The long-awaited Studds Accessories IPO has opened for subscription, attracting attention from investors across the country. Known for being India’s leading helmet and two-wheeler accessories manufacturer, Studds is now stepping into the stock market arena with a promising offer. But is it worth your investment? Here’s a detailed breakdown covering the price band, issue details, grey market premium (GMP), company fundamentals, and expert insights.
IPO Key Highlights
- IPO Name: Studds Accessories Ltd
- Industry: Helmets & Two-Wheeler Accessories
- Price Band: ₹557 – ₹585 per share
- Issue Size: Approx. ₹455.49 crore
- Offer Type: 100% Offer for Sale (OFS)
- Lot Size: 25 shares per lot
- IPO Open Date: October 30, 2025
- IPO Close Date: November 3, 2025
- Tentative Listing Date: November 7, 2025
- Stock Exchanges: NSE & BSE
- Grey Market Premium (GMP): Around ₹55 (as of latest reports)
The Studds Accessories IPO is entirely an OFS, which means that the proceeds will go to existing shareholders rather than the company. Hence, while this IPO allows investors to participate in a well-known brand, it doesn’t bring fresh capital into the business.
About Studds Accessories Ltd
Founded in 1973, Studds Accessories Ltd is a household name for motorcyclists in India. The company manufactures a wide range of helmets and motorcycle accessories under brands like Studds and SMK. It caters to both mass-market and premium segments and exports products to over 70 countries, making it one of the largest helmet manufacturers in the world by volume.
The Studds Accessories IPO comes at a time when the Indian two-wheeler industry is experiencing renewed momentum. With increased awareness of road safety and stricter helmet regulations, demand for quality helmets has surged in both domestic and export markets.
This IPO arrives at a time when India’s two-wheeler industry is rebounding. Rising safety awareness and stricter helmet laws are creating strong tailwinds for companies like Studds.
If you follow other investment opportunities in sectors like Unlisted Shares or pre-IPO markets, this IPO adds another interesting option to diversify your portfolio.
Financial Performance Snapshot
According to its FY2024–25 financials, Studds Accessories reported steady growth in both revenue and profit. While the detailed figures are available in its Red Herring Prospectus (RHP), market reports suggest:
- Revenue (FY25): Estimated growth of around 10% YoY
- Net Profit (FY25): Approximately ₹95 crore
- EBITDA Margins: Stable, supported by efficient operations and cost control
- P/E Ratio (Upper Band): Around 33x FY25 earnings
The company’s financial position reflects operational stability and consistent profitability — both important factors when considering the Studds Accessories IPO for long-term investment.
Market Position & Business Strength
Studds enjoys a commanding position in India’s helmet market, competing with brands like Vega, Steelbird, and LS2. The company’s dual-brand strategy (Studds for mass, SMK for premium) allows it to target different consumer groups effectively.
Key strengths:
- Market Leadership: Largest helmet manufacturer in India by revenue, and one of the largest globally by volume.
- Diverse Product Range: Over 50 helmet models and multiple accessories such as gloves, visors, and riding gear.
- Export Footprint: Strong presence in Europe, Asia, and Africa.
- Brand Equity: “Studds” is synonymous with helmets in India — a huge brand advantage.
- Regulatory Tailwinds: Growing emphasis on road safety and helmet compliance boosts potential demand.
Given these factors, the Studds Accessories IPO provides investors access to a company that stands on a strong brand and operational foundation.
Risks and Concerns
While the company’s fundamentals are attractive, there are certain risks associated with investing in the Studds Accessories IPO:
- Offer for Sale (OFS) Structure: Since the issue is a pure OFS, the company won’t receive any fresh funds. This limits the immediate impact on growth plans.
- Raw Material Dependency: Price fluctuations in plastics and EPS liners can affect margins.
- Competitive Pressure: Intense competition from both domestic and imported brands.
- Currency Fluctuations: Export-heavy revenue exposes the company to forex risks.
- High Valuation: A P/E of ~33x may be on the higher side for the manufacturing sector, especially for an OFS issue.
Therefore, while the business is strong, valuation and lack of capital inflow are key factors investors must weigh before applying for the Studds Accessories IPO.
Grey Market Premium (GMP) Analysis
As of late October 2025, the Studds Accessories IPO was commanding a GMP of around ₹55–₹60, implying a potential 9–11% listing gain. However, GMP is unregulated and can fluctuate until the listing date. Still, the positive premium indicates healthy investor sentiment and possible short-term upside.
Valuation & Peer Comparison
| Company | Industry | FY25 P/E | Market Position |
|---|---|---|---|
| Studds Accessories | Helmets | ~33x | Market leader |
| Vega Auto | Helmets | ~25x | Strong domestic presence |
| Steelbird | Helmets | ~22x | Competitive pricing |
| Minda Corp | Auto Components | ~29x | Diversified auto parts |
While Studds trades at a premium to peers, its leadership position, export potential, and strong brand arguably justify the valuation to some extent. For investors with a longer horizon, brand-driven compounding could make it an attractive pick — provided growth sustains post-listing.
Subscription Strategy — Should You Apply?
For short-term traders, the Studds Accessories IPO looks appealing due to the positive GMP and expected strong subscription across retail and HNI categories. Listing gains of 8–10% seem achievable if market conditions remain stable.
For long-term investors, it’s a quality company but not without concerns. The absence of fresh capital infusion limits expansion plans. Hence, it may be wiser to monitor post-listing performance and accumulate gradually once the market stabilizes around fair value.
If you’re exploring diversified investment avenues, also consider your allocation in Mutual Funds alongside IPOs to balance growth and stability.
Expert View
Market analysts suggest that the Studds Accessories IPO could see strong retail participation because of the brand’s familiarity and the relatively affordable lot size (~₹14,625 at upper band). Analysts view the company as a long-term growth play in a niche sector that’s bound to expand with rising road safety awareness.
However, investors should remain cautious about overpaying for brand reputation alone. With no fresh funds coming in, medium-term growth will depend on internal accruals and operational efficiency.
Final Conclusion
The Studds Accessories IPO offers investors a chance to own a piece of a brand that has dominated India’s helmet market for decades. Its strong brand equity, consistent profitability, and export presence make it a compelling story. However, since the IPO is purely an OFS, the company won’t benefit from the proceeds — limiting short-term growth potential.
For those seeking quick listing gains, applying might make sense given the positive GMP and high investor interest. Long-term investors, on the other hand, may prefer to wait for post-listing stability and then consider entry based on valuation.
In summary, Studds Accessories IPO is a solid offering from a reputable brand — a mix of safety, stability, and brand value, but priced for perfection.
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FAQs about Studds Accessories IPO
1. What is the price band of Studds Accessories IPO?
The price band is fixed between ₹557 and ₹585 per share.
2. What is the lot size for retail investors?
The minimum application size is one lot of 25 shares (₹14,625 at upper band).
3. What are the IPO opening and closing dates?
It opens on October 30, 2025, and closes on November 3, 2025.
4. What is the Studds Accessories IPO GMP today?
The latest GMP is around ₹55, indicating a possible 9–11% premium over the issue price.
5. Is it a good idea to invest in Studds Accessories IPO?
For short-term listing gains, yes, the IPO looks promising. For long-term investors, valuation and the OFS nature of the issue warrant careful consideration.
