Studds Accessories IPO: Fully subscribed on Day 1; GMP steady | Right for you?

Kolkata: A very strong player in the two-wheeler helmet market in India and abroad, Studds Accessories IPO has received applications that are 155% of the Rs 455.49 crores it intends to raise. At the end of the first day of bidding, the issue was subscribed 1.55 times overall -- 2.16 times in the retail category, 0.02 times in QIB (Ex Anchor) category and 2.14 times in the NII category.

The bidding window will close tomorrow, November 3. The entire amount will raised by selling OFS (offer for sale) shares only, the proceeds of which will not accrue to the company but to the promoters/investors who are diluting their state. The company mopped up about Rs 137 crore from anchor investors, which featured HDFC Mutual Fund (MF), Nippon India MF, ICICI Prudential MF, Edelweiss MF, ITI MF, Kedaraa Capital Public Markets Fund I, Carnelian India Amritkaal Fund, Pinebridge India Equity Fund, and Edelweiss Life Insurance Company.

According to investorgain, Studds Accessories IPO GMP on October 31 morning was Rs 63. It was at the same level on October 30, the first day of the bidding window. It indicated a listing gain of 9.06%, considering the upper end of the price band. The GMP has dipped from Rs 85 on October 26 but rose on October 30. But it must be remembered that GMP is an unofficial gauge which changes with time and cannot guarantee anything, gain or loss on listing.

Studds Accessories IPO price band is Rs 557-585. For a retail investor, the minimum lot size is 25 and, accordingly, the minimum application amount is Rs 14,625 (at the upper end of the price band). The lot size investment for sNII investors is 14 lots and for bNII investors the smallest investible lot is 1,725 shares. IIFL Capital Services is the lead manager and MUFG Intime India the registrar of the issue.

The following are the important dates of Studds Accessories IPO:

IPO Opens: Oct 30

IPO Closes: Nov 3

Allotment: Nov 4

Initiation of Refunds: Nov 6

Credit of Shares to Demat: Nov 6

Listing: Nov 7

Cut-off time for UPI mandate confirmation: 5 PM on Mon, Nov 3, 2025

Studds Accessories was set up in 1983 and has been one of the most formidable brands in the helmet and accessories market for two-wheelers. The company and plants are located in Faridabad. It makes and markets helmets, two-wheeler luggage, gloves, helmet security guards, rain suits, riding jackets and eyewear. The company sells in India and more than 70 countries including the US, Asian countries, Europe and other regions.