The Indian toy sector is expanding at a rate of 15-20% CAGR, aiming for $3 Bn by 2028 through licensed merchandising, kids' products, and exports due to increasing disposable incomes. Striders Impex Ltd, established in Mumbai since 2021, deals with licensing global IPs (Disney, Hot Wheels), designing toys/kids' wear/stationery, and distribution through 1,000+ outlets.
Striders Impex Limited deals with licensing brands, developing private labels, sourcing from India/China, and distributing through modern trade/retail with a UAE subsidiary for exports, concentrating on Disney princesses/cars. Some key strengths include exclusive Disney/Hot Wheels IP licensing, a broad product base (toys, apparel, stationery), Pan-India distribution, UAE presence, and outsourcing for scalability.
Striders Impex Limited has had robust growth prior to the NSE Emerge IPO. FY25 revenue of ₹61.95 Cr (up 48% YoY), PAT of ₹8.41 Cr (EPS of ₹6.43, RoNW of 55.81%). ₹36.29 Cr (50.40 lakh shares @ ₹10 FV) at ₹71-72 price band (lot size 1,600 shares ≈ ₹1.15 lakh min; 2 lots ₹2.30 lakh). Opens February 26-March 2, 2026, allotment on March 4, listing on NSE Emerge on March 06.
Striders Impex IPO Details:
Striders Impex Issue Management:
Capital Square Advisors Ltd acts as the book-running lead manager for Striders Impex SME IPO, managing underwriting and compliance.
Striders Impex IPO RTA (Registrar) Details:
MUFG Intime India Pvt.Ltd. handles allotment, refunds, and demat credits—contact at 22-4918 6270 or stridersimpex.smeipo@in.mpms.mufg.com.
Striders Impex IPO Allotment Status:
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Action Links:
To apply for Striders Impex IPO, open a demat account here
Striders Impex IPO Subscription Status: Check live subscription here
Striders Impex IPO GMP Update: Check latest grey market premium here
Striders Impex Limited, founded in 2021 and headquartered in Mumbai, is a licensing company for global brands, IP creation, and toy/kids’ products such as apparel and stationery.
It uses third-party manufacturing in India/China, warehousing in Mumbai, and a UAE subsidiary for the Pan-India/Middle East supply chain with 1,000+ retail outlets.
Striders Impex Limited was steadily expanding before the NSE Emerge IPO. FY25 revenue of ₹61.95 Cr, PAT of ₹8.41 Cr (RoNW 55.81%). ₹36.29 Cr (50.40 lakh shares @ ₹10 FV): fresh issue of ₹32.62 Cr + OFS of ₹3.67 Cr at ₹71-72 band (lot of 1,600 shares, min of ₹1.15 lakh; 2 lots of ₹2.30 lakh). Opens February 26-March 2, 2026, allotment on March 4, listing on NSE Emerge on March 6.
Striders Impex Limited IPO is ₹36.29 Cr total (50.40 lakh shares @ ₹10 FV): fresh ₹32.62 Cr, OFS ₹3.67 Cr.
Striders Impex IPO proceeds will be deployed towards the following objectives:
Striders Impex Ltd NSE SME IPO reserves 50.40 lakh shares per SEBI SME norms
The Anchor bidding opens February 25, 2026 (~28% of QIB portion).
Lock-in: 50% for 30 days, 50% for 90 days per SEBI norms. as per SEBI SME guidelines.
The anchor allocation document filed right before issue opens will list specific anchor investor names via registrar MUFG Intime India Pvt Ltd.
According to RHP reports, Striders Impex Limited posted solid FY25 financials. Revenue grew 48% YoY to ₹61.95 Cr, PAT increased 92% to ₹8.41 Cr (13.58% margin), ROE 55.81%, ROCE 45.2%, EBITDA ₹9.32 Cr (15.07% margin). Growth driven by Disney/Hot Wheels licensing expansions, UAE exports ramp-up, toy merchandising demand, and efficient outsourced manufacturing model.
The important risks and strengths of Striders Impex IPO are mentioned below:
Strengths:
Asset-light business model through outsourced manufacturing reduces capex requirements and facilitates scalable business growth with lower fixed costs.
Two-country sourcing from India and China ensures supply chain flexibility and cost-effectiveness through a diverse set of suppliers.
