The much-awaited Studds Accessories IPO opened for subscription today, October 30, 2025, and will remain open until November 3, 2025. India’s largest two-wheeler helmet maker by revenue has entered the primary market with an aim to raise ₹455.49 crore, entirely through an Offer for Sale (OFS) route.
According to market observers, Studds Accessories shares are trading at a ₹55 premium in the grey market. This suggests a healthy investor appetite for the IPO, although the sentiment remains watchful amid broader market volatility.
Studds Accessories IPO Details at a Glance
- IPO Price Band: ₹557 – ₹585 per share
- Issue Size: ₹455.49 crore (entirely OFS)
- Lot Size: 25 shares per lot
- IPO Open Date: October 30, 2025
- IPO Close Date: November 3, 2025
- Expected Allotment Date: November 4, 2025
- Likely Listing Date: November 7, 2025 (BSE & NSE)
- Registrar: MUFG Intime India Pvt Ltd
- Lead Managers: ICICI Securities and IIFL Capital Services
Studds Accessories IPO GMP Today
As of Thursday, the Studds Accessories IPO GMP (Grey Market Premium) stands at ₹55 per share, indicating that the IPO could list around ₹640 if the current sentiment sustains.
Market observers believe the premium may improve further if the bullish momentum on Dalal Street continues over the next few sessions.
Studds Accessories IPO Subscription Status (Day 1)
By 11:33 AM on the opening day, the IPO was 0.50 times subscribed overall.
- Retail investors’ portion: 0.81 times subscribed
- Non-Institutional Investors (NII): 0.45 times subscribed
The response indicates decent retail participation early in the day, with expectations of stronger bidding in the later sessions.
About Studds Accessories Ltd
Studds Accessories Limited is a globally recognized name in the two-wheeler helmet and accessories market. It operates three major manufacturing plants with a combined capacity of 9.04 million units and sold 7.40 million helmets in FY2025.
The company exports to 70+ countries and is setting up its fifth manufacturing facility by the end of 2025 to meet rising demand.
Studds holds a leadership position as India’s largest helmet maker by revenue (FY2024) and the world’s largest by volume (CY2024).
Financial Snapshot and Performance
- Revenue (FY2025): Stable with modest 2.1% growth projected for FY2026
- Profit After Tax (PAT): ₹70 crore
- Cash Reserves: ₹63 crore
- Export CAGR: 21%
Despite a minor slowdown in topline growth, the company maintains strong liquidity and solid OEM partnerships, especially with leading two-wheeler manufacturers.
Expert Review: Should You Subscribe?
Canara Bank Securities has assigned a ‘SUBSCRIBE’ rating to the IPO, citing Studds’ strong brand positioning, global leadership, and regulatory tailwinds from stricter helmet norms in India.
“India’s largest two-wheeler helmet maker with growing exports and consistent profits offers long-term value. Despite an OFS structure, the company’s fundamentals remain robust,” the brokerage stated.
Arun Kejriwal, Founder of Kejriwal Research and Investment Services, also expressed optimism:
“The IPO looks attractive even with an Offer for Sale, given the promising future of the two-wheeler safety segment. Short-term investors may see listing gains, while long-term holders can benefit from growth potential.”
Is Studds Accessories IPO a Good Bet for Investors?
The Studds IPO offers investors exposure to a market leader with a strong export footprint and a growing safety gear market. While the entire issue is an OFS — meaning no new funds will flow into the company — the pricing appears reasonable given its brand dominance and profitability.
For investors eyeing listing gains, the ₹55 grey market premium signals potential upside. However, long-term investors may also find value in Studds’ sustained global expansion and increasing domestic demand driven by safety regulations.
Key Highlights
- IPO GMP at ₹55 on opening day
- Subscription at 0.50x by mid-morning
- Price band ₹557–₹585 per share
- ₹455.49 crore OFS issue size
- Experts recommend a “Subscribe” tag
- Likely listing on November 7, 2025
Summary
The Studds Accessories IPO made a promising debut with solid retail participation and a healthy grey market premium. Backed by strong fundamentals, global leadership, and positive analyst sentiment, it appears to be a moderately safe and growth-oriented bet for both short-term and long-term investors.