The Studds Accessories IPO opened for subscription on October 30, 2025, with strong interest from investors in the grey market. The grey market premium (GMP) for the IPO started in the range of ₹53–₹55, reflecting investor optimism ahead of listing. The issue aims to raise ₹455.49 crore, with a price band of ₹557 to ₹585 per share and a market lot of 25 shares.
Grey Market Premium (GMP) Trend
Market observers have reported consistent grey market activity since the IPO announcement. The GMP peaked at ₹55 on October 28 and later dipped to ₹53 on October 30, indicating steady yet slightly cooled investor enthusiasm.
| Date | IPO GMP | GMP Trend | Gain |
|---|---|---|---|
| 30 Oct | ₹53 | Down | 9.06% |
| 29 Oct | ₹55 | Up | 9.40% |
| 28 Oct | ₹55 | Up | 9.40% |
Despite the marginal decline, the premium remains around 9% over the issue price, suggesting healthy market sentiment as the subscription window opens.
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Studds Accessories IPO Details
The IPO opened on October 30, 2025, and is scheduled to close on November 3, 2025. Key details include:
Face Value: ₹5 per equity share
Price Band: ₹557 to ₹585 per share
Issue Size: Approx. ₹455.49 crore
Offer for Sale: 77,86,120 equity shares
Issue Type: Book Built Issue
Listing: BSE and NSE
The basis of allotment will be finalized on November 4, 2025, with refunds and share credits expected on November 6, followed by the listing on November 7, 2025. The IPO bidding cut-off time is November 3, 5 PM.
Company Overview
Studds Accessories Limited, headquartered in Faridabad, Haryana, was incorporated in 1975 and began operations in 1983. The company manufactures two-wheeler helmets and motorcycle accessories under its renowned brands — “Studds” and “SMK.”
Studds is recognized as India’s largest two-wheeler helmet company by revenue in FY2023 and the world’s largest by the number of helmets sold in FY2024. The company’s strong global presence and established brand equity have helped it maintain leadership in the motorcycle accessories market.
Financial Performance
Between FY2024 and FY2025, Studds reported an 11% growth in revenue and a 22% rise in profit after tax (PAT). The improvement in financial performance highlights the company’s steady demand growth, operational efficiency, and expanding footprint across domestic and international markets.
IPO Outlook
Studds Accessories’ consistent financial growth, strong market leadership, and premium brand positioning have generated steady investor interest. The GMP range of ₹53–₹55, translating to about a 9% premium over the upper price band, suggests positive sentiment ahead of listing.
As the IPO progresses through its subscription period, all eyes remain on whether the helmet giant can ride high and deliver solid listing gains for investors.
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