Striders Impex Files DRHP for NSE Emerge IPO; Fresh Issue of 46.9 Lakh Shares and OFS of 5.1 Lakh Shares

Mumbai, September 30, 2025 – Striders Impex Limited filed its Draft Red Herring Prospectus (DRHP) with SEBI on September 29, 2025, for the initial public offering on NSE Emerge. The issue contains a fresh issue of up to 46,90,000 equity shares and offer for sale (OFS) for up to 5,10,000 equity shares with an aggregate maximum of up to 52,00,000 shares of face value ₹10 each. The IPO will be a 100 percent book-built issue, with Book Running Lead Manager (BRLM) being CapitalSquare Advisors Private Limited and the registrar being MUFG Intime India Private Limited. The shares exchange selected is NSE.

Striders Impex IPO Snapshot

The offer comprises a fresh issue of 46.9 lakh shares and an OFS of 5.1 lakh shares equally spread across the two promoters. Overall, not exceeding 52 lakh equity shares shall be sold. The face value of the equity shares is ₹10 each. Listing on the NSE Emerge platform is requested.

Company Background

Striders Impex is a consumer goods firm with a focus on toys and children’s merchandise. Its activities consist of licensing, in-house brand creation, and distribution. The firm provides door-to-door capabilities from product development, design, sourcing, manufacturing, and retailing in India and select international markets. Its portfolio features proprietary intellectual properties like Pugs at Play, Furry Pals, Gurliez, Fanster, Beezy Kits, Minds at Play, SHDZ, Boujee, and Striders.

Promoters are Mustafa Esmail Kapasi and Kumarshri Rajkumar Bahety. Promoter group entities and promoters together own 95.49 percent of pre-issue shareholding, of which the two key promoters own 95.20 percent together.

Striders Impex IPO Objects of the Issue

Net proceeds of the fresh issue would be applied towards the following purposes:

• ₹1,300 lakh to meet working capital in India
• ₹450 lakh for investment in subsidiary Striders FZ LLC (UAE) for working capital
• ₹650 lakh to set up and capitalize a future planned wholly owned mainland UAE subsidiary
• ₹300 lakh repayment of loan

Balance for general corporate use and issue-related cost, within regulatory constraints

Striders Impex IPO Financials

For FY25, Striders Impex’s standalone operating revenue was ₹6,073.11 lakh and consolidated operating revenue stood at ₹6,186.51 lakh. Standalone profit after tax was ₹802.03 lakh and consolidated profit after tax was ₹840.74 lakh. Standalone restated earnings per share (post bonus) was ₹5.98 and consolidated restated earnings per share (post bonus) was ₹6.27. Restated NAV per share was ₹10.81 standalone and ₹11.23 consolidated.

Striders Impex IPO Offer Structure and Listing

IPO will be through 100 percent book-building and allotments will be to Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Individual Investors as per the provisions of ICDR regulations. The shares will be listed on NSE Emerge, which has been the Exchanges notified.

Striders Impex IPO Promoter and OFS Details

The OFS component consists of up to 5.1 lakh shares, out of which promoters Mustafa Esmail Kapasi and Kumarshri Rajkumar Bahety are contributing a maximum of 2.55 lakh shares in aggregate.

Striders Impex IPO Lead Manager and Registrar

CapitalSquare Advisors Private Limited is the BRLM and MUFG Intime India Private Limited is the registrar to the issue.

Striders Impex IPO Key Highlights and Risks

IPO fund is primarily for funding working capital needs in India and foreign subsidiaries and repayment of debt. Differentiation is also offered through Striders Impex’s portfolio of proprietary and licensed children’s and toy brands, but the company remains reliant on working capital cycles and promoter concentration with over 95 percent of equity currently in promoters’ hands. Listing on NSE Emerge also introduces SME platform-specific factors such as market-making obligations.

Note: Price band, bid lot, dates for opening/closing, anchor, allotment and listing will be decided and published closer to the issue opening as per the DRHP. All details above are sourced directly from the company’s DRHP.

REF: https://nsearchives.nseindia.com/emerge/corporates/content/Registration_29092025234734_StridersDRHP.pdf

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