Raajmarg Infra Investment Trust IPO...
05 Mar, 2026
Striders Impex IPO
Striders Impex IPO is a book-building issue of ₹36.29 crore, comprising a fresh issue worth ₹32.62 crore and an offer for sale worth ₹3.66 crore. The price band for this IPO is set at ₹71 to ₹72 per share and the lot size for an application is 1,600. The minimum amount of investment required by an individual investor is ₹2,30,400 (3,200 shares). The IPO will open for subscription from Feb 26 to March 2, 2026, on the NSE SME platform with a tentative listing date fixed as March 6, 2026.
Company Background
Striders Impex Ltd. was formed on April 28, 2021 and is a rapidly growing consumer goods company that focuses on the toys and kids’ products segment. The company is headquartered in Mumbai and has an asset-light business model that focuses on licensing global brands and creating intellectual properties. The company has grown from a private to a public limited company in 2025 and it has filed for an SME IPO on the NSE Emerge platform to raise funds for its global expansion.
Operations and Product Range
Facility and Production
Striders Impex Ltd. adopts a third-party manufacturing strategy to retain flexibility in operations and ensure cost-effectiveness. The design and conceptualization teams of this company are in Mumbai; it outsources the manufacturing process to expert manufacturers in India and China, enabling it to easily increase the volume of production without incurring significant capital costs for machinery. The company’s supply chain is aided by warehousing facilities in Mumbai, which enable it to manage its inventory effectively.
Brand and Market Presence
Striders Impex Ltd. adopts a dual-brand approach, blending international-licensed characters with a vast range of in-house IPs such as Pugs at Play, Furry Pals, Gurliez and Minds at Play. Their market coverage includes a pan-India retail network and a strong online presence on e-commerce platforms such as Amazon, Flipkart and other quick-commerce websites. Globally, they function through their wholly-owned subsidiary, Striders FZ LLC, based in the UAE, serving the Middle East and keeping abreast of global consumer trends.
Revenue Channels
- • Engagement in the design and distribution of products under entertainment brands that are recognized globally.
- • Generation of higher margins through their owned intellectual properties (IPs) in the toys, lifestyle and back-to-school segments.
- • Direct-to-consumer (D2C) sales through major online marketplaces and impulse-buy platforms.
- • Global distribution networks' fees, with a focus on the Middle East market through their UAE-based subsidiary.
- • Supply of products in bulk to large-format retail stores and dedicated toy stores in urban and semi-urban India.
Management and Shareholding
Promoter and Shareholding
The Striders Impex Ltd. is mainly controlled by its founders, Mr. Kumarshri Rajkumar Bahety and Mr. Mustafa Esmail Kapasi. Before the IPO, the promoter of the company holds 95.49% stake. After the proposed IPO, which involves a fresh issue of 46.9 lakh shares, the promoter's ownership will be diluted.
Board Members
Striders Impex Ltd.’s board members, led by the Promoters and Managing Directors, Kumarshri Rajkumar Bahety and Mustafa Esmail Kapasi. With the help of Non-Executive Director Mariya Mustafa Kapasi and Independent Directors Pradeep Chechani and Lalchand Prasad Menon, the board provides effective governance in the company, assisted by Compliance Officer Shweta Mahadeo Dagade.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Striders Impex IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Striders Impex IPO Details
| Detail | Description |
|---|---|
| IPO Date | 26 Feb to 2 Mar, 2026 |
| Listing Date | Fri, Mar 6, 2026 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹71 to ₹72 |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital & OFS |
| Total Issue Size | 50,40,000 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,52,800 shares (agg. up to ₹2 Cr) Nikunj Stock Brokers Ltd. |
| Fresh Issue(Ex Market Maker) | 42,78,400 shares (agg. up to ₹31 Cr) |
| Offer for Sale | 5,08,800 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 47,87,200 shares (agg. up to ₹34 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,40,85,680 shares |
| Share Holding Post Issue | 1,86,16,880 shares |
Striders Impex IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Thu, Feb 26, 2026 |
| IPO Close Date | Mon, Mar 2, 2026 |
| Tentative Allotment | Wed, Mar 4, 2026 |
| Initiation of Refunds | Thu, Mar 5, 2026 |
| Credit of Shares to Demat | Thu, Mar 5, 2026 |
| Tentative Listing Date | Fri, Mar 6, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Striders Impex IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 3,200 | ₹2,30,400 |
| Individual investors (Retail) (Max) | 2 | 3,200 | ₹2,30,400 |
| S-HNI (Min) | 3 | 4,800 | ₹3,45,600 |
| S-HNI (Max) | 8 | 12,800 | ₹9,21,600 |
| B-HNI (Min) | 9 | 14,400 | ₹10,36,800 |
Striders Impex IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 95.49% |
| Promoter Holding Post Issue | 69.52% |
Competitive Strength:
- • Diverse business model
- • Strategic presence in high-growth markets
- • Trusted partnership with global brands
- • Strong distribution network, like Direct-to-customer online channels via e-commerce platforms
Striders Impex IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 58.83 | 49.61 | 4.01 | 23.53 | 10.04 | 22.92 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2025 | 50.73 | 61.95 | 8.41 | 15.07 | 15.06 | 20.55 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 29.45 | 41.77 | 4.39 | 6.47 | 6.46 | 14.65 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | - |
| ROCE | 57.96% |
| Debt/Equity | 1.36x |
| RoNW | 55.81% |
| PAT Margin | 13.59% |
| EBITDA Margin | 15.07% |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 5.97 | 4.48 |
| P/E (x) | 12.06 | 25.07 |
IPO objective
- • Funding of working capital requirements
- • Investment in the subsidiary to expand
- • Repayment of debt (in part or in full)
- • General corporate expenses
Conclusion
Striders Impex IPO is providing an opportunity to investors to invest in a growing company that has shown consistent growth in its financial statements over the years. This company follows 3 different but interlinked business models for their operations, including licensing & brand partnership, sourcing and manufacturing and the last one is distribution strategy. These models help them in fast and positive growth, but also provide trusted licensing partnerships and global brands. This issue will be a helping hand in the expansion in global markets.
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Read More IPO ReviewsFrequently Asked Questions (FAQs)
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What does Striders Impex Ltd. do?
The company specializes in licensing, brand development and distribution of toys and kids’ merchandise. It manages a diverse portfolio of in-house brands and international licensed characters for global markets.
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What is the total issue size of the Striders Impex IPO?
The total issue size is worth up to ₹36.29 crore. This includes a fresh issue of up to ₹31 crore and an offer for sale of ₹4 crore.
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What are the opening and listing dates for the Striders Impex IPO?
The bid opening date is from February 26 to March 2, 2026. The listing date of this issue is fixed as March 6, 2026.
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Who are the BRLM and Registrar of the Striders Impex IPO?
The Book Building Lead Manager (BRLM) for this issue is CapitalSquare Advisors Pvt. Ltd. and the registrar is MUFG Intime India Pvt. Ltd.
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What is the issue type of the Striders Impex IPO and where will the shares be listed?
This issue is a Bookbuilding IPO. The equity shares will be listed on the NSE SME platform.
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How will Striders Impex Ltd. use its IPO proceeds?
IPO proceeds will be used for the funding of working capital requirements, investment in the owned subsidiary for expansion, repayment of debt and in last funding the general corporate purposes.
