The Studds Accessories IPO has gained solid traction as it enters Day 2 of bidding. On October 30, the issue was subscribed to 1.54 times, showing strong interest from both retail and institutional investors. The company aims to raise ₹455 crore through this public offering, with the Studds Accessories IPO price band set between ₹557–₹585 per share. The IPO will remain open until November 3, 2025.
Studds Accessories IPO GMP and Expected Listing Price
According to market updates, the Studds Accessories IPO GMP today is ₹63. Based on the upper price band of ₹585, this suggests an estimated listing price of around ₹648 per share, reflecting a potential gain of nearly 10.77% over the issue price.
Over the past few sessions, the Studds Accessories IPO GMP has fluctuated between ₹53 and ₹85, signaling moderate market enthusiasm. While the grey market premium helps gauge investor sentiment, it should not be the sole factor influencing investment decisions.
About Studds Accessories Limited
Founded in 1975, Studds Accessories Ltd is India’s largest helmet manufacturer and one of the global leaders by volume. The company designs, manufactures, and sells helmets under the Studds and SMK brands, catering to both the mass and premium market segments.
Besides helmets, Studds produces a wide range of motorcycle accessories, including riding jackets, gloves, rain suits, luggage boxes, eyewear, and helmet locks. The company serves leading original equipment manufacturers (OEMs) such as Hero MotoCorp, Honda, Suzuki, Royal Enfield (Eicher Motors), and Yamaha.
Studds Accessories IPO Subscription and Anchor Investment
Ahead of its public issue, Studds raised approximately ₹137 crore from anchor investors, reflecting strong early confidence. The total IPO size is ₹455 crore, entirely an Offer for Sale (OFS), where existing shareholders are selling 77.86 lakh shares.
Since it’s an OFS, the company will not receive direct proceeds from the IPO; instead, the funds will go to the selling shareholders. IIFL Capital Services Ltd is the book-running lead manager, and MUFG Intime India Pvt. Ltd acts as the IPO registrar.
Financial Performance and Valuation
As per financial disclosures, Studds reported a profit after tax of ₹70 crore and holds about ₹63 crore in cash reserves. It operates three manufacturing facilities with an annual capacity of 9.04 million helmets, and a fifth plant is expected to open soon.
At the upper end of the price band, the company is valued at approximately ₹2,300 crore, translating to a price-to-earnings ratio (P/E) of 28.5x based on its FY26 annualized earnings. Studds exports to over 70 countries and continues to strengthen its global presence.
The Studds Accessories IPO has started strong, with the issue subscribed 1.54 times by Day 2. With trusted brands like Studds and SMK, a wide product range, and a solid international presence, the company appears well-positioned for sustainable growth.
However, since the IPO is entirely an Offer for Sale and already valued at the upper band, investors should assess their financial goals before applying. Long-term investors may find the IPO attractive given Studds’ established market leadership and consistent performance.
Disclaimer: This article is for informational purposes only. It is not financial or investment advice. Investors should consult certified financial advisors before making investment decisions related to any IPO, including the Studds Accessories IPO.
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