Studds Accessories IPO Day 1: GMP, Date, Subscription Status, and Review — Good or Bad Bet for Investors?

Studds Accessories IPO Overview

The much-awaited Studds Accessories IPO opened for public subscription on October 30, 2025, and will remain open until November 3, 2025. The two-wheeler helmet and accessories manufacturer aims to raise ₹455.49 crore, entirely through an Offer for Sale (OFS).

• IPO Price Band: ₹557 – ₹585 per equity share

• Lot Size: 25 shares per lot

• Issue Size: ₹455.49 crore (OFS)

• Registrar: MUFG Intime India Pvt. Ltd.

• Lead Managers: ICICI Securities and IIFL Capital Services

• Listing Exchange: BSE and NSE

• Likely Allotment Date: November 4, 2025

• Likely Listing Date: November 7, 2025

Studds Accessories IPO GMP (Grey Market Premium) Today

As per market observers, the Studds Accessories IPO GMP today stands at ₹55, indicating a positive sentiment in the grey market. This means that investors are willing to pay ₹55 more than the upper price band of ₹585, valuing the issue at around ₹640 per share in the grey market.

Experts believe that if the current bullish trend on Dalal Street continues, the GMP may rise further before the IPO closes.

Day 1 Subscription Status (As of 3:30 PM)

The IPO received strong investor interest on its opening day.

This positive response suggests healthy demand, especially from retail investors looking for potential listing gains.

About Studds Accessories Limited

Studds Accessories Limited is India’s largest two-wheeler helmet manufacturer by revenue (FY2024) and the world’s largest by volume (CY2024). The company manufactures helmets and two-wheeler accessories through three fully operational plants, with a total capacity of 9.04 million units per year, and plans to add a fifth plant by the end of 2025.

Key Highlights:

• Sold 7.4 million helmets in FY2025

• Exports to 70+ countries

• Strong OEM partnerships

• Maintains a 21% CAGR in exports

• PAT of ₹70 crore with strong liquidity (₹63 crore in cash)

Expert Review: Is Studds Accessories IPO a Good Bet?

Canara Bank Securities Review: “SUBSCRIBE”

“India’s largest helmet maker with robust export potential, Studds shows strong fundamentals, global presence, and upcoming capacity expansion. Despite moderate topline growth in FY2026 and EBITDA below pre-COVID levels, the company’s brand leadership and profitability justify a ‘SUBSCRIBE’ rating.”

Arun Kejriwal (Kejriwal Research & Investment Services)

“Despite being a pure OFS issue, Studds offers promising prospects in the growing two-wheeler safety gear market. Priced reasonably, it’s attractive for short-term listing gains as well as long-term investors.”

Key IPO Details at a Glance

Studds Accessories IPO — Strengths and Risks

Strengths:

• Dominant brand in India and global markets

• Expanding production capacity

• Strong financials and export performance

• Established OEM partnerships

Risks:

• Entirely OFS issue (no fresh fund infusion)

• Slower projected topline growth in FY2026

• Competitive two-wheeler accessory segment

Verdict: Should You Apply?

For investors seeking a strong brand, export growth, and short-term listing gains, the Studds Accessories IPO looks like a good bet. Analysts’ consensus indicates a “Subscribe” recommendation, supported by steady financial performance and global leadership in the helmet industry.

However, since the IPO is 100% Offer for Sale, it’s more suitable for short to medium-term investors rather than those looking for fresh capital growth from expansion proceeds.

Important Dates

Conclusion

The Studds Accessories IPO reflects a stable, growth-oriented business with strong fundamentals and export-driven momentum. While not a deep-value IPO, it offers reasonable pricing and brand dominance that make it appealing for both retail and institutional investors.

Final Call: SUBSCRIBE for moderate to strong listing gains and medium-term holding.