Studds Accessories IPO — What to Know

 

Company & Offering

Studds Accessories Ltd., based in India and specialising in two-wheeler helmets and accessories, is launching its IPO.

Key details:

• Price band: ₹ 557 – ₹ 585 per share.

• Issue size: ~ 77.86 lakh shares via Offer for Sale (OFS) aggregating up to approx. ₹ 455.49 crore. 

• Lot size: 25 shares for retail.

• Listing: On BSE and NSE, with listing date around 7 November 2025.

• All-OFS (i.e., company not raising fresh capital) — the shares are being sold by existing shareholders/promoters.

Grey Market Premium (GMP)

• As of 28 Oct 2025, the GMP is reported to be ~ ₹ 55 per share, which is roughly a 9.4 % premium over the upper price band (₹ 585).

• Some sources earlier quoted a higher GMP of ~₹ 70.

• It’s important to note: GMP is unofficial, being quoted in grey/unregulated markets, and doesn’t guarantee actual listing price.

What This Suggests

• A GMP of ~₹ 55 suggests market sentiment is positive — participants expect the listing to open significantly above the issue price (i.e., ₹ 585 + ₹ 55 ≈ ~₹ 640).

• Because it’s an OFS (no fresh funds to the company), some of the key attraction is listing gain rather than long-term growth dilution.

• The company has exports to 70+ countries, a solid domestic presence, and good financials (revenue & profit growth) — all +ve signals.

• On the flip side: Since company won’t get fresh funds, and premium may already be priced in, upside beyond listing may be limited unless business delivers.

What Investors Should Keep in Mind

• Don’t rely solely on GMP: While it gives a sentiment indication, it isn’t regulated or guaranteed.

• Assess fundamentals: Company’s business model, margins, export dependency, raw material risk.

• Recognize listing risk: If GMP evaporates, listing may be flat or even under the issue price.

• As IPO opens 30 Oct and closes 3 Nov (for this issue) — timing & subscription numbers will matter. 

Final Take

Given the GMP of ~₹ 55 and price band of ₹ 557–585, the likely listing could hover ~₹ 640 if sentiment holds. For short-term listing gains this looks okay. For longer-term holding, one must be comfortable with the OFS nature and the business’s ability to sustain growth.