The Studds Accessories IPO is one of the most anticipated public issues in 2025, as India’s leading two-wheeler helmet manufacturer gears up to hit Dalal Street. The company aims to raise ₹455.49 crore through a 100% book-built issue, opening for subscription on October 30, 2025, and closing on November 3, 2025.
The IPO price band has been fixed between ₹557 and ₹585 per share, with a lot size of 25 shares. Retail investors can apply with a minimum investment of ₹14,625 per lot. The Studds Accessories IPO allotment date is expected on November 4, 2025, and the listing is tentatively scheduled for November 7, 2025, on both the BSE and NSE.
About Studds Accessories Limited
Incorporated in 1983, Studds Accessories Limited is India’s largest two-wheeler helmet manufacturer by revenue and the world’s largest by volume. The company designs, manufactures, markets, and sells helmets and motorcycle accessories, including luggage, gloves, riding jackets, rain suits, and eyewear.
With over 240 helmet models and 19,000+ SKUs, Studds caters to both the mass and premium segments through its two flagship brands — Studds and SMK. While Studds targets the budget and mid-range category, SMK focuses on premium customers in India and Europe.
The company operates three advanced manufacturing facilities in Faridabad, Haryana, with a combined annual capacity of 90.4 lakh units, selling nearly 74 lakh helmets in FY25. Its strong export network spans over 70 countries, and it supplies directly to top OEMs such as Hero MotoCorp, Honda, Suzuki, Royal Enfield, and Yamaha.
Studds Accessories Financial Performance
Studds Accessories has shown strong financial growth, supported by brand dominance and product diversification:
- Revenue: ₹499.17 Cr (FY23) → ₹583.82 Cr (FY25)
- Net Profit: ₹33.15 Cr → ₹69.64 Cr
- EBITDA: ₹60.05 Cr → ₹104.84 Cr
- Total Assets: ₹461.07 Cr → ₹556.71 Cr
This consistent increase in profit and revenue reflects operational efficiency and rising market demand.
Strengths of Studds Accessories Limited
- Market Leadership: Largest helmet brand in India by revenue and world leader by volume.
- Diverse Product Portfolio: 240+ designs across helmets and accessories, appealing to all customer segments.
- Pan-India and Global Presence: Strong distributor network of 363 distributors across India and exports to 70+ countries.
- OEM Partnerships: Supplies to leading two-wheeler brands, contributing to steady and recurring revenues.
- Advanced Technology: Manufacturing units with automation, robotic painting, and in-house design expertise.
Risks and Concerns
- Heavy dependence on the two-wheeler market, which accounts for nearly 93% of total revenue.
- All manufacturing units located in Faridabad expose the company to regional operational risks.
- High raw material costs, accounting for nearly half of total expenses, may affect margins.
- Dependence on international regulations for exports impacts overseas demand.
The Studds Accessories IPO offers investors a chance to invest in a market leader with nearly five decades of experience, strong brand value, and expanding global presence. Its consistent financial performance, wide distribution reach, and diverse product portfolio make it a promising long-term bet.
However, investors should remain aware of risks like sector dependence and raw material volatility before investing.
At Finowings, we believe the Studds Accessories IPO stands out for its solid fundamentals and leadership in the protective gear segment. With steady profit growth and global scalability, this IPO could be a strong addition to your portfolio in 2025 — especially for investors looking to tap into India’s expanding two-wheeler ecosystem.
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