#StuddsAccessories #StuddsIPO #IPO2025 #HelmetManufacturer #ICICISecurities #IIFLCapital #IndianStockMarket #InvestingInIndia #TwoWheelerSafety #EquityMarkets #RoadSafety #NSE #BSE #CapitalMarkets #InvestorAlert
Chandigarh: Studds Accessories Limited (“Studds” or “the Company”), one of India’s leading two-wheeler helmet and accessories manufacturers, is set to launch its highly anticipated Initial Public Offering (IPO) on Thursday, October 30, 2025. The issue will close for subscription on Monday, November 3, 2025, with the Anchor Investor bidding opening and closing on Wednesday, October 29, 2025.
The price band for the IPO has been fixed at ₹557 to ₹585 per equity share of face value ₹5 each. Bids can be made for a minimum of 25 equity shares and in multiples of 25 thereafter.
The IPO comprises a pure Offer for Sale (OFS) of up to 7,786,120 equity shares by existing shareholders, meaning the company will not receive any proceeds from the issue. Instead, the selling shareholders will offload part of their holdings to the public.
Details of the Offer for Sale
The Offer for Sale includes shares from both promoter and non-promoter shareholders.
The promoter selling shareholders include:
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Madhu Bhushan Khurana: Up to 3,800,000 equity shares
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Sidhartha Bhushan Khurana: Up to 800,000 equity shares
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Chand Khurana: Up to 2,100,000 equity shares
Additionally, the other selling shareholders include:
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Sanjay Leekha: Up to 342,000 equity shares
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Sanjay Leekha jointly with Charu Leekha: Up to 258,000 equity shares
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Charu Leekha: Up to 249,600 equity shares
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Nisha Leekha: Up to 100,800 equity shares
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Nain Tara Mehta: Up to 57,600 equity shares
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Sunil Kumar Rastogi: Up to 36,000 equity shares
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SE Shoes Private Limited: Up to 25,920 equity shares
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Ajay Kumar Sakhuja: Up to 16,200 equity shares
In total, 7,786,120 shares are being offered in the IPO.
Listing and Lead Managers
The equity shares are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited (NSE). For the purpose of this Offer, BSE Limited will be the designated stock exchange.
The IPO is being managed by two leading investment banks — IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and ICICI Securities Limited, who are acting as the Book Running Lead Managers (BRLMs) to the offer.
Regulatory and Procedural Framework
The Offer is being made in accordance with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, read with Regulation 31 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations (ICDR). The issue will be conducted through the Book Building Process, as per Regulation 6(1) of the SEBI ICDR framework.
Under this process:
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Not more than 50% of the Offer will be reserved for Qualified Institutional Buyers (QIBs).
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Up to 60% of the QIB category may be allocated to Anchor Investors on a discretionary basis.
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One-third of the Anchor Investor Portion will be reserved for domestic mutual funds, subject to valid bids at or above the Anchor Price.
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In case of under-subscription in the Anchor Investor portion, the remaining shares will be added to the Net QIB category.
Further, 5% of the Net QIB Category will be reserved exclusively for Mutual Funds, and the remaining portion will be available for all QIBs, including mutual funds.
Additionally:
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At least 15% of the Offer will be available for Non-Institutional Investors (NIIs), with a split between two subcategories — one-third for bids between ₹2 lakh and ₹10 lakh, and two-thirds for bids above ₹10 lakh.
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At least 35% of the Offer will be reserved for Retail Individual Investors (RIIs).
All non-anchor investors must apply through the Application Supported by Blocked Amount (ASBA) mechanism. Investors will need to provide their respective bank account or UPI details, where the bid amount will be blocked by their respective banks.
About Studds Accessories Limited
Founded in 1975, Studds Accessories Limited is one of India’s largest manufacturers of helmets and two-wheeler accessories, with a strong presence both domestically and internationally. The company produces a wide range of products, including:
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Motorcycle helmets under the Studds and SMK brands
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Riding accessories such as visors, gloves, and storage boxes
With a modern manufacturing base and continuous innovation in design and safety, Studds caters to a growing demand for protective gear among India’s expanding two-wheeler population. The company’s products are exported to more than 40 countries, making it one of the few Indian helmet brands with a significant global footprint.
The company’s IPO comes at a time when India’s automobile and safety gear market is witnessing strong growth, driven by increasing awareness of road safety, rising disposable incomes, and urban mobility trends.
Analyst Perspective
Market analysts view the IPO as an opportunity for investors to gain exposure to a consumer safety and lifestyle brand with a strong leadership position. Studds has consistently shown revenue growth, supported by brand equity and expanding export demand.
However, being a pure offer-for-sale, the proceeds will not be used for business expansion or debt reduction. This means that the IPO’s primary impact will be on providing liquidity to existing shareholders and increasing the company’s public float.
Given its strong brand recall, diversified product portfolio, and leadership in the protective gear market, the Studds IPO is expected to attract both retail and institutional investors looking for long-term value in the growing two-wheeler segment.
Conclusion
The Studds Accessories Limited IPO, opening on October 30, 2025, offers investors a chance to participate in the growth of one of India’s most trusted and recognized two-wheeler safety brands. With a robust financial history, strong export presence, and expanding domestic market, Studds’ public debut is likely to generate significant market interest.
The company’s listing on both BSE and NSE will further enhance visibility and liquidity, solidifying its position as a market leader in India’s two-wheeler accessories and safety segment.
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