Haryana-based helmet maker Studds Accessories has decided to open its initial share sale for public subscription on October 30. This would be the third mainboard IPO launching next week, along with Orkla India and Lenskart Solutions.
The initial public offering (IPO) comprises entirely offer-for-sale of 77.86 lakh shares by promoters and other selling shareholders.
Hence, the entire IPO proceeds will go to selling shareholders, and the company will not receive any money from the offer.
The one-day IPO anchor book will be opened on October 29, while the public subscription for the IPO will close on November 3. The company will finalise its IPO share allotment by November 4 and make its market debut on November 7.
Promoters, including Madhu Bhushan Khurana, his son Sidhartha Bhushan Khurana, and daughter Shilpa Arora, hold 78.78 percent shareholding in Studds Accessories. The public owns the remaining 21.22 shares.
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With three manufacturing facilities having annualised production capacity of 9.04 million units, Studds Accessories manufactures and sells two-wheeler helmets under the Studds and SMK brands as well as other accessories (two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eyewear) under the Studds brand.
The company, being a pan-India player and seller in more than 70 countries, also manufactures helmets for Jay Squared LLC (which are sold under the Daytona brand in the USA) as well as for O’Neal under their branding, and supplies to markets in Europe, the US, and Australia.
Studds Accessories has recorded decent financial performance in the recent past years with profit in the fiscal 2025 soaring 21.7 percent to Rs 69.6 crore compared to Rs 57.2 crore inthe previous year. Revenue during the same period increased 10.4 percent to Rs 583.8 crore, up from Rs 529 crore.
Profit in the quarter ended June 2025 stood at Rs 20.2 crore on revenue of Rs 149.2 crore.
Studds Accessories had filed a draft document with the SEBI for its IPO on March 26, while the market regulator had approved the said papers in July this year.
The merchant bankers managing the Studds Accessories IPO are IIFL Capital Services and ICICI Securities.
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