reserved for the category.
Retail individual investors (RIIs) have booked the issue 11.09 times so far, having placed bids for 30.2 million shares compared to the 2.72 million shares reserved for the category. Qualified institutional buyers (QIBs) have applied for 3.06 million shares of the helmet and motorcycle accessories maker’s public issue so far on the last day of bidding against the 1.55 million shares reserved for the category, booking the issue 1.97 times.
Studds Accessories IPO Issue Size
Studds Accessories seeks to raise Rs 455.49 crore from its public issue. The public issue consists of an offer-for-sale (OFS) of 7.80 million shares. The price band was set at Rs 557-585 per share. The minimum lot size for retail individual investors was fixed at 25 shares, which aggregates to an investment of Rs 14,625.
Studds Accessories IPO: Subscription Dates and Listing Date
Studds Accessories IPO’s subscription window opened on October 30 and will close on November 3. The share allotment status will be announced on November 4. Subsequently, Studds Accessories will issue refunds for unsuccessful applicants on November 6. The shares are scheduled to list on the bourses on November 7.
Studds Accessories: Financials
Studds Accessories’ total income for the quarter ending June 30, 2025 stood at Rs 152.01 crore, the company’s profit-after-tax (PAT) stood at Rs 20.25 crore and the net worth of the company stood at Rs 469.77 crore.
Studds Accessories’ total income for FY25 surged to Rs 595.89 crore, up by more than 11 per cent from Rs 535.84 crore in FY24. The helmet maker’s PAT stood at Rs 69.64 crore, up by 21 per cent in FY25 compared to a net profit of Rs 57.23 crore in the preceding fiscal. The helmet retailer’s net worth also witnessed growth in FY25, up by over 16 per cent to Rs 449.48 crore compared to Rs 387.41 crore in the preceding fiscal.
Studds Accessories IPO: Registrar
The registrar for Studds Accessories IPO is MUFG Intime India and the book running lead manager for the public issue is IIFL Capital Services.
Studds Accessories: Promoters
The promoters of Studds Accessories include Madhu Bhushan Khurana, Sidhartha Bhushan Khurana and Shilpa Arora. The promoters held 78.78 per cent stake in Studds Accessories prior to the public issue. After the issue, their stake will reduce to 61.76 per cent.
Studds Accessories IPO: Objective
Studds Accessories will not receive the proceeds of the public issue. However, the company expects to benefit from listing its equity shares on the exchanges.
About Studds Accessories
Studds Accessories is engaged in the designing, manufacturing and sale of a wide range of two-wheeler helmets and motorcycle accessories. It is the world's largest two-wheeler helmet manufacturer by volume according to the company’s red herring prospectus (RHP). The company retails its products under two brands, Studds and SMK. The company also sells two-wheeler accessories, such as two-wheeler luggage (top cases and side boxes), gloves, rain suits, riding jackets, eyewear, helmet locking devices and visors and other spare parts.
