Studds Accessories Gets SEBI Nod for IPO—Helmet Giant Gears Up for Market Debut

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India’s leading helmet and twowheeler accessories manufacturer, Studds Accessories Ltd., has received regulatory approval from the Securities and Exchange Board of India (SEBI) to launch its longawaited initial public offering (IPO). The move marks the company’s second attempt to go public, following a previously withdrawn filing in 2018.

Key Highlights:

The IPO will be entirely an Offer for Sale (OFS), with promoters and existing shareholders offloading 77.9 lakh equity shares.
No fresh equity will be issued, meaning the company will not receive direct proceeds from the offering.
IIFL Capital Services and ICICI Securities are the lead managers for the public issue.

Business Overview:

Founded in 1983, Studds Accessories is India’s largest helmet manufacturer by volume, operating under the Studds and SMK brands.
The company also produces motorcycle luggage, gloves, helmet locks, rain suits, riding jackets, and eyewear.
Its products are sold across India and exported to over 70 countries, including the US, Europe, and Australia.

Financial Snapshot:

For the six months ended September 2024, Studds reported Rs 285 crore in revenue and Rs 33 crore in net profit.
The company has four manufacturing facilities and holds European Safety Agency certification for its inhouse testing lab.

Strategic Outlook:

The IPO is expected to enhance brand visibility and provide liquidity to existing stakeholders.
Studds aims to leverage its global footprint and product diversification to maintain leadership in the twowheeler accessories market.

Sources: SEBI, IPO Watch, Upstox, Zee Business, Angel One.