Upcoming IPO: Studds Accessories gets SEBI Approval for IPO

Studds Accessories Ltd, the largest producer of two-wheeler helmets in India is planning to launch its IPO. The company got the final stage of approval by the Securities and Exchange Board of India (SEBI) for the Initial Public Offering (IPO). 

It filed its Draft Red Herring Prospectus (DRHP) in March, 2025 after a span of seven years. Prior to that, the Haryana-based helmet maker company filed its DRHP in 2018 with SEBI to raise  ₹98 crore via a primary share issuance. However, the proposal was not executed.

IPO Details

The proposed issue is entirely an Offer for Sale (OFS) component of 77.86 lakh shares with a face value of ₹5 per share by existing shareholders including promoters. This means Studds Accessories Ltd. will not receive any proceeds from the public issue and all the IPO proceeds will go to the selling shareholders. The equity shares are proposed to be listed on the National Stock Exchange  and the BSE. 

IIFL Capital Services Ltd and ICICI Securities Ltd will be the lead managers for the issue.

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Studds Accessories Ltd. - Business Overview

Studds Accessories Ltd, established in 1983 and based in Faridabad, Haryana, is India’s largest helmet manufacturer by volume. The company designs and manufactures a wide range of two-wheeler helmets and accessories under two major brands—Studds, which targets the mass market, and SMK, its premium offering. Studds also sells riding gear like jackets, gloves, eyewear, and rainwear.

The company operates four state-of-the-art manufacturing facilities in Haryana, with an annual installed capacity of around 9 million helmets. It exports to over 70 countries, including Europe, the U.S., and Latin America, and supplies to global brands such as Daytona and O’Neal. Domestically, Studds has a strong distribution network of over 340 dealers.

In terms of financial performance, Studds Accessories reported a revenue of around ₹529 crore in FY24, up 6% from the previous year. Its net profit rose sharply by 73% to ₹57 crore, supported by improved operating efficiency and higher-margin products.

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