The Initial Public Offering (IPO) of Studds Accessories Limited received an overwhelming response from investors, closing with a subscription of 73.35 times by the end of Day 3, driven largely by strong interest from institutional buyers.
The IPO, open for bidding between October 30 and November 3, 2025, saw bids for 32.92 crore shares against the 54.50 lakh shares available.
Investor Breakdown
- Qualified Institutional Buyers (QIBs) led the rally, subscribing 160 times their allotted quota, with bids for 24.19 crore shares against 15.57 lakh shares.
- The Non-Institutional Investors (NII) segment also showed robust interest, subscribing 78 times, while the retail investor category was subscribed 22 times.
IPO Details
The ₹455.49 crore IPO was an Offer for Sale (OFS) of 0.78 crore shares.
- Price Band: ₹557–₹585 per share
- Face Value: ₹5 per share
- Lot Size: 25 shares (₹14,625 per lot at the upper band)
- Allotment Date: November 4, 2025
- Tentative Listing Date: November 7, 2025
- Exchanges: BSE and NSE
Grey Market Premium (GMP)
According to market sources, the GMP for Studds Accessories IPO stood at ₹145 per share as of today, signaling a potential 13.6% listing gain. Based on the upper price band of ₹1,065, the stock could list around ₹1,210 per share in the grey market.
However, analysts caution that GMP is only an indicative metric and should not solely influence investment decisions.
About Studds Accessories
Studds Accessories is India’s largest two-wheeler helmet manufacturer by revenue (FY2024) and the world’s largest by volume (CY2024). The company, with nearly five decades of experience, sold 7.4 million helmets in FY2025.
Its brands Studds and SMK are sold in over 70 countries, with SMK—launched in 2016—gaining strong traction in both Indian and international markets.
The robust IPO subscription highlights investors’ confidence in the company’s market leadership and expansion potential in the safety gear segment.
