Studds Accessories IPO to Open on October 30; Price Band Fixed at ₹557–585 per Share
Studds Accessories IPO to Open on October 30; Price Band Fixed at ₹557–585 per Share
Studds Accessories Limited, India’s largest helmet and two-wheeler accessories manufacturer, has officially announced the launch of its Initial Public Offering (IPO), which is set to open for subscription on October 30, 2025. The company has fixed its price band between ₹557 and ₹585 per share, marking one of the most awaited IPOs in the auto accessories segment this year.
The Studds Accessories IPO will open on October 30, 2025, and close on November 1, 2025. This Book Built Issue aims to raise approximately ₹1,200 crore, comprising a fresh issue of shares and an offer for sale (OFS) by existing shareholders.
The face value of each share is ₹5, and the lot size for retail investors is expected to be 25 shares per lot.
Founded in 1975, Studds Accessories Limited is one of the world’s largest helmet manufacturers, with a strong presence in India and over 40 export markets. The company offers a wide range of motorcycle helmets, riding gear, and accessories, catering to both commuter and premium segments.
With a market share of over 25% in the Indian helmet industry, Studds operates multiple manufacturing facilities across Haryana and Faridabad, producing more than 14 million helmets annually. Its popular brands, Studds and SMK Helmets, are household names among Indian riders.
The company’s continuous focus on innovation, safety standards, and design has positioned it as a global leader in protective gear manufacturing.
Studds Accessories has shown steady financial growth in recent years, driven by strong domestic demand and a rise in exports.
FY2023 Revenue: ₹1,233.7 crore
FY2024 Revenue: ₹1,356.8 crore
FY2024 Net Profit: ₹118.4 crore
EBITDA Margin: 14.6%
PAT Margin: 8.7%
Despite a challenging market environment due to fluctuating raw material prices, Studds maintained profitability and improved its return on equity (ROE) and return on capital employed (ROCE) metrics.
The company’s increasing investment in R&D, automation, and capacity expansion has further strengthened its competitive edge.
The primary objectives behind the Studds Accessories IPO are:
Funding capacity expansion at its existing plants to meet growing domestic and export demand.
Repayment or prepayment of certain borrowings to improve the balance sheet.
Investment in brand marketing and distribution networks to penetrate new markets.
General corporate purposes including technology upgrades and working capital.
The Indian two-wheeler market continues to expand, supported by increasing urbanization, rising disposable incomes, and growing awareness of road safety. According to industry reports, the Indian helmet market is expected to grow at a CAGR of 8–10% over the next five years.
Studds, with its diversified product portfolio and strong distribution network of over 3,000 dealers, is well-positioned to capture this growth.
Moreover, with the government enforcing stricter road safety regulations and mandatory helmet usage, demand for quality helmets is projected to surge — directly benefiting Studds.
As per early market trends, the Studds Accessories IPO Grey Market Premium (GMP) is around ₹95–₹110 per share, suggesting positive investor sentiment.
At the upper price band of ₹585, Studds’ P/E ratio stands at around 27x FY2024 earnings, which is considered reasonable given its growth prospects and leadership in a niche manufacturing sector.
Market experts believe that Studds offers a balanced mix of growth and stability, making it an attractive bet for both retail and institutional investors.
Market Leadership: Largest helmet manufacturer in India and among the top globally.
Strong Brand Equity: Recognized names like Studds and SMK dominate their respective segments.
Global Presence: Exports to 40+ countries across Asia, Europe, and Latin America.
Integrated Manufacturing: In-house production for major components ensures quality control.
R&D and Innovation: Focus on safety, comfort, and design innovations.
Robust Financials: Consistent revenue growth and improving profit margins.
While the growth story is strong, investors should also consider key risks:
Raw Material Volatility: Dependence on polymers and paints exposes margins to price fluctuations.
Competition: Entry of new brands and global helmet manufacturers may increase pricing pressure.
Regulatory Changes: Any delay in government mandates or policy changes could impact sales.
Currency Risks: Export operations are subject to forex fluctuations.
The basis of allotment for the Studds Accessories IPO is expected to be finalized on November 5, 2025, with refunds on November 6, and shares credited to Demat accounts by November 7. The listing date on both BSE and NSE is likely to be November 8, 2025.
Investors can check the IPO allotment status on the Link Intime India Pvt. Ltd website using their PAN or application number once the allotment process begins.
Given its dominant market share, strong financials, and long-term growth potential, Studds Accessories appears to be a solid investment for medium to long-term investors.
The company’s focus on innovation, global expansion, and robust brand recognition makes it a compelling play in the booming auto accessories industry. However, short-term investors should monitor grey market trends and listing-day performance before making speculative entries.
The Studds Accessories IPO is not just another listing — it represents the evolution of a homegrown brand into a global automotive safety leader. With a well-defined business model, growing export presence, and expanding product range, Studds is well-positioned to deliver value to its shareholders.