Strong IP portfolio with Disney/Hot Wheels franchises enhances brand value, pricing, and high-margin merchandising business opportunities.
Strong financial performance with RoNW of 56.51%, EBITDA margin of 15.07%, and PAT growth of 92% YoY indicates efficient business operations.
Risks
Overreliance on Chinese suppliers through purchase orders makes the company susceptible to supply chain disruptions, geopolitical tensions, tariffs, and foreign exchange fluctuations affecting costs and timelines.
Licensing of IPs poses a risk of reduced revenue if licensing agreements are not renewed or terminated, thereby restricting product development and brand usage.
The company is susceptible to reduced sales due to dependence on its top 10 customers, accounting for 73.50% of total sales, due to potential demand slowdowns or loss of business from key clients in the competitive retail industry.
Negative operating cash flow of ₹6.75 Cr (9MFY26) indicates working capital pressures due to inventory buildup or expansion in the UAE.
Overreliance on Chinese suppliers through purchase orders makes the company susceptible.
RHPs support Striders Impex Limited's FY25 performance with revenue of ₹61.95 Cr (+48% YoY), PAT of ₹8.41 Cr (13.58% margin), RoNW of 55.81%, and post-issue P/E ratio of 15.93x (FY25 EPS of ₹6.27)—reasonably valued compared to peers Ok Play India (negative earnings), industry average ~20x for consumer goods companies. The company's integrated licensing business model (Disney/Hot Wheels IPs, outsourced manufacturing in India/China, UAE exports) fuels toy merchandising with Pan-India distribution through 1,000+ touch points and optimized inventory turns.
The ₹36.29 Cr NSE Emerge IPO at ₹72 upper band (market cap of ₹134 Cr) is priced at 0.59x sales/15.93x EPS (post-issue). High RoNW/RoCE (56%/58%), asset-light scalability, subsidiary investments mitigating China risk, client concentration for listing gains.
Investors are advised to exercise discretion and refer to the full DRHP/RHP document before reaching any investment decision. This analysis is for informative purposes and not investment advice.
Action Links:
To apply for Striders Impex IPO, open a demat account here
Striders Impex IPO Subscription Status: Check live subscription here
Striders Impex IPO GMP Update: Check latest grey market premium here
1. What is the Striders Impex IPO open and close date?
The Striders Impex NSE Emerge IPO opens February 26, closes March 2, 2026; allotment March 4, listing March 6.
Track Striders Impex IPO subscription status live here from Finnpick.
2. What is the Striders Impex IPO price band and lot size?
The IPO price band ₹71-72 per share (FV ₹10), lot size 1,600 shares; retail min ₹1.15 lakh (1 lot), ₹2.30 lakh (2 lots).
3. What is Striders Impex IPO total size?
The Striders Impex IPO size is ₹36.29 Cr (fresh ₹32.62 Cr + OFS ₹3.67 Cr), NSE Emerge listing March 6, 2026.
4. How to apply for the Striders Impex IPO?
Open a demat here (Zerodha/Upstox/AngelOne) or ASBA by Mar 02, 4 PM. Monitor Striders Impex IPO subscription tracker here.
5. How to check Striders Impex IPO Allotment Status?
The allotment date is on Mar 04th and can be checked on MUFG Intime India Ltd portal RTA portal using PAN/DP ID.
6. What is Striders Impex IPO GMP today and subscription status?
Current Grey Market Premium (GMP) stands at ₹0 (flat) as of Feb 20, indicating listing at the price range of ₹72—check daily updates of Striders Impex IPO GMP trends here and live subscription status here from Feb 26th opening only on Finnpick.
7. What does Striders Impex specialize in?
Striders Impex specializes in licensing global brands like Disney and Hot Wheels for toys, kids' apparel, stationery, and merchandise, with distribution across India and UAE exports.
8. When is the Striders Impex IPO listing date?
The Striders Impex Ltd IPO lists on 06th March, 2026 on NSE SME (~T+1 post-allotment Mar 04th).
9. What are the Striders Impex IPO proceeds utilization details?
The Striders Impex IPO fresh issue proceeds allocate ₹10 Cr working capital, ₹6.50 Cr UAE subsidiary, ₹4.50 Cr Indian subsidiary, balance (~₹11.62 Cr) general corporate purposes.
