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15 Days Price Change

Studds Accessories IPO

Closing In

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WEBSITE Inc. Year: 1983 Industry: Auto Ancillary Listed Page

Profile
Issue Size 318.84 Cr
Profile
Price Range 557  to  585 per share
Profile
Min Investment ₹585
Profile
Lot Size 1
Profile
Face Value ₹5
Profile
Draft Prospectus
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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

We design, manufacture, market and sell two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands and otheraccessories (such as two-wheeler luggage, gloves, helmet locking device, rain suits, riding jacket and eye wear) underour ‘Studds’ brand. Our products are sold pan-India and in more than 70 countries internationally, with our key exportmarkets situated across Americas, Asia (excluding India), Europe and rest of the world. We also manufacture helmetsfor Jay Squared LLC, which are sold under the “Daytona” brand in the United States of America, as well as for O’Nealunder their branding, supplying to markets in Europe, United States of America and Australia. Read More

Basic Info

Face Value 5 per share

Price 557  to  585 per share

P/E (x) 33.1

Sales( Cr.) 584

PAT( Cr.) 70

EPS 17.7

Draft Prospectus

Exchange BSE-NSE

Promoter

Company Promoters

Madhu Bhushan Khurana Sidhartha Bhushan Khurana Shilpa Arora

Pre Issue Share Holding 78.78%

Post Issue Share Holding 61.75%

Listing Details:

Listing Price: 570

Listing Gain: -2.63%

Current Price: 457.6

Gain On Issue: 457.6 | 0%

GMP: 35

GMP %: 6 %

IPO Tentative Timetable

Opening Date Oct 30, 2025
Closing Date Nov 03, 2025
Allotment Nov 04, 2025
Refund Nov 05, 2025
Delivery of Shares Nov 05, 2025
Listing Date Nov 06, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 25 14,625
Retail (Max) 13 325 190,125
S-HNI (Min) 14 350 204,750
S-HNI (Max) 68 1700 994,500
B-HNI (Min) 69 1725 1,009,125

Objective of the Issue

(i) to carry out the Offer for Sale of 7,786,120 Equity Shares (subject to finalisationof Basis of Allotment) of face value of ?5 each by the Selling Shareholders (ii) achieve the benefits of listing the Equity Shares on the Stock Exchanges.

Issue

Category Nos Bid Bid (x)
QIB 1557224 249137550 160x
NII 1167918 89913100 77x
Retail 2725142 60185500 22.1x
EMP 0 0 0x
Total 5450284 399236150 73.3x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Studds Accessories Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 181 257 272 328 415 480 463 499 529 584
Other Income 0 1 2 5 6 5 5 7 7 12
Total Income 181 258 274 333 420 484 468 506 536 596
Total Expenditure 161 215 232 275 316 369 408 439 439 479
Operating Profit 21 43 43 57 104 115 60 67 97 117
Interest 1 1 1 0 1 4 3 3 2 1
Depreciation 3 4 5 6 7 13 17 18 19 21
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 16 39 37 51 95 98 40 46 76 95
Provision for Tax 6 14 13 19 21 24 11 13 19 25
Profit After Tax 10 25 24 32 75 74 29 33 57 70
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 10 25 24 32 75 74 29 33 57 70
Adjusted Earnings Per Share 2.7 6.2 6 8.3 18.9 18.8 7.3 8.4 14.5 17.7

Studds Accessories Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 40 64 87 119 216 290 311 338 387 449
Minority's Interest 0 0 0 0 0 0 0 0 0 0
Borrowings 3 1 2 0 28 16 30 20 0 3
Other Non-Current Liabilities 9 11 11 37 20 18 20 23 30 31
Total Current Liabilities 39 48 42 67 84 110 95 80 68 73
Total Liabilities 91 124 142 223 347 435 455 461 486 557
Fixed Assets 62 75 81 125 156 266 310 311 331 338
Other Non-Current Assets 0 0 1 6 86 14 17 41 15 32
Total Current Assets 29 49 60 92 105 155 129 108 139 186
Total Assets 91 124 142 223 347 435 455 461 486 557

Studds Accessories Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 7 17 8 10 10 22 44 19 25 36
Cash Flow from Operating Activities 22 34 23 43 62 74 12 56 72 63
Cash Flow from Investing Activities -9 -15 -21 -32 -24 -34 -40 -26 -20 -51
Cash Flow from Financing Activities -4 -6 -0 -4 -26 -17 3 -24 -41 -9
Net Cash Inflow / Outflow 9 12 2 7 12 22 -25 6 11 3
Closing Cash & Cash Equivalent 17 29 10 17 22 44 19 25 36 39

