According to a public release from the corporation, the anchor book will open for one day on October 29 and the issue will open on October 30 and end on November 3. The promoter group and other shareholders will sell 77.86 lakh shares during the IPO, which will only consist of an offer-for-sale (OFS).
Studds Accessories Ltd., a helmet manufacturer based in New Delhi, is to launch its initial public offering (IPO) on October 30 with the goal of raising INR 455 crore.
The business has established a price range of INR 557 to INR 585 per share, with the high end of the range valued at around INR 2,300 crore.
According to a public notice from the corporation, the anchor book will open for one day on October 29 and the issue will expire on November 3.
The promoter group and other shareholders will sell 77.86 lakh shares during the IPO, which will only consist of an offer-for-sale (OFS).
Studds will not get any revenues because the offering is only an OFS; instead, the selling stockholders will receive full proceeds.
Founded in 1975, Studds designs, produces, promotes, and sells a variety of motorcycle accessories, such as luggage, gloves, rain suits, riding jackets, eyeglasses, and helmet locks, in addition to two-wheeler helmets under the “Studds” and “SMK” brands. SMK was introduced in 2016 and is aimed for luxury bikers, whilst Studds serves the mass and mid-market groups.
The Americas, Asia (apart from India), Europe, and other areas are important markets for the company’s products, which are marketed across India and exported to more than 70 nations. Additionally, it produces helmets for foreign companies including O’Neal, which are sold in Europe, the US, and Australia, and Jay Squared LLC, which is sold under the Daytona brand in the US.
Studds is the biggest two-wheeler helmet manufacturer in the world by volume in 2024 and the biggest in India by revenue in FY2024, according to a CARE analysis. Approximately 7.4 million helmets were sold in FY2025, and as of March 31, 2025, its three manufacturing sites had a combined annual capacity of 9.04 million pieces.
Hero MotoCorp, Honda Cars India, Suzuki Motorcycle India, Eicher Motors (Royal Enfield), and India Yamaha Motor are just a few of the top motorcycle OEMs that the firm sells goods to. Additionally, it serves institutional and governmental purchasers, including the Canteen Stores Department and the Central Police Canteens.
Qualified institutional purchasers will receive half of the issue size, retail investors will receive 35%, and non-institutional investors will receive the remaining 15%.
IIFL Capital Services and ICICI Securities will oversee the public offering, and shares are anticipated to float on the stock markets on November 7.
Studds has already made two attempts to go public. Although the business gained Sebi’s permission in December 2018 after submitting draft documents to the market regulator in August 2018, it did not move further with the offering at that time. PTI
