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Striders Impex IPO: GMP, Price, Analysis, And Details
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Striders Impex IPO- Company Analysis
Striders Impex IPO under the SME IPO category is a bookbuild issue of Rs. 36.29 Cr by Striders Impex Limited and is mostly involved in the distribution, own brand creation, and licensing of toys and consumer goods for children.
The company serves retail formats in India and a few other markets by providing end-to-end solutions, including product design and development, sourcing, production, and distribution. The company continues to fortify its offline distribution network while making smart investments in expanding its direct-to-consumer internet channels through e-commerce platforms.
Business Model:
- Brand Collaborations & Licensing
- Purchasing and Production
- Distribution Plan
Products include school bags, water bottles, lunch boxes, plush toys, interactive plush toys, stationery, activity sets, children's accessories, licensed goods, proprietary brands, and novelty items.
Striders Impex IPO Details
The Striders Impex IPO date of opening is 26 Feb 2026, its initial public offering will end on 02 Mar, IPO allotment on Mar 04 and refund initiation on Mar 05, 2026.
The Rs. 36.29 crore new SME IPO comprises a fresh issue of 0.45 crore shares (Rs. 32.62 Cr) and offer for sale of 0.05 crore shares (Rs. 3.66 Cr).
The Striders Impex IPO listing date (expected) might be on Friday, Mar 06, 2026, and listing at the NSE and SME.
The Striders Impex IPO price band is Rs. 71 to Rs. 72.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Feb 26, 2026 |
|
IPO Closing Date |
Mar 02, 2026 |
|
IPO Allotment Date |
Mar 04, 2026 |
|
Refund Initiation |
Mar 05, 2026 |
|
IPO Listing Date |
Mar 06, 2026 |
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Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
58.83 |
48.70 |
29.45 |
|
Total Income |
49.61 |
61.95 |
41.77 |
|
PAT |
4.01 |
8.41 |
4.39 |
|
EBITDA |
6.49 |
9.32 |
5.31 |
|
Net Worth |
23.53 |
14.88 |
6.47 |
|
Reserves & Surplus |
10.04 |
15.06 |
6.46 |
|
Total Borrowing |
22.92 |
20.55 |
14.65 |
Cash Flows
(Amount in thousand)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
311.97 |
(781.62) |
(281.08) |
|
Net Cash Flow Investing Activities |
(920.65) |
(121.28) |
(39.22) |
|
Net Cash Flow Financing Activities |
519.08 |
967.42 |
295.75 |
Revenue Bifurcation
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding of the working capital requirements of the Company. ~ Rs. 10 Cr.
- Investment in Striders FZ LLC, wholly owned subsidiary, to fund its working capital requirements. ~ Rs. 4.50 Cr.
- Investment in a newly wholly owned subsidiary in the mainland UAE to fund its working capital requirements. ~ Rs. 6.50 Cr.
- Repayment of Loans. ~ Rs. 3 Cr.
- General Corporate Purposes.
Listed Peers of Striders Impex Ltd.
|
Name of Company |
Face Value (₹) |
Basic EPS (₹) |
PE Ratio (x) |
|
Ok Play India Limited |
1 |
-0.02 |
- |
Valuation
|
KPI |
Value |
|
ROCE |
57.96% |
|
Debt/Equity |
1.36 |
|
RoNW |
55.81% |
|
PAT Margin |
13.59% |
|
EBITDA Margin |
15.07% |
|
Price to Book Value |
6.49 |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 6.27 from the last year, the resulting P/E ratio is 11.48x.
Explore the Kiaasa Retail IPO.
IPO's Strengths
- Asset-Light Business Model.
- Trusted Licensing Partnerships with Global Brands.
- Brand Equity and Consumer Liking.
- Strategic Presence in High-Growth Markets.
IPO's Weaknesses
- Reliance on outside manufacturing partners, which restricts authority over production costs, lead times, and quality.
- The scale of operations and licensing-led approach result in high working capital requirements, which put strain on cash flow.
- A fragmented portfolio of private brands necessitates large marketing expenditures.
Striders Impex IPO GMP (Grey Market Premium)
Striders Impex IPO GMP today is Rs. 0 as of 23 Feb 2026 while writing this information.
Striders Impex IPO Summary
|
IPO Opening & Closing Date |
26 Feb, 2026 to 02 Mar, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 71 to Rs. 72 per Share. |
|
Lot Size |
1600 Shares |
|
Issue Size |
50,40,000 Shares (Rs. 36 Cr) |
|
Offer for Sale |
5,08,800 Shares (Rs. 4 Cr) |
|
Fresh Issue |
42,78,400 Shares (Rs. 31 Cr) |
|
Listing at |
NSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
MUFG Intime India Pvt. Ltd. |
IPO Lot Details
Retail investors can invest in a minimum of 2 Lots (3200 Shares) for Rs. 2,30,400, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (4800 Shares) for Rs. 3,45,600.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Striders Impex IPO Allotment Status
To check the Striders Impex IPO Allotment Status, visit the official Registrar’s website or BSE website. Below are the website links for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Striders Impex Ltd.
- Kumarshri Rajkumar Bahety
- Mariya Mustafa Kapasi
- Mustafa Esmail Kapasi.
|
Pre-Issue Promoter Shareholding |
95.49% |
|
Post-Issue Promoter Shareholding |
69.52% |
IPO Lead Managers
-
Capital Square Advisors Pvt. Ltd.
Dividend Policy
The company has not paid a dividend during the last three years.
Conclusion
Strong licensing relationships and an asset-light business model characterize Striders Impex IPO, a SME bookbuild issue specializing in toys and children's consumer goods. Although the company's working capital pressure and reliance on third-party manufacturing remain major threats, it shows strong profitability metrics, including 55.81% RoNW and 57.96% ROCE.
The IPO appears well priced, with a P/E of 11.48x and a GMP of Rs. 0, making it suitable for investors in the SME sector with a moderate appetite for risk.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
