| The initial public offer (IPO) of Striders Impex received bids for 47,24,800 shares as against 23,87,200 shares on offer. The issue was subscribed 1.97 times.
Qualified Institutional Buyers (QIBs) bid for 19,45,600 shares, Non-Institutional Investors (NIIs) for 6,94,400 shares, while individual investors (IND category bidding for 2 lots) placed bids for 13,02,400 shares.
The issue opened for bidding 26 February 2026 and it closed 02 March 2026. The price band of the IPO is fixed between Rs 71 to Rs 72 per share. The minimum order quantity is 1,600 equity shares. The equity shares will list on NSE’s SME platform.
The IPO comprised 50,40,000 equity shares, including a fresh issue of 45,31,200 equity shares and offer for sale (OFS) of 5,08,800 equity shares. The promoter and promoter group shareholding diluted to 69.52% from 95.49% pre-issue.
The company intends to utilize the net proceeds for funding of working capital requirements in india, 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 and to meet public issue expenses.
Ahead of the IPO, Striders Impex on 25 February 2026, raised Rs 10.32 crore from anchor investors. The board allotted 14.33 lakh shares at Rs 72 per share to 4 anchor investors.
Striders Impex is engaged in the business of licensing, brand development, and distribution of toys and kids’ consumer merchandise. The company offers end-to-end solutions, ranging from product design and development to sourcing, manufacturing, and distribution, catering to various retail formats across India and select international markets.
In addition to developing and distributing licensed merchandise, the company has created a portfolio of proprietary intellectual properties (IPs), including Pugs at Play, Furry Pals, Gurliez, Fanster, Beezy Kits, Minds at Play, SHDZ, Boujee, and Striders. These IPs are strategically developed based on market research and consumer insights, enabling the company to build brand equity, improve margins, and diversify its product mix. Through an asset-light, scalable model and an expanding global footprint, Striders Impex aims to position itself as a key player in the toy and merchandise ecosystem. As of 31st December 2025, the company had a total of 36 employees.
The company recorded revenue from operations of Rs 37.85 crore and net profit of Rs 2.62 crore for the period ended 31 December 2025.
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