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Studds Accessories IPO Day 3 LIVE: Issue Subscribed 16x; GMP Signals 11% Listing Gain

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studds accessories ipo gmp today

Studds Accessories IPO GMP Today: Studds IPO subscription status was 5.08x on the second bidding day. The retail portion was subscribed 6.02 times, and NII portion has been booked 9.62x, Qualified Institutional Buyers (QIBs) portion received 4% bids. Studds IPO GMP today is ₹67.

The initial public offering of the helmet manufacturer Studds Accessories Ltd sailed through on the first day of share sale on Thursday, October 30. On the first day of bidding, Studds Accessories IPO subscription status was 1.54 times.

On Wednesday, Studds Accessories raised nearly ₹137 crore from anchor investors. The company’s initial public offering (IPO) of ₹455 crore is scheduled to conclude on November 3. The price range for Studds Accessories’ IPO has been set at ₹557-585 per share, which places the company’s valuation at around ₹2,300 crore at the upper end of that spectrum.

Founded in 1975, Studds specializes in the design, manufacture, marketing, and sale of two-wheeler helmets under the ‘Studds’ and ‘SMK’ brands, as well as various motorcycle accessories including luggage, gloves, rain suits, riding jackets, eyewear, and helmet locks.

While Studds focuses on mass and mid-market customers, SMK, which was launched in 2016, targets premium motorcycle enthusiasts. The company supplies products to leading motorcycle original equipment manufacturers (OEMs) such as Hero MotoCorp, Honda Cars India, Suzuki Motorcycle India, Eicher Motors (Royal Enfield), and India Yamaha Motor.

Follow updates here:

3 Nov 2025, 12:52:05 PM IST

Studds IPO Day 3 LIVE: IPO Review

“At a valuation of P/E multiple of 33.1x (FY25 EPS of Rs. 17.7) and an EV/Sales multiple of 3.8x, SAL appears fairly priced. Its dominant market position, strong brand recall, and growing presence across domestic and international markets, coupled with favorable industry tailwinds and consistent financial performance, position it well for sustainable growth. We therefore recommend a “SUBSCRIBE” rating,” said Choice Equity Broking.

3 Nov 2025, 12:37:09 PM IST

Studds IPO Day 3 LIVE: IPO Subscription

Studds IPO Day 3 LIVE: Studds Accessories IPO subscription status was 14.56x on day 2. The retail portion was subscribed 13 times, and NII portion has been booked 34.24x, Qualified Institutional Buyers (QIBs) portion received 2.55 times bids.

The company has received bids for 7,93,72,425 shares against 54,50,284 shares on offer, at 12:33 IST, according to data on BSE.

3 Nov 2025, 12:01:43 PM IST

Studds IPO Day 3 LIVE: Key competitive strengths

  1. Largest domestic player of two-wheeler helmets
  2. Wide design and product catalogue across price points catering to diverse consumer requirements
  3. Advanced manufacturing and D&D capabilities with vertically integrated operations
  4. Strong pan-India and global presence supported by an extensive and welldeveloped sales and distribution network and major quality accreditations
  5. Capital efficient and sustainable business model
  6. Experienced promoters and management team

3 Nov 2025, 11:54:38 AM IST

Studds IPO Day 3 LIVE: Business strategy

Studds IPO Day 3 LIVE:

  1. Expand and strengthen production capacity & deepen vertical integration
  2. Strategically expand into new markets and geographies
  3. Increase offerings in the premium helmet segment
  4. Expand product portfolio
  5. Increase focus on domestic online sales channel

3 Nov 2025, 11:29:43 AM IST

Studds IPO Day 3 LIVE: Key Risk

Studds IPO Day 3 LIVE:

  1. The sales of their products will suffer if they are unable to maintain and/ or enhance the ‘Studds’ and ‘SMK’ brands, which would have a material adverse effect on the business, financial condition, results of operations and brand equity.
  2. The sale of two-wheeler helmets manufactured by them contributes a significant portion to total sales (92.81%, 92.43%, 92.44% and 91.91% for the three months ended June 30, 2025 and Fiscals 2025, 2024, and 2023, respectively). Any decrease in motorcycle sales could have an adverse effect on their business, cash flows, results of operation and financial position.
  3. Company’s continued operations at their manufacturing facilities are critical to their business and any disruption, breakdown or shutdown of their manufacturing facilities may have a material adverse effect on their business, financial condition, results of operations and cash flows.

3 Nov 2025, 11:01:59 AM IST

Studds IPO Day 3 LIVE: Growth Drivers of Two-wheeler industry

Studds IPO Day 3 LIVE:
1. Rising Disposable Incomes and Middle-Class Expansion
2. Urbanization and Traffic Congestion
3. GST Rate cuts
4. Growing Demand in Rural Areas
5. Shift Towards Electric Vehicles (EVs)

3 Nov 2025, 10:42:46 AM IST

Studds IPO Day 3 LIVE: Key Strategies

Studds IPO Day 3 LIVE: 1. Expand and strengthen the production capacity and deepen their vertical integration.

2. Strategically expand into new markets and geographies.

3. Increase their offering in the premium helmet segment in the Studds and SMK brand.

4. Expand the product portfolio.

5. Increase focus on domestic online sales channel.

3 Nov 2025, 10:20:19 AM IST

Studds IPO Day 3 LIVE: Strengths

Studds IPO Day 3 LIVE: 1. Largest domestic player of two-wheeler helmets.
2. Advanced manufacturing and D&D capabilities with vertically integrated operations.

3. Strong pan-India and global presence supported by an extensive and well-developed sales and distribution network and major quality accreditations.

3 Nov 2025, 09:50:43 AM IST

Studds IPO Day 3 LIVE: IPO review

Studds IPO Day 3 LIVE: “Studds enjoys a robust pan- India presence and a steadily growing international footprint, enabled by an extensive and well-established sales and distribution network, while its adherence to stringent quality standards is reinforced by multiple major global and domestic accreditations.

At the upper price band company is valuing at P/E of 28.5x to its FY26 annualized earnings and market cap of ₹23,021 million post issue of equity shares. We believe that the IPO is fully priced and recommend a “Subscribe- Long Term” rating to the IPO,” said the brokerage.

3 Nov 2025, 09:41:50 AM IST

Studds IPO Day 3 LIVE: IPO lot size

Studds IPO Day 3 LIVE: Studds Accessories IPO lot size is 25 shares, and the minimum investment amount required by a retail investor is ₹14,625.

3 Nov 2025, 09:41:14 AM IST

Studds IPO Day 3 LIVE: Key dates to know

Studds IPO Day 3 LIVE: The public issue will open for subscription on Thursday, October 30, and will close on Monday, November 3. The IPO allotment date is likely November 4, and the IPO listing date would be November 7. Studds Accessories shares will be listed on both the stock exchanges, BSE and NSE.

3 Nov 2025, 09:37:52 AM IST

Studds IPO Day 3 LIVE: Here’s what GMP hints

Studds IPO Day 3 LIVE: Studds Accessories IPO GMP today is ₹67. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Studds Accessories share price was indicated at ₹652 apiece, which is 11.45% higher than the IPO price of ₹585.

According to the activities in the grey market over the past seven sessions, the current GMP ( ₹67) indicates a trend towards decline. The minimum GMP recorded is ₹53.00, whereas the maximum GMP reached ₹85, as stated by experts.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

⚠️ Disclaimer

This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.

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