Studds Accessories Ltd, India’s largest two-wheeler helmet manufacturer, is set to launch its ₹455.49 crore initial public offering (IPO) on October 30, 2025, which will close on November 3, 2025. The issue is entirely an offer for sale (OFS) of 0.78 crore shares, with no fresh issue component.

The price band for the IPO has been fixed at ₹557–585 per share, with investors able to bid for a minimum of 25 shares and in multiples thereafter. The market capitalisation of the company at the upper price band is estimated at ₹2,302 crore.

At the upper end of the price band, the minimum application amount for retail investment is ₹14,625. The Delhi-based company has reserved 50% of the offer for qualified institutional buyers (QIBs), up to 35% for retail investors, and the remaining 15% for non-institutional investors (NIIs).

Founded in 1975, Studds Accessories has evolved into a global player with a strong presence in both the mass and the mid-market segments through its flagship Studds brand, and in the premium motorcycle segment via its SMK brand, launched in 2016.

According to a CARE Ratings report mentioned in the DRHP, the company is the largest two-wheeler helmet manufacturer in India by revenue (FY24) and the world’s largest by volume (CY24). Its products are sold pan-India and exported to over 70 countries across the Americas, Europe, Asia, and other regions.

As of March 31, 2025, the company operated three manufacturing facilities with a combined annualised capacity of 9.04 million units, and sold approximately 7.4 million helmets in FY25.

Studds has built a strong distribution network with 363 active distributors across India and exports to over 70 international markets. It also supplies helmets and motorcycle accessories to leading OEMs, including Hero MotoCorp, Honda Cars India, Suzuki Motorcycle India, Eicher Motors (Royal Enfield), and India Yamaha Motor.

In addition, Studds manufactures helmets for Jay Squared LLC (under the Daytona brand) and O’Neal, supplying to markets in Europe, the U.S., and Australia. It also serves institutional clients such as the Central Police Canteens and the Canteen Stores Department.

The company has demonstrated consistent financial growth. Between FY24 and FY25, Studds’ revenue rose 11% to ₹595.89 crore, while profit after tax (PAT) increased 22% to ₹69.64 crore.

As of June 30, 2025, total income stood at ₹152.01 crore, and PAT at ₹20.25 crore. The company’s EBITDA rose to ₹104.84 crore in FY25 from ₹90.19 crore in FY24, while net worth improved to ₹449.48 crore from ₹387.41 crore a year earlier.

The shares are proposed to be listed on the BSE and the NSE on November 7, 2025. This marks Studds Accessories’ second attempt at going public, after its earlier IPO plan in 2018 did not materialise. The previous proposal had included a fresh issue worth ₹98 crore and an offer for sale of 39.4 lakh shares, but the company deferred the plan due to adverse market conditions.

The renewed listing effort now comes at a time of strong investor appetite for consumer durable and lifestyle manufacturing firms, supported by a favourable equity market environment.

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