Studds Accessories Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 2.67 6.23 6.04 8.25 18.95 18.8 7.28 8.42 14.54 17.7
CEPS(Rs) 3.51 7.2 7.36 9.71 20.8 22.19 11.5 13.02 19.38 22.95
DPS(Rs) 0.19 0.22 0.25 0.03 2 2 1.5 2 2 2.5
Book NAV/Share(Rs) 10.19 16.15 22.22 30.16 54.92 73.71 79 85.9 98.45 114.21
Core EBITDA Margin(%) 9.89 14.33 13.08 15.55 22.74 22.31 11.43 11.65 16.47 17.37
EBIT Margin(%) 8.41 13.45 12.1 15.32 22.37 20.54 9.09 9.56 14.25 15.95
Pre Tax Margin(%) 7.88 13.23 11.92 15.19 22.13 19.81 8.41 9 13.93 15.72
PAT Margin (%) 5.1 8.4 7.68 9.65 17.29 14.91 6.02 6.42 10.44 11.52
Cash Profit Margin (%) 6.72 9.71 9.37 11.36 18.98 17.6 9.52 9.93 13.91 14.94
ROA(%) 11.52 22.82 17.86 17.79 26.14 18.92 6.43 7.23 12.09 13.36
ROE(%) 26.15 47.29 31.45 31.5 44.53 29.23 9.53 10.22 15.78 16.64
ROCE(%) 37.79 71.16 48.33 49.15 51.38 35.52 12.85 13.65 20.65 22.94
Receivable days 8.04 8.11 7.32 8.76 13.2 16.76 21 21.01 19.85 21.54
Inventory Days 9.45 8.22 11.11 12.83 13.37 17.62 27.4 27.38 25.04 29.14
Payable days 92.11 79.42 78.89 71.15 72.48 79.45 82 59.07 49.92 44.61
PER(x) 0 0 0 0 0 0 0 0 0 0
Price/Book(x) 0 0 0 0 0 0 0 0 0 0
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) -0.05 -0.11 -0.14 -0.19 -0.01 -0.08 0.03 0.02 -0.09 -0.09
EV/Core EBITDA(x) -0.48 -0.63 -0.89 -1.08 -0.02 -0.34 0.24 0.16 -0.5 -0.42
Net Sales Growth(%) 0 41.97 6.02 20.37 26.48 15.7 -3.57 7.93 5.98 10.36
EBIT Growth(%) 0 126.71 -4.7 37.78 87.13 5.64 -57.6 14.22 58.25 23.41
PAT Growth(%) 0 133.72 -3.13 36.72 129.64 -0.75 -61.3 15.76 72.64 21.69
EPS Growth(%) 0 133.72 -3.11 36.71 129.61 -0.75 -61.3 15.76 72.64 21.69
Debt/Equity(x) 0.14 0.02 0.03 0.01 0.18 0.1 0.14 0.09 0 0.01
Current Ratio(x) 0.73 1.01 1.45 1.37 1.25 1.4 1.35 1.34 2.05 2.54
Quick Ratio(x) 0.59 0.84 1.19 1.18 1.02 1.14 0.91 0.91 1.46 1.77
Interest Cover(x) 15.59 60.68 67.42 119.61 94.3 28.17 13.52 16.94 45.1 70.67
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 8% 7% 0%
Operating Profit CAGR 21% 25% 2% 0%
PAT CAGR 23% 34% -1% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 17% 14% 16% 26%
ROCE Average 23% 19% 21% 36%

Company Contact Information

Studds Accessories Ltd.

Asha Mittal

+91 129 429 6500

secretarial@studds.com

Plot No. 918 Sector 68 I M T

IPO Lead Manager(s)

Studds Accessories Ltd.

IIFL Capital Services Ltd.

ICICI Securities Ltd

Registrar Info

Studds Accessories Ltd.

MUFG Intime India Pvt Ltd.

C 101, 247 Park, LBS Marg, Vikhroli (W), Mumbai (Old Address:) C-13 Pannalal Silk Compound, L B S Marg, Bhandup Mumbai Maharashtra

+91 810 811 8484

91-022-49186060

rnt.helpdesk@in.mpms.mufg.com

https://in.mpms.mufg.com/

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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