Upcoming IPO: Studds Accessories Received SEBI Approval to Launch IPO

Haryana-headquartered helmet manufacturer Studds Accessories has received the green light from the Securities and Exchange Board of India (SEBI) to proceed with its initial public offering (IPO). The approval comes in the form of an observation letter issued by SEBI on July 8, allowing the company to roll out its IPO anytime within the next 12 months.

Studds IPO Details

The company had initially submitted its draft red herring prospectus (DRHP) on March 26 this year. The proposed IPO is a pure offer-for-sale (OFS) of 77.86 lakh equity shares, entirely by existing shareholders, including the promoter group members Madhu Bhushan Khurana, Sidhartha Bhushan Khurana, and Chand Khurana. As it is an OFS, Studds itself will not receive any of the proceeds; the funds raised will go directly to the selling shareholders.

Currently, the promoter group holds a 78.78% stake in the company, with Madhu Khurana owning 37.95%, Sidhartha Khurana 31.79%, and Chand Khurana 8.35%. The remaining 21.22% of the shares are held by public investors.

The IPO is being managed by IIFL Capital Services and ICICI Securities as the lead book-running managers.

Also Read: WeWork India IPO Approved by SEBI; Embassy Group to Sell Shares

About Studds Accessories

Studds, which claimed to be the world’s largest two-wheeler helmet manufacturer by volume in 2024, had earlier tried to go public in 2018. That IPO plan included a fresh issue worth ₹98 crore and an offer-for-sale of 39.4 lakh shares, but it did not materialise.

The company markets its helmets under the brands Studds and SMK, along with a range of other motorcycle accessories—including riding gloves, luggage boxes, helmet locks, rain suits, jackets, and eyewear—all under the Studds label. Its products are distributed in over 70 countries globally.

In addition to its own brands, Studds manufactures helmets for international brands such as Jay Squared LLC (sold under the Daytona brand in the U.S.) and O’Neal, supplying to markets across Europe, North America, and Australia.

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