The initial public offering (IPO) of Studds Accessories, a prominent helmet and motorcycle accessories manufacturer, concludes today, November 3, 2025. The IPO has seen significant investor interest.
Subscription Status
As of Friday, the IPO was oversubscribed by 5.08 times. Investors bid for 2.77 crore shares against the 54.5 lakh shares on offer. By the end of Day 2, the IPO was subscribed 3.62 times. Non-Institutional Buyers (NII) led the subscriptions with 6.17 times coverage, followed by retail investors at 4.59 times. On October 31, the retail category was subscribed 6.03 times, QIB (Ex Anchor) 0.04 times, and NII 9.62 times.
IPO Details
The IPO is a book-building issue worth ₹455.49 crore. It is entirely an offer for sale (OFS) of 78 lakh shares. The price band is set between ₹557 and ₹585 per share. Retail investors need to bid for a single lot size of 25 shares, requiring an investment of ₹14,625.
Grey Market Premium (GMP)
The grey market premium (GMP) for Studds Accessories IPO is ₹67 as of 8:00 a.m. on November 3. This indicates a listing price of ₹652 (₹585 + ₹67) per share, representing an 11.45% premium over the upper limit of the price band. This is the highest GMP recorded for the IPO since it opened on October 30. It's important to note that GMP is based on speculation and doesn't represent official data.
Key Dates
- IPO Closing Date: Today, November 3, 2025
- Allotment Finalization (Expected): November 4, 2025
- Share Transfer to Demat Accounts: November 6, 2025
- Listing Date (Tentative): November 7, 2025, on BSE and NSE
Financial Performance
In FY25, Studds Accessories reported a net profit of ₹69.64 crore, up from ₹57.23 crore in FY24. Revenue also increased to ₹583.82 crore from ₹485.56 crore. The company's total assets stood at ₹586.61 crore as of June 30, 2025, compared to ₹556.71 crore as of March 31, 2025.
Should You Apply?
Analysts at SBI Securities have recommended subscribing to the issue at the upper price band, citing the company's established brand, diversified product line, and dominant market position.
About the Company
Studds Accessories Ltd. is India's largest two-wheeler helmet manufacturer by volume. The company has a capacity of 9.04 million helmets per year across its three manufacturing facilities. Its brands, "Studds" and "SMK," are sold in over 70 countries.
Considerations
Investors should consider the risks associated with IPOs and the information available in the offer document before making a decision. The GMP is not an official indicator and can fluctuate based on market sentiment.
