Striders Impex IPO

About Striders Impex IPO

The Striders Impex IPO opens on Thursday, February 26, 2026 and closes on Monday, March 2, 2026. The allotment of shares will take place on Wednesday, March 4, 2026. The credit of shares to the demat account will take place on Thursday, March 5, 2026. The initiation of refunds will take place on Thursday, March 5, 2026. The listing of shares will take place on Friday, March 6, 2026.

The offer consists of both a fresh issue and an offer for sale component. The fresh issue will include 42,78,400 shares (aggregating up to ₹31 crores). The offer for sale portion includes 5,08,800 shares of ₹10 (aggregating up to ₹4 crores). The total number of shares is 50,40,000 and the aggregate amount is up to ₹36 crores.

Striders Impex IPO’s price band is set at ₹71 to ₹72. The lot size for an application is 1,600 Shares. The minimum amount of investment required by a retail investor is ₹2,30,400 (3,200 shares) (based on upper price). The minimum lot size of investment required by HNIs is 3 lots (4,800 shares), amounting to ₹3,45,600.

Striders Impex has forged strong relationships with globally renowned licensors, enabling the company to develop and distribute a wide portfolio of character-driven and brand-affiliated products. These partnerships enhance product appeal, drive consumer engagement, and allow the company to leverage existing brand equity without incurring the costs and timelines of content creation.

Objectives of Striders Impex IPO

• Funding of working capital requirements of the company.
• Investment in Striders FZ LLC, a wholly owned subsidiary, to fund its working capital requirements.
• Investment in a newly wholly owned subsidiary in mainland UAE to fund its working capital requirements.
• Repayment of loans.
• General corporate purposes.
• To meet public issue expenses.

Industry Outlook

The increasing amount of scientific research emphasising the value of early childhood learning is one of the main causes of the popularity of educational toys. The first five years of life are when the brain is most responsive to learning, according to developmental psychology studies. Since children learn best during this time through play-based experiences, educational toys are a perfect way to capture their interest and improve learning outcomes.

The India Back-to-School Products Market refers to the organised and unstructured supply ecosystem that delivers key learning support resources and student utility products at the start of each academic cycle for pre-primary, primary, and middle-school children (ages 3–13). Demand is primarily driven by annual school reopening cycles, increased student enrolment, rising disposable income, urbanisation, and brand-led premiumisation.

About Striders Impex

Striders Impex is engaged in the business of licensing, own brand development, and distribution of toys and kids' consumer merchandise. The company offers end-to-end solutions from product design and development to sourcing, manufacturing and distribution, catering to retail formats across India and select international markets.

The company caters to a wide demographic, offering products suitable for children from 18 months up to 15 years of age. Through strong licensing arrangements, Striders Impex has access to multiple well-known international brands. These licensing partnerships enable them to design, manufacture through third parties, and distribute products that feature popular characters and themes, thereby increasing market acceptance and consumer recall.

Strengths of Striders Impex

• Trusted licensing partnerships with global brands.
• Strategic presence in high-growth markets.
• Scalable, multi-channel distribution infrastructure.
• Wide retail presence across leading modern trade and institutional partners.
• Diversified revenue base across channels and geographies.

Risks of Striders Impex

• Any disruptions or inefficiencies in third-party warehouse and fulfilment service providers.
• Any disruption in third-party manufacturers for product supply.
• Exposure to fluctuations in royalty costs and licensing fee structures.
• Seasonal fluctuations in demand in the kids’ merchandising and toy industry.
• Exposure to foreign exchange rate fluctuations.

Source: All the financial information for listed industry peer mentioned above is on a consolidated basis sourced from the Annual Reports/Information of the peer company uploaded on the NSE and BSE website for the year ended March 31, 2025.
*CMP is of February 16, 2026, on https://www.bseindia.com.
^To be included post finalization of the Issue Price.
#Since the EPS is negative, the P/E ratio is not applicable.

Notes:

1. The financial information for Striders Impex is based on the Restated Consolidated Financial Information as at and for the financial year ended March 31,2025.
   
2. Earnings per Equity Share as Restated after considering Bonus impact with retrospective effect.
   
3. Net Asset Value per Equity share as Restated after considering Bonus impact with retrospective effect.
   
4. Current Market Price is taken as the closing market price of the equity shares as on February 16, 2026, available on the https://www.bseindia.com.
   
5. RoNW is computed as net profit after tax divided by the average net worth. Net worth has been computed as sum of share capital and reserves and surplus.
   
6. NAV is computed as the closing net worth divided by weighted average number of equity shares at the end of the year/period.
   
7. The Price band and Issue Price of will be determined by the Company in consultation with the Book Running Lead Manager, and in accordance with applicable law, on the basis of assessment of market demand for the Equity Shares offered through the Book Building Process and quantitative and qualitative factors as described above.
   

Anchor Investor Bidding Date

Wednesday, February 25, 2026

• Registrar: MUFG Intime India Private Limited
• Book Running Lead Managers: Capitalsquare Advisors Private Limited

Striders Impex Business Model

The company earns its revenue through licensing, own brand development, and distribution of toys and kids' consumer merchandise. They offer end-to-end solutions from product design and development to sourcing, manufacturing and distribution, catering to retail formats across India and select international markets.

Striders Impex Growth Trajectory

(Consolidated)
As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹61.952 crores, ₹8.407 crores, and ₹9.322 crores, respectively.

(Restated Data)
Striders Impex’s Total Income for FY24 and FY23 was ₹41.774 crores and ₹29.966 crores, respectively.

The Profit After Tax for FY24 and FY23 was ₹4.386 crores and ₹2.031 crores, respectively.

Their EBITDA for FY24 and FY23 was ₹5.314 crores and ₹3.091 crores, respectively.

Striders Impex Market Position

Striders Impex operates with a well-established pan-India presence, enabling the company to cater to diverse consumer markets across urban and semi-urban regions. Through its widespread distribution network, strategic partnerships with retail chains, regional distributors, and digital platforms, the company ensures effective market coverage throughout the country.

In addition to its operations in India, the Company has a business presence in the Middle East via Striders FZ LLC its wholly owned subsidiary company, through a network of distributors that supports its international distribution network and strengthens global distribution and client relationships.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹61.952 crores, ₹8.407 crores, and ₹9.322 crores, respectively.

How to apply for Striders Impex IPO?

• Step 1: Log in to your Kotak Neo Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details. Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification. Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.