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Studds Accessories IPO
72.81xsubscribed

Studds Accessories IPO

Auto Ancillary
listed
₹13,925Min. investment

Studds Accessories Limited IPO Details

SectorAuto Ancillary
Price range₹557 – ₹585
IPO type
Regular
Lot size25 shares
Issue size₹455Cr
Red Herring Prospectus
Read
Market cap
₹2,302.17CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹583.82CrLower than sector avg
Growth rate3Y CAGR
8.15%

Studds Accessories IPO Subscription Status

Date
QIB
NII
Retail
Total
30-Oct-25
0.04 times (X)
2.08 times (X)
2.19 times (X)
1.55 times (X)
31-Oct-25
0.15X
9.31X
6.06X
5.07X
03-Nov-25
104.18X
74.58X
21.47X
72.81X

As on 30-Oct-25, 5:30 PM

Studds Accessories IPO Timeline

  1. Pre-apply
    29 Oct 2025
  2. Bid start
    30 Oct 2025
  3. Bid end
    3 Nov 2025
  4. Allotment
    4 Nov 2025
  5. Release of funds
    6 Nov 2025
  6. Demat transfer
    6 Nov 2025
  7. Listing
    7 Nov 2025

About Studds Accessories Limited

Incorporated in 1983, Studds Accessories designs, manufactures, markets, and sells 2-wheeler helmets and related motorcycle accessories. It is one of the largest 2-wheeler helmet manufacturers by revenue in FY24 in India and also the world’s largest by volume in CY24.
Since its incorporation, the company has built a strong presence in the helmet and motorcycle accessories space. The company operates three manufacturing facilities with a combined annualised production capacity of 90.4 lakhs units. It sold around 74 lakh units in FY25.
The company’s products are primarily marketed under two brands - Studds and SMK. SMK was launched in 2016, while Studds was introduced in 1975. It also sells accessories such as motorcycle luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear under the Studds brand. Studds has a strong domestic presence and exports to 70+ countries across the Americas, Asia, and Europe. Under white label arrangements, it also manufactures helmets for international brands like “Daytona” for Jay Squared LLC in the U.S. and “O’Neal” for clients in Europe, the U.S., and Australia.
In Q1FY26, helmet sales accounted for 92.81% of operational revenue while accessories contributed 6.98%. In FY25, helmets generated ₹539.621 crore (92.43% of revenue), and accessories sales accounted for ₹42.55 crore (7.29%). Studds holds a 27.3% market share by volume and 25.5% by value in FY24.
The company targets the mass and mid-market categories, offering helmets priced between ₹875 and ₹4,000. The brand sold about 70.7 lakhs units in FY25. SMK focuses on the premium segment in India and mid-market customers in Europe, with prices ranging from ₹3,000 to ₹12,800. It sold approximately 2.9 lakhs units globally in FY25.
Studds operates manufacturing units in Faridabad, Haryana. Facilities I, II, and III are fully integrated and equipped with advanced automation technologies such as silicon hard coating for visors, sputtering and metalising processes, in-house helmet liner stitching, conveyorised assembly lines, mould-making capabilities, and robotic painting systems. The company also operates a VCA-certified testing laboratory to ensure product quality. The 4th facility manufactures EPS liners and water-transfer decals for internal use. A 5th plant is under construction, scheduled for commissioning in FY26.
The company offers 240+ styles across 19,258 SKUs. As of August 31, 2025, it had 363 active distributors across India and exported products to over 70 countries. For efficient logistics, the company works with three third-party logistics partners based in Faridabad, Bangalore, and the United States. The company directly sells products to reputed 2-wheeler OEMs, such as Honda Cars India Limited, Hero MotoCorp Limited, Suzuki Motorcycle India Private Limited, Eicher Motors Limited (Royal Enfield) and India Yamaha Motors Private Limited. OEM sales contributed 11.81% of revenue in Q1FY26.
The global motorcycle helmet market is expected to grow at a 5.1% CAGR between CY24-CY29, driven by rising urbanisation, higher disposable incomes, stronger safety awareness, and stricter helmet regulations. In India, the share of organised and ISI-certified helmets is projected to increase from 70% in 2019 to over 80% by 2029 due to mandatory BIS certifications. The industry is also benefiting from premiumization trends, shorter replacement cycles, which are generally 3–4 years for standard and 6–7 years for premium helmets.
The company is planning to expand its manufacturing footprint with the commissioning of manufacturing facility V and by automating existing lines using robotics and IoT-enabled systems. Post acquisition of Bikerz US Inc. in 2024, it is also strengthening its presence in North America, South America, and ASEAN markets and plans to set up a European subsidiary with warehousing capabilities.
Now, Studds Accessories is launching its initial public offering (IPO), which consists of an offer for sale of ₹455.49 crore. Its shares will be listed on the NSE and BSE.

