About
Studds Accessories Ltd. began its journey in 1983, manufacturing its first helmet in a garage. Over the past four decades, it has grown to become India’s largest two-wheeler helmet player by revenue (Fiscal 2023) and the world’s largest by volume (Calendar 2024). With an annual manufacturing capacity of 9.04 million units, Studds offers a wide range of helmets and two-wheeler accessories under the trusted brands Studds and SMK. Its products are sold across India and exported to over 70 countries, driven by a strong commitment to safety, innovation, and quality.
Issue size
| Funds to be raised in the IPO | Amount |
|---|---|
| Overall | Up to 7,786,120 Equity Shares of face value of ₹5 each |
| Fresh issue | Not applicable |
| Offer for sale | Up to 7,786,120 Equity Shares of face value of ₹5 each |
The utilisation of proceeds
| Purpose | INR crores (%) |
|---|---|
| Company will not receive any proceeds of the Offer for Sale by the Selling Shareholders. Each of the Selling Shareholders will be entitled to the respective proportion of the proceeds of the Offer for Sale after deducting their portion of the Offer related expenses and the relevant taxes thereon. | N/A |
Financial snapshot
| Financial Year | FY 2022 (INR Cr) | FY 2023 (INR Cr) | FY 2024 (INR Cr) |
|---|---|---|---|
| Total Assets | 455.4 | 461.0 | 485.5 |
| Revenue | 467.9 | 506.4 | 535.8 |
| Profit after Tax | 28.6 | 33.1 | 57.2 |
IPO schedule
| Issue Period | TBD |
|---|---|
| Price band | TBD |
| Minimum Bid quantity | TBD |
| UPI Mandate Deadline | TBD |
| Allotment Finalization | TBD |
| Refund Initiation | TBD |
| Share Credit | TBD |
| Listing Date | TBD |
| Mandate end date | TBD |
| Lock-In End Date for Anchor Investors (50%) | TBD |
| Lock-In End Date for Anchor Investors (Remaining) | TBD |
Strengths
- A leading two-wheeler helmet brand with strong market position.
- Diverse product range across styles, features, and prices.
- Fully integrated design and advanced manufacturing capabilities.
- Pan-India and global reach with trusted distribution and certifications.
- Efficient, scalable, and sustainability-focused business operations.
Risks
- All plants in Faridabad increase regional disruption risk.
- Flammable materials used pose serious operational safety hazards.
- Export markets expose Studds to product liability claims.
- Heavy helmet reliance ties growth to the auto sector.
- Delays in approvals can halt factory-level operations.