Striders Impex was incorporated on April 28, 2021. The company is engaged in licensing, own brand development, and distribution of toys and kids' consumer merchandise. It provides end-to-end solutions from product design and development to sourcing, manufacturing, and distribution, serving retail formats across India and select international markets
| Bidding Dates |
|---|
| 26 Feb 2026 - 02 Mar 2026 |
| Subscription |
|---|
| 1.31x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹2,27,200 | 2 | 2 | 1600 | 5.0 M | ₹71 - ₹72 | 69.52 % | ₹357.8 M - ₹362.9 M | RHP DOC |
Striders Impex IPO SUBSCRIPTION STATUS
02 Mar '26Striders Impex IPO overall subscription rate was 1.31 times the total available shares
Striders Impex IPO retail subscription rate was 1.03 times in the retail segment
Striders Impex IPO non-institutional investor subscription rate was 2.73 times in the non-institutional investor category
Striders Impex IPO Qualified Institutional Bidder subscription rate was 1.08 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
02 Mar 2026 (Day 3) | 1.03x | 2.73x | 1.08x |
27 Feb 2026 (Day 2) | 0.58x | 1.46x | 1.08x |
26 Feb 2026 (Day 1) | 0.35x | - | 1.08x |
Striders Impex FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 49.6 | 4.0 | -6.8 | -7.6 | 13.1% |
| FY25 | 61.9 | 8.4 | 0.8 | 0.4 | 15.1% |
Striders Impex IPO SUBSCRIPTION STATUS DETAILS
Striders Impex had 5.0 M shares on offer
Striders Impex IPO offer price was in the range ₹71 - ₹72
Striders Impex IPO minimum Investment was ₹227200
Striders Impex IPO issue size was ₹ 357.8 M - ₹ 362.9 M
Striders Impex had a minimum lot size of 1600 Shares per application
Striders Impex NUMBER OF SHARES ON OFFER
Striders Impex IPO IMPORTANT DATES
| Issue Open Date | 26 Feb 2026 |
| Issue close Date | 02 Mar 2026 |
| Allotment Date | 04 Mar 2026 |
| Refund Date | 05 Mar 2026 |
| Demat Account Credit Date | 05 Mar 2026 |
| Listing Date | 06 Mar 2026 |
| Listing on Exchange(s) | NSE |
| Striders Impex Allotment Status | Exchange/ Registrar |
Striders Impex IPO subscription opened on 26 Feb 2026, and closed on 02 Mar 2026
IPO allotment for Striders Impex was finalized on Wednesday, 04 Mar 2026
IPO listing for Striders Impex was on NSE on Friday, 06 Mar 2026
Striders Impex IPO LISTING GAINS
| Issue Price (adjusted) | 72.0 |
| Listing Open Price | 70.0 |
| Listing Close Price | 66.5 |
| Listing Gain% | -2.8% |
| Current Gain% | -11.0% |
Striders Impex Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Striders Impex Ltd. | 64.1 | 119.3 | 21.3 | -0.6 | 1.6 | 10.4 | 6.1 | 75.3 | 21.5 | 5.6 | -33.3 | 3 | -33.3 |
| Vedant Fashions Ltd. | 516.9 | 12559.5 | 32.5 | -13.1 | 8.6 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 93.9 | 11455.8 | 65.1 | 0.3 | 1.3 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 618.4 | 7986.5 | 57.5 | 2 | 2.7 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 10.8 | 29.2 |
| Ethos Ltd. | 2782.1 | 7444.3 | 71.7 | 5.8 | 4.3 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 165.8 | 6380.3 | 30.9 | 0.3 | 0.8 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Striders Impex INFORMATION ON IPO ISSUE
About Striders Impex
Striders Impex was incorporated on April 28, 2021. The company is engaged in licensing, own brand development, and distribution of toys and kids' consumer merchandise. It provides end-to-end solutions from product design and development to sourcing, manufacturing, and distribution, serving retail formats across India and select international markets
Object of the Issue
- Funding of working capital requirements of the company
- Investment in Striders FZ LLC, wholly owned subsidiary, to fund its working capital requirements;
- Investment in a newly wholly owned subsidiary in mainland UAE to fund its working capital requirements
- Repayment of loans
- General corporate purposes
- To meet public issue expenses
Striders Impex - PROMOTERS
| Name |
|---|
| Mustafa Esmail Kapasi |
| Kumarshri Rajkumar Bahety |
| Mariya Mustafa Kapasi |
Striders Impex - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kumarshri Rajkumar Bahety | Managing Director |
| Mustafa Esmail Kapasi | Chairman & Managing Director |
| Mariya Mustafa Kapasi | Non- Executive Non- Independent Director |
| Prasad Menon | Non- Executive Independent Director |
| Pradeep Chechani Lalchand | Non- Executive Independent Director |
Striders Impex Book Running Lead Manager
Capitalsquare Advisors Private Limited
mb@capitalsquare.in
Striders Impex Registrar to the issue
Mufg Intime India Private Limited
stridersimpex.smeipo@in.mpms.mufg.com
Striders Impex Strengths
Asset-light business model
The company follows an asset-light, licensing-led and distribution-focused model, enabling efficient capital use, scalability, and regulatory compliance. By partnering with third-party vendors instead of owning manufacturing facilities, it reduces fixed costs, maintains operational flexibility, and ensures a compliant, transparent, and agile supply chain
Partnerships with global brands
The company has built strong partnerships with globally renowned licensors, enabling it to develop and distribute a wide range of character-driven and branded products. These alliances enhance market reach, accelerate product launches, and strengthen revenue visibility while ensuring strict compliance with licensing and regulatory standards
Brand equity & consumer liking
The company has built strong brand equity through a mix of licensed character products and its own proprietary brands such as Pugs at Play, Furry Pals, and Gurliez, catering to diverse age groups and consumer segments. This balanced portfolio of global licensed products and in-house IPs, developed based on market insights, has contributed to revenue growth
Striders Impex Risks
Depend on Chinese manufacturers
The company’s dependence on purchase order-based sourcing from China-based manufacturers exposes it to potential supply chain and financial risks. As it operates without long-term supply agreements and makes partial advance payments, it faces operational, contractual, and legal uncertainties despite the flexibility this model offers
Seasonal business
The company faces risks from seasonal demand fluctuations in the kids’ merchandising and toy industry, with sales typically peaking during festive periods, holidays, and gifting occasions. Additionally, demand for its back-to-school products varies regionally due to differences in academic calendars across India
Expansion risks
The company may face challenges in maintaining and expanding its domestic and international distribution network, which could impact sales growth and business expansion. Entering new markets involves legal, logistical, and operational complexities, and reliance on third-party distributors overseas may lead to disruptions if partnerships underperform or are discontinued
IPO FAQs
This IPO consists of an offer for sale of up to Rs 3.7 crore, of 508,800 shares. It also consists of a fresh issue of Rs 32.6 crore.
The promoters of the company are Mustafa Esmail Kapasi, Kumarshri Rajkumar Bahety and Mariya Mustafa Kapasi.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 71.0 - 72.0.
The IPO application opens on Feb 26, 2026 and closes on Mar 02, 2026.
The minimum lot size for the IPO is 3200. The maximum lot size for the IPO is 3200.
For all category investors, the minimum application amount for this IPO is Rs. 227,200.0, the maximum value for this IPO is Rs 230,400.0.
This IPO will be allotted on Mar 04, 2026.
The refund will be credited to your account on Mar 05, 2026.
The allotted shares will be credited to your demat on Mar 05, 2026.
Striders Impex Ltd.’s shares listed on the stock exchanges on Mar 06, 2026.