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Initial public offerings

Studds Accessories to Launch IPO on October 30; Expects Strong Listing on November 7

Strategic Insights

— 1 min read

Studds Accessories Limited, a Haryana-based helmet manufacturer, is set to launch its Initial Public Offering (IPO) on October 30, marking the third major public issue of the week. The IPO is entirely an Offer for Sale (OFS), with the company's promoters offloading a total of 7.786 million shares. The listing is expected on November 7, following a strong FY25 growth and a steady Q1 FY26 performance.

Key Takeaways:

  • The IPO is an entirely Offer for Sale (OFS), with the company's promoters offloading 7.786 million shares.
  • The IPO will open for anchor investors on October 29, with the subscription window for the public closing on November 3.
  • The share allotment is expected to be finalized on November 4, followed by the listing on November 7.
  • The company's promoters, including Madhu Bhushan Khurana, his son Sidhartha Bhushan Khurana, and daughter Shilpa Arora, hold 78.78 percent of the equity.
  • Studds Accessories is one of India's most recognized helmet manufacturers, operating three large production facilities with a combined annual capacity of 9.04 million helmets.
  • The company exports its helmets to over 70 countries, including the US, Europe, and Australia, and has also manufactured helmets for Jay Squared LLC (Daytona) and O'Neal under their brand names.
  • In FY 2024-25, the company reported a 21.7 percent rise in profit to Rs 69.6 crore on revenues of Rs 583.8 crore, and in Q1 FY26, it earned Rs 20.2 crore profit on Rs 149.2 crore revenue.

Statistics:

  • Volume of shares offloaded under the OFS: 7,786 million
  • Number of countries to which Studds Accessories exports helmets: 70
  • Combined annual capacity of Studds Accessories' three production facilities: 9.04 million helmets
  • Revenues for FY 2024-25: Rs 583.8 crore
  • Profit for FY 2024-25: Rs 69.6 crore
  • Profit for Q1 FY26: Rs 20.2 crore
  • Revenues for Q1 FY26: Rs 149.2 crore

Sources:

  • Indian National Press (Bombay) Pvt. Ltd.
  • Studds Accessories Limited's IPO draft papers (March 2025)
  • SEBI approval of Studds Accessories' IPO (July 2025)
  • IIFL Capital Services and ICICI Securities (Merchant Bankers)
  • Contify.com (Copyright 2025)

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