Bilkul Bazaar
Price Band Fixed at ₹557–₹585 per Equity Share with a Lot Size of 25 Shares
Entire Issue of 7.78 Million Shares Through Offer for Sale by Existing Shareholders
Book Building Issue with Allocations for QIBs, NIIs, and Retail Investors
IIFL Capital Services and ICICI Securities to Lead Manage the Issue
Ahmedabad | 29 Oct 2025
Studds Accessories Limited, one of India’s leading helmet and two-wheeler accessories manufacturers, has announced the launch of its Initial Public Offer (IPO), which opens for subscription on Thursday, October 30, 2025, and closes on Monday, November 3, 2025. The Anchor Investor bidding will open and close on Wednesday, October 29, 2025.
The price band for the IPO has been fixed at ₹557 to ₹585 per equity share of face value ₹5 each. Investors can bid for a minimum of 25 equity shares and in multiples of 25 thereafter.
The offer comprises a total of 7,786,120 equity shares, entirely through an Offer for Sale (OFS) by existing shareholders, including promoter and non-promoter shareholders.
Promoter Selling Shareholders:
Madhu Bhushan Khurana – up to 3,800,000 equity shares
Sidhartha Bhushan Khurana – up to 800,000 equity shares
Chand Khurana – up to 2,100,000 equity shares
Other Selling Shareholders:
Sanjay Leekha – up to 342,000 shares
Sanjay Leekha jointly with Charu Leekha – up to 258,000 shares
Charu Leekha – up to 249,600 shares
Nisha Leekha – up to 100,800 shares
Nain Tara Mehta – up to 57,600 shares
Sunil Kumar Rastogi – up to 36,000 shares
SE Shoes Pvt. Ltd. – up to 25,920 shares
Ajay Kumar Sakhuja – up to 16,200 shares
Studds Accessories Limited Gears Up for IPO Opening on October 30; Price Band Set at ₹557–₹585 per Share
Studds Accessories Limited — India’s leading manufacturer and exporter of helmets, motorcycle accessories, and riding gear — has announced that its Initial Public Offering (IPO) will open for public subscription on Thursday, October 30, 2025, and close on Monday, November 3, 2025. The Anchor Investor bidding will be held a day earlier, on Wednesday, October 29, 2025.
The price band for the IPO has been fixed between ₹557 and ₹585 per equity share of face value ₹5 each, with a lot size of 25 shares and in multiples of 25 thereafter.
The issue comprises a total of 7,786,120 equity shares, offered entirely through an Offer for Sale (OFS) by existing shareholders, including promoter and non-promoter shareholders. The major selling shareholders include Madhu Bhushan Khurana (up to 3,800,000 equity shares), Sidhartha Bhushan Khurana (up to 800,000 equity shares), and Chand Khurana (up to 2,100,000 equity shares), among others.
The company has filed its Red Herring Prospectus (RHP) dated October 25, 2025, with the Registrar of Companies, Delhi and Haryana. The equity shares are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited (NSE), with BSE as the designated stock exchange.
The IPO will be conducted via the Book Building Process, in line with SEBI (ICDR) Regulations, with the following allocation pattern:
Not more than 50% of the net offer will be available for Qualified Institutional Buyers (QIBs), including up to 60% for Anchor Investors
Not less than 15% for Non-Institutional Investors (NIIs)
Not less than 35% for Retail Individual Investors (RIIs)
Bidders (other than Anchor Investors) can participate only through the Application Supported by Blocked Amount (ASBA) process using their bank account or UPI ID, while Anchor Investors will apply separately.
IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and ICICI Securities Limited are the Book Running Lead Managers (BRLMs) for the issue.
As part of the IPO announcement, Studds Accessories Limited’s top management team — Sidhartha Bhushan Khurana, Managing Director, and Bharat Goyal, Vice President – Finance and Investor Relations — were present in Ahmedabad, where they interacted with the media and shared insights about the company’s growth trajectory and expansion strategy.
“This IPO marks a significant milestone in Studds’ journey of innovation, quality, and trust,” said Sidhartha Bhushan Khurana, Managing Director of Studds Accessories Limited. “We’ve consistently focused on elevating rider safety and comfort through cutting-edge design and manufacturing excellence.”
Adding to this, Bharat Goyal, VP – Finance and Investor Relations, remarked, “Our strong financial fundamentals, expanding product range, and commitment to global standards position Studds for sustained growth both in India and international markets.”
Recognized both domestically and globally, Studds has built a solid reputation for safety, reliability, and product innovation. The company offers an extensive range of two-wheeler helmets, motorcycle accessories, and riding gear, designed to meet international safety standards. Over the years, continuous product improvement and quality assurance have made Studds one of the most trusted names among riders.
The company has filed its Red Herring Prospectus (RHP) dated October 25, 2025 with the Registrar of Companies, Delhi and Haryana, and the shares are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited (NSE). BSE will be the designated stock exchange.
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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