Studds Accessories IPO: An Overview
Faridabad-based helmet manufacturer Studds Accessories Ltd. is set to open its public issue on Oct. 30. The IPO, which closes on Nov. 3, is a pure offer-for-sale (OFS) of up to 77.9 lakh equity shares by its promoters and existing shareholders. This marks the company’s second attempt at a market debut. Studds had previously filed draft papers with SEBI in 2018, but put the plan on hold.
Why is Studds Accessories Going Public?
Studds is the largest two-wheeler helmet player by volume in India. The company is valued at over Rs 3,500 crore as per last transaction of shares in August 2024. In January this year, the company also allotted 1.96 crore bonus shares in a 1:1 ratio. To learn more about the Indian IPO market, click here.
IPO Structure
The Studds IPO is entirely an offer-for-sale (OFS) of up to 7,786,120 equity shares. The company is not issuing any fresh shares. This means that the company will not receive any proceeds from the IPO. All proceeds, after deducting relevant expenses and taxes, will go to the selling shareholders. For more information on IPO investing, visit our website.
Use of Proceeds
As the Studds public issue is entirely an offer-for-sale, the company will not receive any proceeds. The main objects of the offer, therefore, are to carry out the OFS and list the share on the stock market. To understand the stock market listing process, read our detailed guide.
Financial Snapshot
Studds reported strong profit growth, posting a restated profit of Rs 69.64 crore for the financial year ended March 31, 2025. This compares to a restated profit of Rs 57.23 crore in fiscal year 2024 and a profit of Rs 33.15 crore in fiscal year 2023. Revenue from operations grew to Rs 583.82 crore in fiscal 2025, up from Rs 529.02 crore in the previous year. For the latest financial news and updates, stay tuned to our website.
Promoter and Investor Shareholding
Among the selling shareholders, Promoter Madhu Bhushan Khurana will sell up to 38 lakh shares, and Promoter Sidhartha Bhushan Khurana will sell up to 8 lakh shares. Promoter Group member Chand Khurana will offload up to 21 lakh shares. Other sellers include Sanjay Leekha, Charu Leekha, and SE Shoes Private Limited, among others. To know more about share market news, visit our website.
Lead Managers
IIFL Capital Services Limited and ICICI Securities Limited are the book-running lead managers for the Studds Accessories IPO. For the latest IPO news and updates, stay tuned to our website.
Conclusion
The Studds Accessories IPO is an opportunity for investors to participate in the growth story of the largest two-wheeler helmet player in India. With a strong financial track record and a proven business model, Studds is well-positioned to capitalize on the growing demand for helmets in India. However, as with any investment, it’s essential to do your own research and consider your own risk tolerance before investing. For more information on investing in the stock market, read our detailed guide.
