Studds Accessories IPO Sees Overwhelming Demand, Subscribed 5.08x on Day 2

On November 3, 2025, the initial public offering (IPO) of helmet manufacturer Studds Accessories Ltd. was in its third day of bidding. The company had set a price band of ₹557 to ₹585 per share for its ₹455.49 crore public issue, which is entirely an offer-for-sale (OFS) of 77.86 lakh equity shares.

The Studds IPO had seen strong investor interest, with the subscription status reaching 5.08 times on the second day of bidding. The retail portion was subscribed 6.02 times, while the Non-Institutional Investors (NII) portion was booked 9.62 times. The Qualified Institutional Buyers (QIBs) portion, however, received only 4% bids.

Prior to the IPO, Studds Accessories had raised nearly ₹137 crore from anchor investors on October 30, 2025. The company's public issue is scheduled to conclude on November 3, 2025, and at the upper end of the price band, it aims to achieve a valuation of around ₹2,300 crore.

Founded in 1975, Studds specializes in the design, manufacture, marketing, and sale of two-wheeler helmets under the 'Studds' and 'SMK' brands, as well as various motorcycle accessories. The company supplies products to leading motorcycle original equipment manufacturers (OEMs) such as Hero MotoCorp, Honda Cars India, Suzuki Motorcycle India, Eicher Motors (Royal Enfield), and India Yamaha Motor.