Studds Accessories Limited IPO Analysis

IPO REVIEW

Studds Accessories IPO | Analysis Video

Should you apply?

Watch our analysts break down the Studds Accessories Limited IPO — business model, financials, valuation and key risks — to help you decide whether to apply. The video covers the IPO price band, important dates, and what the subscription numbers mean for retail investors.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
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Strength and Weakness

Market leader of 2-wheeler helmets

The company is India’s largest 2-wheeler helmet manufacturer by revenue in FY24 and the world’s largest by volume in CY24. With nearly five decades of expertise, the company sold approximately 74 lakhs helmets in FY25, reflecting its dominant market position.

Diversified product portfolio

The company offers over 240 helmet designs and 19,258 SKUs as of August 2025, catering to both mass and premium markets. Its brands, Studds and SMK, ensure presence across all market segments and price points. In Q1FY26, the Studds brand contributed 72.22% of helmet sales, while SMK accounted for 18.14%.

Advanced manufacturing capabilities

Studds’ vertically integrated operations, from raw material sourcing to final assembly, ensure cost efficiency, quality control, and faster product development. With four manufacturing facilities and a 75-member design team, the company rapidly innovates, reducing design-to-market time to 9 months for Studds and 14 months for SMK. The company also invests in automation of its manufacturing facilities by introducing advanced robotic machinery.

Extensive distribution and pan-India presence

The company has a strong distribution network of 363 active distributors across India and exports to 70+ countries. It also supplies helmets to leading OEMs such as Hero MotoCorp, Honda Cars India, Suzuki Motorcycle India, and Yamaha, with OEM sales accounting for 11.81% of total revenue and distributor network contributing 54.98% as of June 30, 2025. Exports formed 22.7% of revenue.

Objectives of Studds Accessories Limited IPO

Carry out the offer for sale
The IPO is a complete offer-for-sale (OFS). Net IPO proceeds will go to selling shareholders.
Listing on stock exchanges
The company want to achieve the benefits of listing its shares on the stock exchanges.

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹583.82Cr8.15%₹69.64Cr₹2,302.17Cr33.05-0.07
This sector (avg.)₹2,170.18Cr0%₹114.37Cr₹6,365.6Cr83.140.87
₹1,13,662.6Cr---₹4,145.7Cr₹1,18,990.3Cr37.790.49
₹18,087.4Cr---₹2,013Cr₹1,07,740.3Cr40.160.01
₹16,774.61Cr---₹1,020.57Cr₹68,224.81Cr62.290.43

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Studds Accessories IPO Contact Details

Company NameStudds Accessories Limited

How to apply for Studds Accessories IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Latest News on Studds Accessories Limited IPO

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Studds Accessories IPO sets price band at ₹557 to ₹585 per share, check lot size, key dates and more

2 min read

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Studds Accessories IPO receives SEBI nod with only OFS component

2 min read

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Studds Accessories IPO: Helmets maker files draft papers with SEBI to launch public issue

2 min read

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Studds Accessories IPO fully subscribed on opening day; what we know so far

3 min read

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Studds Accessories IPO subscribed 3.10 times so far on day 2, retail part booked 4x; check details

2 min read

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Studds Accessories IPO subscribed 24.76 times so far on Day 3: Check allotment date and steps

2 min read

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Studds Accessories IPO allotment status finalised: Check online on MUFG Intime India, NSE, BSE; listing date revealed

3 min read

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Studds Accessories IPO Allotment Highlights: Status finalised; how to check online on MUFG Intime India, NSE and BSE; direct links here

5 min read

Studds Accessories Limited IPO FAQs

Investors can apply for the Studds Accessories IPO through their Demat account via the stock exchange or through their broker.
The issue size of the Studds Accessories IPO is 455 Cr.
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Studds Accessories IPO will be open between 2025-10-30 and 2025-11-03.
Studds Accessories IPO allotment date is 2025-11-06. For Studds Accessories IPO allotment status check, you can visit the website of the registrar of the IPO.
For Studds Accessories IPO, the IPO registrar is MUFG Intime India Private Limited. You can check Studds Accessories IPO allotment status on the website of the registrar.
The shares are proposed to be listed on the BSE and NSE.
The Studds Accessories IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
The Studds Accessories IPO lot size is 25 and minimum order quantity is 25.
Studds Accessories IPO has set the price band for its IPO at 585 per equity share with a face value of 5.