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STUDDS · NSE,BSE · Auto Components & Equipments
Studds Accessories IPO listed on 07 Nov 2025 on NSE,BSE at ₹565.00, a loss of 3.42% over the issue price of ₹585.00. The IPO was subscribed 73.25x overall.
Studds Accessories IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 30 Oct 2025 |
| IPO Close Date | 03 Nov 2025 |
| Basis of Allotment | 04 Nov 2025 |
| Initiation of Refunds | 06 Nov 2025 |
| Credit of Shares to Demat | 06 Nov 2025 |
| Listing Date | 07 Nov 2025 |
Listing day gain
-3.42%
Listed at ₹565 (issue ₹585)
Issue
₹585
Listing
₹565
Current
₹560.3
-4.22% vs issue
Day range
₹557 – ₹585
Issue Size
7,786,120 shares
(aggregating up to ₹455.49 Cr)
Issue Price
₹557 – ₹585
Face Value
₹5/share
Market Lot
25 shares
Retail Min Investment
₹14,625
Listing At
NSE,BSE
Sale Type
offer for sale
Fresh Issue
[.]
Offer for Sale
7,786,120 shares
(aggregating up to ₹455.49 Cr)
Issue Type
book building
Open Date
30 Oct
Close Date
03 Nov
Allotment
04 Nov
Listing
07 Nov
Last updated: 10 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 07 Nov 2025 Latest | ₹585 | ₹35 | ₹620 | ₹35 |
5.98%
|
12:00 AM |
| 06 Nov 2025 | ₹585 | ₹45 | ₹630 | ₹45 |
7.69%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 07 Nov 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 159.99x |
| NII | 76.99x |
| bNII (bids above ₹10L) | 83.08x |
| sNII (bids below ₹10L) | 64.79x |
| Retail Investors | 22.09x |
| Total | 73.25x |
Showing the latest subscription snapshot.
View full subscription historyMadhu Bhushan Khurana, Sidhartha Bhushan Khurana and Shilpa Arora are the promoters of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹14,625 |
| Retail (Max) | 13 | 325 | ₹190,125 |
| S-HNI (Min) | 14 | 350 | ₹204,750 |
| S-HNI (Max) | 68 | 1,700 | ₹994,500 |
| B-HNI (Min) | 69 | 1,725 | ₹1,009,125 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 3,893,060 (50.00%) |
|
•
Anchor Investor Shares Offered
|
2,335,836 (30.00%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
1,557,224 (20.00%) |
| NII (HNI) Shares Offered | 1,167,918 (15.00%) |
|
•
bNII > ₹10L
|
778,612 (10.00%) |
|
•
sNII < ₹10L
|
389,306 (5.00%) |
| Retail Shares Offered | 2,725,142 (35.00%) |
| Total Shares Offered | 7,786,120 (100.00%) |
Studds Accessories Limited was incorporated in 1983 and is headquartered in Faridabad, Haryana. It works in the two-wheeler accessories sector, manufacturing helmets and related riding gear.
The company designs, manufactures and markets helmets under the "Studds" (mass-market) and "SMK" (premium) brands, along with two-wheeler luggage, gloves, helmet security guards, rain suits, riding jackets and eyewear sold under the Studds brand. It operates four manufacturing facilities, all located in Faridabad, with an annual capacity of about 9 million units, and sells through a distributor network as well as OEM partnerships with two-wheeler makers including Honda, Yamaha and Royal Enfield. It also exports to more than 70 countries. The promoters are Madhu Bhushan Khurana, Sidhartha Bhushan Khurana and Chand Khurana.
Revenue from operations rose from Rs 499.17 crore in FY23 to Rs 529.02 crore in FY24 and Rs 583.82 crore in FY25, with profit after tax increasing from Rs 33.15 crore in FY23 to Rs 57.23 crore in FY24 and Rs 69.64 crore in FY25, as per the RHP. The IPO was a mainboard book-built issue on the NSE and BSE, structured entirely as an offer for sale of up to 77,86,120 equity shares (about Rs 455.49 crore), priced at Rs 557-585 per share, and it listed on 7 November 2025. As the offer was entirely an offer for sale, the company did not receive any proceeds from the issue; the stated objective was to achieve the benefits of listing the equity shares.
Standalone · ₹ in Crores
| Particulars | FY Mar 2024 | FY Mar 2025 | FY Jun 2025 |
|---|---|---|---|
| Total Revenue | 535.84 | 595.89 | 152.01 |
| Profit After Tax (PAT) | 57.23 | 69.64 | 20.25 |
| EBITDA | 90.19 | 104.84 | 30.26 |
| Total Assets | 485.56 | 556.71 | 586.61 |
| Net Worth | 387.41 | 449.48 | 469.77 |
| Reserves & Surplus | 377.57 | 429.8 | 450.09 |
| Total Borrowing | 0.61 | 2.91 | 2.91 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2025 |
|---|---|
| RoE Return on Equity Shows how much profit the company makes on the money shareholders have put in. 15% to 20% is healthy in most industries. | 16.64% |
| RoCE Return on Capital Employed Shows the profit earned on all the money used, shareholder funds plus loans. Matters most for factory and infrastructure heavy companies. | 20.25% |
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | 15.49% |
| PAT Margin Profit After Tax Margin Out of every ₹100 of sales, how much the company keeps after paying all costs, loan interest and tax. | 11.93% |
| EBITDA Margin Earnings Before Interest, Tax, Depreciation and Amortisation Margin Profit from the main business as a share of sales, before loan interest and tax. Compare it with other companies in the same industry. | 17.96% |
| Debt / Equity Debt to Equity How much the company has borrowed against what shareholders own. Above 1x means the loans are bigger than shareholder funds. | -0.07x |
| P/BV Price to Book Value Tells you if the IPO price is above what the company actually owns. 1x to 3x is usually seen as reasonable. | 5.12x |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹17.7 | ₹20.58 |
| P/E Price to Earnings Tells you if the IPO price is fair for what the company earns. Compare it with listed companies in the same sector. | 33.06x | 28.43x |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹2,302 Cr | ₹2,205 Cr |
The basis of allotment for Studds Accessories IPO was finalised on 04 Nov 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Studds Accessories IPO is expected to open in Oct 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Studds Accessories IPO is ₹557.00 - ₹585.00 per share.
As per market sources, Studds Accessories IPO GMP is currently ₹35.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Studds Accessories IPO stands at 73.25x overall.
The listing date for Studds Accessories IPO is 07 Nov 2025.
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