The IPO of Studds Accessories Limited, a Haryana-based company known for making two-wheeler helmets and riding accessories, has opened for subscription today.
The total issue size is ₹455.49 crore, and it is a complete offer for sale by existing shareholders — meaning no new shares are being issued.
Investors can apply for the IPO until November 3, with a price band of ₹557 to ₹585 per share.
Each lot contains 25 shares, and applications must be made in multiples of this lot size.
Grey Market Premium (GMP) and Expected Listing Price
Market experts say the Studds IPO is trading at a 9% premium in the grey market.
This means the shares could list around ₹630–₹640, higher than the issue price.
The IPO is being managed by IIFL Capital Services, and MUFG Intime India is the registrar.
If the shares are priced at the upper end of the band, Studds’ market capitalization is expected to be around ₹2,302 crore.
This values the company at 28.4 times its FY25 earnings and 5.1 times its book value, indicating strong investor interest in the brand.
About the Company: India’s Leading Helmet Maker
Founded in Faridabad, Haryana, Studds Accessories is India’s largest helmet manufacturer.
The company sells helmets and riding gear under two main brands — Studds and SMK.
It offers a wide range of products including helmets, gloves, luggage boxes, and riding gear, and supplies helmets to global brands like Jay Squared LLC’s Daytona (US) and O’Neal (Europe and Australia).
With four manufacturing units in Faridabad, Studds boasts a product portfolio of over 19,000 SKUs across 240 designs.
In FY25, the company sold 7.4 million helmets, reflecting its strong hold in India’s organized helmet market.
The company’s reach extends beyond India — Studds exports to over 70 countries, including the US, Europe, and several Asian markets, strengthening its position as a global player in safety gear manufacturing.
