Studds Accessories IPO Company Profile:
Established in 1983, STUDDS (“Studds Accessories Limited”) today is the largest and one of the leading manufacturers of helmets in the world. STUDDS has a presence in more than 50 countries throughout the world, including Asia, Europe, Latin America, and the Middle East, and offers a comprehensive selection of two-wheeler helmets and accessories. The company has four backward integrated state-of-art manufacturing facilities that develop helmets, and motorcycle accessories that cater to the needs of the consumers. These four manufacturing facilities are strategically located in Faridabad and have a capacity of manufacturing over 14 million helmets every year. The R&D team continuously innovates and experiments with different designs. The team also tests the product rigorously to ensure its safety and comfort. The helmets are manufactured with the latest technology and have all the necessary certifications.
Studds Accessories Limited’s Business Verticals:
- Helmets
- Motorcycle accessories
- Bicycle helmets
- Face shields, face masks
Governments around the world are starting to take initiatives to place rigorous rules on the use of helmets. With the number of road accidents increasing, the authorities are trying to mitigate this by mandating and promoting the use of helmets. The growing market of the EV segment also presents new opportunities for the Company. EVs with a top speed of more than 25km/hr requires helmets as a compulsory component in India. Electric two-wheelers in India have experienced a high rise in FY 2022, with a growth of 460% over FY 2021. This gives the company a huge room for expansion.
Studds Accessories IPO Details:
| IPO Open Date | Not Available |
| IPO Close Date | Not Available |
| Listing Date | Not Available |
| Face Value | ₹5 per share |
| Price | Not Available |
| Lot Size | Not Available |
| Issue Size | Not Available |
| Fresh Issue | Not Available |
| Offer for Sale | Not Available |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not Available |
| NII (HNI) Shares Offered | Not Available |
| Retail Shares Offered | Not Available |
| Promoters | Madhu Bhushan Khurana and Sidhartha Bhushan Khurana |
Studds Accessories IPO Shareholders holding more than 5% Equity Shares:
| S. No. | Name of the Shareholder | No. of Equity Shares
held |
Percentage % of total shares |
| 1. | Madhu Bhushan Khurana | 1,08,92,880 | 55.36% |
| 2. | Sidhartha Bhushan Khurana | 28,14,480 | 14.30% |
| 3. | Chand Khurana | 16,48,800 | 8.38% |
| Total | 4,98,70,26,060 | 78.04% |
Studds Accessories IPO Financial Analysis :
| Particulars | FY-22(in cr.) | FY-21(in cr.) | YoY |
| Revenue from Operations | 462.51 | 479.62 | -3.6% |
| Other Income | 5.48 | 4.60 | 19.2% |
| Operational Cost | 251.04 | 222.21 | 13.0% |
| Employee Cost | 58.24 | 55.97 | 4.1% |
| Other expenses | 99.00 | 90.94 | 8.9% |
| EBITDA | 59.70 | 115.10 | -48.1% |
| EBITDA margin% | 12.91% | 24.00% | |
| Depreciation | 16.63 | 13.35 | 24.6% |
| Interest | 3.06 | 3.46 | -11.8% |
| PBT | 40.02 | 98.29 | -59.3% |
| Total tax | 11.38 | 24.30 | -53.2% |
| PAT | 28.64 | 73.99 | -61.3% |
| PAT margin% | 6.19% | 15.43% |
Studds Accessories IPO Revenue from Operations:
| Region | FY-22(in cr.) | %Contribution | FY-21(in cr.) | %Contribution |
| Inland Sales | 378.33 | 79.55% | 442.26 | 89.14% |
| Exports Sales | 97.28 | 20.45% | 53.87 | 10.86% |
| Total Sales | 475.62 | 100.00% | 496.13 | 100.00% |
| Less: Discount & Incentives | 13.11 | 16.52 | ||
| Net Sales | 462.51 | 479.62 |