Studds Accessories IPO Witnesses Strong Final-Day Momentum; NII and Retail Demand Stay Elevated

New Delhi, November 3, 2025 (Monday) – The ₹456-crore Studds Accessories Limited IPO is seeing a positive response from the various investor categories on its final day of bidding. As of 01:15 pm on November 03, 2025, the last day of bidding, the IPO has already been subscribed 17.46 times, with 9,51,51,550 shares bid for against the 54,50,284 shares offered.

Studds Accessories Category-Wise Subscription

The IPO subscription status is led by Non-Institutional Buyers (NII) so far, as they have already subscription status 40.90 times, bidding for 4,77,66,400 shares against the 11,67,918 shares offered, bringing their total to ₹2,794.33 crore.

Both categories under NII have participated enthusiastically, with bNII (bids above ₹10 lakh) subscription status 42.19 times and sNII (bids below ₹10 lakh) subscription status 38.31 times.

The second in line are the retail investors, with 14.30 times subscription status, bidding for 3,89,64,025 shares against the 27,25,142 shares offered, bringing their total to ₹2,279.40 crore. The participation from Qualified Institutional Buyers (QIB, Ex-Anchor) and Anchor Investors was positive, but muted as compared to others as their subscription stood at 5.41 times and 1 time, respectively.

Studds Accessories Anchor Allocation

Before opening the IPO to the public for bidding, the company raised ₹136.64 crore from anchor investors on October 29, 2025. During the issue, the company allotted 23,35,836 of its equity shares at ₹585 apiece. Nearly 80% of the anchor allocation went to domestic mutual funds, reflecting deep institutional confidence in Studds’ brand, scale, and long-term growth visibility.

Top anchor investors included Nippon India Small Cap Fund and ICICI Prudential Transportation & Logistics Fund, which each got 5.13 lakhs, bringing their total investment to ₹30 crore each. They were closely followed by HDFC MF Non-Cyclical Consumer Fund and HDFC MF Transportation & Logistics Fund, which each took 2.56 lakhs shares of the company, bringing their total investment to ₹15 crore each. Another anchor investors with lower investment were Edelweiss Recently Listed IPO Fund, which got 1.97 lakh shares at ₹11.51 crore, and ITI Flexi Cap Fund with 1.20 shares at ₹7.04crore

Issue Snapshot

The ₹456 crore IPO opened on October 30 and wil close on November 3, 2025. The offer consists purely of an offer for sale of 77.86 lakh shares. The price band for the same is fixed at ₹557 – ₹585 per share with the lot size fixed at 25 shares, making it an investment of ₹14,625 per lot at the upper band.

The minimum bidding size is fixed at one lot for retail investors, while the maximum is set at 13. For S-HNI (Min), the minimum bidding size is set at 14 lots, making it a minimum investment of ₹2,04,750, while their maximum bidding limit is 68 lots. The minimum bidding size for B-HNI (Min) is 69 lots.

The IPO is being managed by IIFL Capital Services Ltd, ICICI Securities Ltd, who are acting as the IPO’s Book Running Lead Managers and MUFG Intime India Pvt. Ltd, who is the registrar to the ₹456 crore IPO. After completion of the IPO proceedings, the shares of the company will be listed on the BSE Limited.

Studds Accessories Limited is India’s largest helmet manufacturer by revenue and one of the world’s largest by volume. The company was established in 1983 and is headquartered in Faridabad. Its products, marketed under the ‘Studds’ and ‘SMK’ brands, are sold across India and exported to over 70 countries. For FY25, Studds reported revenue of ₹5,838.16 crore and net profit of ₹696.41 crore, underscoring strong operational growth and profitability.

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