Abhishek Sinha
The Studds Accessories IPO continued to attract massive investor interest on the final day of bidding, recording a 59.41 times overall subscription by 3:30 PM on November 3, 2025. The retail quota was subscribed 19.47 times, while the NII segment drew bids 74.82 times. The QIB portion saw a remarkable 117.74 times subscription, underscoring strong institutional demand.
Grey Market Premium (GMP) jumps to ₹69
According to market observers, Studds Accessories IPO GMP today stands at ₹69, marking a sharp rise of ₹14 from the weekend level of ₹55. The surge is attributed to robust investor response and expectations of a short-term rally in grey-market sentiment.
IPO Details
- Issue period: October 30 to November 3, 2025
- Price band: ₹557 – ₹585 per share
- Issue size: ₹455.49 crore (entirely Offer for Sale)
- Listing: NSE and BSE
The company, known as the world’s largest two-wheeler helmet manufacturer by volume, operates three production plants with a capacity of 9.04 million units and sold 7.4 million helmets in FY25. Exports currently reach 70+ countries, with a fifth facility expected by year-end.
Analyst Review: ‘Subscribe’ for Long-Term Gains
Brokerages remain optimistic about the IPO.
Canara Bank Securities gave a ‘Subscribe’ rating, citing strong OEM partnerships, export growth, and increasing helmet-safety regulations as major positives. Despite slower FY26 topline growth (2.1%) and EBITDA below pre-COVID levels, analysts believe the company’s fundamentals and liquidity remain sound.
Market expert Arun Kejriwal of Kejriwal Research added,
“Despite being a full OFS, the issue appears attractive given the long-term prospects in India’s two-wheeler safety market. Investors can apply for listing gains or hold based on their investment horizon.”
Verdict: Apply for Listing Gains
With strong subscription figures, a rising GMP, and positive analyst outlook, the Studds Accessories IPO looks poised for a strong listing. Short-term investors may consider applying for listing gains, while long-term investors can view it as a play on India’s growing two-wheeler safety gear market.
