Studds IPO

About Studds IPO

The Studds IPO opens on Thursday, 30 October 2025 and closes on Monday, 3 November 2025. The tentative listing is on Friday, 7 November 2025. The initiation of refund will take place on Thursday, 6 November 2025. The credit of shares to the demat account will take place on Thursday, 6 November 2025. The allotment of bids will take place on Tuesday, 4 November 2025.

The offer consists of an offer for sale component. The offer for sale portion includes 77,86,120 shares (aggregating up to ₹455.49 crores). The total number of shares is 77,86,120 and the aggregate amount is ₹455.49 crores.

Studds Accessories offers a wide and diversified portfolio of helmets and motorcycle accessories catering to mass commuter and premium segments. In their experience, customers choose helmets based on their safety features, design preferences, functional requirements and their trust in the brands. They have a comprehensive portfolio of products with over 240 different styles and designs of helmets in various sizes and colours across the two-wheeler helmet categories as of August 31, 2025.

Objectives of Studds IPO

• To carry out the offer for sale of up to 7,786,120 equity shares of face value of ₹5 each by the selling shareholders.
  
• To achieve the benefits of listing the equity shares on the stock exchanges.
  

Industry Outlook

As per the CARE Report, the global two-wheeler helmets market witnessed a CAGR of 4.5% in unit sales between CY19 and CY24, primarily fuelled by robust demand in the Asia-Pacific region. Notably, India and China, two of the largest markets for two-wheelers, drove this growth.

Looking ahead, the market is projected to grow at a CAGR of 5.1% in value terms between CY24 and CY29, primarily fuelled by increasing urbanisation, rising disposable incomes, heightened safety awareness, and government regulations mandating helmet use. The continued growth of the Asia-Pacific region, particularly in India and China, will remain a key driver of this expansion (Source: CARE Report).

Studds Accessories Company Information   

Studds Accessories designs, manufactures, markets, and sells two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands and other accessories (such as two-wheeler luggage, gloves, helmet locking devices, rain suits, riding jackets, and eyewear) under their ‘Studds’ brand. Their products are sold pan-India and in more than 70 countries internationally, with their key export markets situated across the Americas, Asia (excluding India), Europe, and the rest of the world.

They also manufacture helmets for Jay Squared LLC, which are sold under the “Daytona” brand in the United States of America, as well as for O’Neal under their branding, supplying to markets in Europe, the United States of America and Australia.

Strengths of Studds IPO

• Largest domestic player in two-wheeler helmets.
  
• Wide design and product catalogue across price points, catering to diverse consumer requirements.
  
• Advanced manufacturing and D&D capabilities with vertically integrated operations.
  
• Strong pan-India and global presence supported by an extensive and well-developed sales and distribution network and major quality accreditations.
  
• Capital-efficient and sustainable business model.
  
• Experienced promoters and management team.
  

Risks of Studds IPO

• Any decrease in motorcycle sales.
  
• Any disruption, breakdown or shutdown of their manufacturing facilities.
  
• Inability of suppliers to supply the raw materials in the quantities they require.
  
• An economic slowdown or factors affecting demand for their products by OEMs and government customers.
  
• Any decrease in the demand for their products in international markets.
  
• Any disruption to power sources at their manufacturing facilities.
  
• Exchange rate fluctuations in various currencies in which they do business.
  
• Significant disruptions of information technology systems or breaches of data security. 
  

Industry Peer Comparison  

There are no listed industry peers.  

Anchor Investing Bidding Date: Wednesday, 29 October 2025

Registrar: MUFG Intime India Private Limited
Book Running Lead Managers:
IIFL Capital Services Limited
ICICI Securities Limited

Studds Accessories Business Model

The company earns its revenue through the following: Designing, manufacturing, marketing, and selling two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands and other accessories (such as two-wheeler luggage, gloves, helmet locking devices, rain suits, riding jackets, and eyewear) under their ‘Studds’ brand.

Studds Accessories Growth Trajectory

Studds Accessories’ total income increased by ₹60.05 crores, or 11.21%, from ₹535.84 crores for fiscal 2024 to ₹595.89 crores for fiscal 2025, primarily due to an increase in revenue from operations.

The revenue from operations increased by ₹54.79 crores, or 10.36%, from ₹529.02 crores for fiscal 2024 to ₹583.82 crores for fiscal 2025.

Their profit for the year was ₹69.64 crores for fiscal 2025 compared to ₹57.23 crores for fiscal 2024.

The EBITDA increased from ₹90.19 crores in fiscal 2024 to ₹104.84 crores in fiscal 2025.

Studds Accessories Market Position

Studds Accessories is the largest two-wheeler helmets player in India in terms of revenue in fiscal 2024 and also the world’s largest two-wheeler helmet player by volume in calendar year 2024 (Source: CARE Report). They are an established manufacturer with nearly five decades of experience (Source: CARE Report). As of March 31, 2025, their manufacturing facilities I, II and III have a combined annualised capacity of producing 9.04 million units. They sold around 7.40 million helmets in fiscal 2025. Their ‘SMK’ brand was launched in 2016 and is being successfully sold in India and exported to overseas markets (Source: CARE Report). Both of their brands, namely, Studds and SMK, have been marketed and sold in more than 70 countries as of August 31, 2025.

As of 31 March 2025, the company’s Total Income, Profit After Tax, and EBITDA were ₹595.890 crores, ₹69.641 crores, and ₹104.840 crores, respectively.

How to check allotment status of Studds IPO?  

1. Visit the Registrar's Website

To check the Studds IPO Allotment Statuts, visit the official website of MUFG Intime India Private Limited, the registrar for this IPO. On their IPO allotment status page, enter your Permanent Account Number (PAN), application number, or Demat account ID. Then, click the ‘Submit’ button to view your allotment status. Ensure you have the necessary details ready for a quick and accurate check.

2. Check on the Bombay Stock Exchange Website

The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the 'Investors' tab. Under 'Investors', click on 'IPO'. This will take you to the IPO allotment status page.

On the BSE IPO page, follow these steps

• Select 'Equity' from the dropdown menu
  
• Choose 'Studds Accessories ' in the next dropdown
  
• Enter your application number
  
• Enter your PAN
  
• Click 'Search'
  

Your Studds Accessories IPO allotment status will be displayed.

3. Verify on the National Stock Exchange Website

The National Stock Exchange (NSE) has an IPO Bid Verification module. Use this to check Studds Accessories IPO allotment status.

Go to the NSE website and find the 'Invest' tab. Click on 'Verify IPO Bids' under 'Resources & Tools'.

On the NSE IPO Bid Verification page, enter:

• Application number
  
• PAN
  

Then click 'Submit'. Your Studds Accessories IPO bid and allotment details will be displayed.

How to apply for Studds  IPO?

• Step 1: Log in to your Kotak Neo Demat account: Log in to your 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.