Striders Impex IPO Sees 61% Subscription on Day 1, QIBs Lead the Charge

Striders Impex Limited IPO Update

IPO Period: February 26 - March 2, 2026 Price Band: ₹71 to ₹72 per equity share (face value of ₹10 per share) Minimum Bid: 1,600 equity shares, with additional shares bid in multiples of 1,600

Company Overview: Established in 2021, Striders Impex Limited is a toy and children's consumer goods licensing, development, and distribution company. The firm provides comprehensive solutions, including product design, development, sourcing, production, and distribution, serving various retail formats throughout India and select international markets.

Financial Performance: In FY25, the company reported consolidated revenue of ₹61.87 crore, EBITDA of ₹9.32 crore, and a PAT of ₹8.41 crore. For the nine-month period concluding in December 2025, it recorded consolidated revenue of ₹49.57 crore, EBITDA of ₹6.49 crore, and a PAT of ₹4.01 crore.

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

IPO Subscription Status: As of day 1, the IPO subscription status stands at 61% with 23% retail portion subscribed, 1.74x QIB segment booked, and NII portion yet to be booked. The company has received bids for 20,52,800 shares against 33,53,600 shares on offer.

IPO Details: The IPO consists of a maximum of 50,40,000 equity shares with a face value of ₹10 each, out of which 45,31,200 shares represent a fresh issue and 5,08,800 shares available through an offer for sale.

Allocation: Up to 23,90,400 shares have been set aside for qualified institutional buyers, non-institutional investors assured of receiving at least 7,20,000 shares, and retail individual investors have a minimum reservation of 16,76,800 shares.

IPO GMP: As of today, the IPO GMP stands at ₹0, indicating shares are trading at their issue price of ₹72 with no premium or discount in the grey market.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support