Bookbuilding IPO | ₹455 Cr | Listed at BSE, NSE | Thu, Oct 30, 2025 - Mon, Nov 3, 2025
Studds Accessories IPO is a book build issue of ₹455.49 crores. The issue is entirely an offer for sale of 0.78 crore shares of ₹455.49 crore.
Studds Accessories IPO bidding started from Oct 30, 2025 and ended on Nov 3, 2025. The allotment for Studds Accessories IPO was finalized on Nov 4, 2025. The shares got listed on BSE, NSE on Nov 7, 2025.
Studds Accessories IPO price band is set at ₹585 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹14,625 (25 shares) (based on upper price). The lot size investment for sNII is 14 lots (350 shares), amounting to ₹2,04,750, and for bNII, it is 69 lots (1,725 shares), amounting to ₹10,09,125.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Studds Accessories IPO RHP for detailed Information.
IPO Open
Thu, Oct 30, 2025
IPO Close
Mon, Nov 3, 2025
Issue Price
₹585 per share
Market Cap (Pre-IPO)
₹2,302.17 Cr
| IPO Date | 30 Oct to 3 Nov, 2025 |
| Listed on | Fri, Nov 7, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹557 to ₹585 |
| Issue Price | ₹585 per share |
| Lot Size | 25 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 77,86,120 shares (agg. up to ₹455 Cr) |
| Offer for Sale | 77,86,120 shares of ₹5 (agg. up to ₹455 Cr) |
| Share Holding Pre Issue | 3,93,53,400 shares |
| Share Holding Post Issue | 3,93,53,400 shares |
| BSE Script Code / NSE Symbol | 544599 / STUDDS |
| ISIN | INE00Q601028 |
Studds Accessories IPO offers total 77,86,120 shares. Out of which 38,93,060 (50.00%) allocated to QIB, 15,57,224 (20.00%) allocated to QIB (Ex- Anchor), 11,67,918 (15.00%) allocated to NII 27,25,142 (35.00%) allocated to RII and 23,35,836 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max 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%) |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| 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 |
Studds Accessories IPO raises ₹136.65 crore from anchor investors. Studds Accessories IPO Anchor bid date is October 29, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Oct 29, 2025 |
| Shares Offered | 23,35,836 |
| Anchor Portion (₹ Cr.) | 136.65 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Dec 4, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, Feb 2, 2026 |
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
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:
Manufacturing Facilities
The company operates four manufacturing facilities in Faridabad, India:
Key Figures
Studds Accessories Ltd.'s revenue increased by 11% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 30 Jun 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 586.61 | 556.71 | 485.56 | 461.07 |
| Total Income | 152.01 | 595.89 | 535.84 | 506.48 |
| Profit After Tax | 20.25 | 69.64 | 57.23 | 33.15 |
| EBITDA | 30.26 | 104.84 | 90.19 | 60.05 |
| NET Worth | 469.77 | 449.48 | 387.41 | 338.02 |
| Reserves and Surplus | 450.09 | 429.80 | 377.57 | 328.18 |
| Total Borrowing | 2.91 | 2.91 | 0.61 | 30.58 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 16.64% |
| ROCE | 20.25% |
| Debt/Equity | -0.07 |
| RoNW | 15.49% |
| PAT Margin | 11.93% |
| EBITDA Margin | 17.96% |
| Price to Book Value | 5.12 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 17.70 | 20.58 |
| P/E (x) | 33.06 | 28.43 |
| Promoter Holding | 78.78% | 61.76% |
| Market Cap | ₹2,302.17 Cr. |
The Studds Accessories IPO is subscribed 73.25 times on November 3, 2025 5:04:34 PM (Day 3). The public issue subscribed 22.08 times in the retail category, 159.99 times in the QIB category, and 76.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 159.99 | 15,57,224 | 24,91,37,550 |
| NII | 76.99 | 11,67,918 | 8,99,12,750 |
| bNII (bids above ₹10L) | 83.08 | 7,78,612 | 6,46,89,850 |
| sNII (bids below ₹10L) | 64.79 | 3,89,306 | 2,52,22,900 |
| Retail | 22.08 | 27,25,142 | 6,01,71,050 |
| Total | 73.25 | 54,50,284 | 39,92,21,350 |
Total Application : 20,70,889
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 15.02 |
| 2 | Selling Commission and processing fees for SCSBs, Bankers to the Offer and Bidding Charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.83 |
| 3 | Fees payable to the Registrar to the Offer | 0.24 |
| 4 | Listing fees, SEBI and Stock Exchange filing fees, book building software fees, NSDL and CDSL fee and other regulatory expenses | 4.47 |
| 5 | Printing and stationery expenses | 0.97 |
| 6 | Fees payable to the Statutory Auditor, industry service provider, independent Chartered Engineer, RoC consultant (independent PCS) and intellectual property consultant and attorneys | 0.85 |
| 7 | Advertising and marketing expenses for the Offer | 2.84 |
| 8 | Fees payable to the legal counsels to the Offer | 5.19 |
| 9 | Miscellaneous | 0.71 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹585.00 | ₹585.00 |
| Open | ₹570.00 | ₹565.00 |
| Low | ₹555.80 | ₹557.00 |
| High | ₹585.00 | ₹585.00 |
| Last Trade | ₹560.45 | ₹560.30 |
Lead Manager Reports
Studds Accessories IPO is a main-board IPO of 77,86,120 equity shares of the face value of ₹5 aggregating up to ₹455 Crores. The issue is priced at ₹585 per share. The minimum order quantity is 25.
The IPO opens on Thu, Oct 30, 2025, and closes on Mon, Nov 3, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Studds Accessories IPO using UPI as a payment gateway. Zerodha customers can apply in Studds Accessories IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Studds Accessories IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Studds Accessories IPO opens on Thu, Oct 30, 2025 and closes on Mon, Nov 3, 2025.
Studds Accessories IPO lot size is 25, and the minimum amount required for application is ₹14,625.
You can apply in Studds Accessories IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Studds Accessories IPO will be done on Tuesday, November 4, 2025, and the allotted shares will be credited to your demat account by Thu, Nov 6, 2025. Check the Studds Accessories IPO allotment status.
The Studds Accessories IPO listing date is on Fri, Nov 7, 2025.
