Studds IPO 2025: Should You S͏ubscribe t͏o the Upcoming Studds Accessories IPO? A SWOT Anal͏y͏sis

Mumb͏ai, 29 Oct͏ober 2025:  The Upc͏oming Studds ͏Accessories IPO 202͏5 has stir͏red str͏o͏ng intere͏st among m͏ar͏ket watch͏ers.͏ ͏As I͏ndia’s larg͏e͏st he͏lmet manufa͏cture͏r prepares to launch͏ its ₹455 c͏rore offer for ͏sale, in͏vestors and analysts ͏a͏re examining whethe͏r this listing could sha͏pe the͏ future o͏f͏ I͏ndi͏a’s protectiv͏e gear market. The i͏ssue opens for subscription ͏on͏ 30 October 2͏025 and clos͏es͏ on 3 N͏ovemb͏e͏r 20͏25, ͏with a p͏ropos͏ed listing͏ on 7 Novemb͏er 2025.

S͏tudds Accessories IPO L͏a͏unches ₹4͏5͏5͏ Cr O͏f͏fer for͏ Sale at ₹557–₹͏585 B͏and

Studds Accessories Limited has ͏announc͏ed a book-built offer͏ for s͏ale (OFS) of 0.78 crore s͏hare͏s,͏ aggregating to ₹455.49 c͏r͏ore.͏ The IPO will n͏ot include any fresh issue, and all͏ ͏p͏roceeds wi͏ll ͏g͏o to ex͏i͏sting shareholders. T͏he pri͏ce band has b͏een fixed b͏etw͏een ₹͏557 and ₹585 per share, and investors can bid͏ f͏o͏r͏ a min͏imum of͏ one lot (25͏ shar͏e͏s͏), amounting to ₹14,͏625 a͏t the͏ ͏upper band. IIFL Cap͏ital Services Ltd. is the lead mana͏ger, and M͏UFG Inti͏me ͏India Pvt. L͏t͏d. acts as the re͏gistrar.

Studds Accessories Reports 27% Market Share and 9 Million Helmet Capacity

Established in 1983, Studds Accessories has evolved into a global name in helmet manufacturing. The company commands a 27% market share by volume and operates four automated plants in Faridabad, with a combined capacity to produce 9.04 million helmets annually. Its flagship brands Studds for mass markets and SMK for premium riders cater to over 70 international markets, including Europe, Latin America, and Southeast Asia.

With over 240 designs and 19,000 SKUs, the brand serves both OEM and retail customers. It collaborates with two-wheeler giants such as Hero MotoCorp, Honda, and Royal Enfield, while maintaining a growing retail footprint through 3,000+ outlets across India.

Studds Accessories Strengthens Margins to 17.9% and Boosts ROCE to 20.25%

Financially, the company has maintained steady growth. Its EBITDA margin improved from 11.7% in FY2023 to 17.9% in FY2025, while ROCE rose from 11.7% to 20.25% in the same period. The firm remains virtually debt-free, with a debt-to-equity ratio of –0.07, and posted a net profit of ₹69.64 crore in FY2025, a 22% year-on-year rise on revenue of ₹595.89 crore. These figures underscore efficient cost management and a disciplined balance sheet structure.

Studds Accessories Faces Risks from OEM Dependence and Geographic Concentration

Despite its leadership, Studds faces challenges that could affect long-term scalability. All its manufacturing plants are located in Faridabad, exposing the company to potential regional disruptions. Furthermore, a significant portion of revenue stems from OEM collaborations, which could be impacted by fluctuations in two-wheeler production or changes in OEM policies. However, the company’s strong retail and export base provides diversification to balance these risks.

Helmet Demand Surge and Smart Tech Integration Offer Growth Avenues for Studds

India’s rising road safety awareness, stricter traffic laws, and a growing two-wheeler population are driving helmet demand. Yet, penetration levels remain below 60%, leaving substantial room for expansion. Studds is also tapping into premiumisation trends, with its SMK line introducing Bluetooth-enabled and aerodynamic helmets. Moreover, its R&D team of 75 engineers is developing IoT-based safety gear, aligning with global trends in smart wearables. The company’s presence in over 70 export markets positions it to benefit from increasing global demand for certified safety products.

Studds Accessories IPO Subscription Opens 30 Oct Key Timelines Ahead

The Studds Accessories IPO 2025 opens on 30 October 2025 and closes on 3 November 2025. Allotment is expected to be finalised on 4 November, with refunds and demat credits by 6 November, followed by listing on 7 November 2025. The upcoming issue, backed by solid fundamentals and a dominant market presence, is anticipated to draw significant attention across retail and institutional categories.

The Studds Accessories IPO 2025 marks a major event in India’s protective gear industry, reflecting both growing safety awareness and manufacturing capability. With consistent earnings, minimal debt, and innovation in smart helmets, the company demonstrates operational stability and expansion potential. Stakeholders may watch this listing closely as an indicator of investor appetite for niche yet scalable manufacturing businesses.

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