Haryana-based helmet manufacturer Studds Accessories is set to launch its initial public offering (IPO) on October 30, marking the third mainboard IPO next week alongside Orkla India and Lenskart Solutions.
The IPO will be an entirely offer-for-sale of 77.86 lakh shares by promoters and other existing shareholders. As a result, all proceeds from the IPO will go to the selling shareholders, and the company will not receive any funds from the issue.
The anchor book will open for one day on October 29, while the public subscription will run until November 3. The IPO share allotment is expected to be finalised by November 4, with the company scheduled to debut on the market on November 7.
Promoters, including Madhu Bhushan Khurana, his son Sidhartha Bhushan Khurana, and daughter Shilpa Arora, hold 78.78% of the company, while the public owns the remaining 21.22%.
With three manufacturing facilities and an annualised production capacity of 9.04 million units, Studds Accessories produces two-wheeler helmets under the Studds and SMK brands, along with accessories such as gloves, helmet locks, rain suits, riding jackets, luggage, and eyewear under the Studds brand.
The company has a pan-India presence and exports to over 70 countries. It also manufactures helmets for Jay Squared LLC (sold as Daytona in the USA) and O’Neal, supplying markets in Europe, the US, and Australia.
In terms of financial performance, Studds Accessories reported a 21.7% rise in profit to Rs 69.6 crore in FY25 from Rs 57.2 crore the previous year. Revenue grew 10.4% to Rs 583.8 crore from Rs 529 crore. In Q1 FY26 (quarter ended June 2025), profit stood at Rs 20.2 crore on revenue of Rs 149.2 crore.
The company had filed a draft IPO document with SEBI on March 26, with approval granted in July 2025. The IPO is being managed by IIFL Capital Services and ICICI Securities.
Disclaimer: Investment in the IPO is subject to market risks. Investors should read the Red Herring Prospectus carefully before investing.
