Striders Impex Ltd IPO
Trading
Price Band
₹71 – ₹72
Lot Size
1600
Minimum Bid Quantity
3200
Minimum Investment
₹230400
Issue Size
₹36.29Cr
Opens
2026-02-26
Closes
2026-03-02
Listing
06-03-2026
Subscription Status
Qualified Institutional Buyers
2.03 x
Non-Institutional Investor
1.51 x
Retail Individual Investor
0.75 x
Total
1.3 x
IPO Details
Issue Type
EQUITY
Face Value
₹10
Tick Size
1
ISIN
INE1XWN01017
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Striders Impex Limited is engaged in the business of licensing, own brand development, and distribution of toys and kids’ consumer merchandise. The company provides end-to-end solutions covering product design and development, sourcing, manufacturing through third parties, and distribution across retail formats in India and select international markets. It develops and distributes licensed merchandise and also owns proprietary intellectual properties (IPs), including Pugs at Play, Furry Pals, Gurliez, Fanster, Beezy Kits, Minds at Play, SHDZ, Boujees, and Striders. Its products cater to children between 18 months and 15 years of age. In addition to its operations in India, Striders Impex has a presence in the Middle East through its wholly owned subsidiary, Striders FZ LLC, and operates through a network of distributors supporting its international distribution activities.
Pros
- • Striders Impex claims to operate an asset-light, licensing-led, and distribution-focused model. By relying on third-party manufacturers instead of owning production facilities, the company states that it reduces fixed overheads and maintains operational flexibility. This structure is presented as enabling faster scalability and efficient capital deployment.
- • The company claims to have established partnerships with internationally recognised licensors. These arrangements allow it to develop and distribute character-based and brand-affiliated products without undertaking in-house content creation. It states that adherence to licensing terms and brand protocols supports its position as a compliant distribution partner.
- • Striders Impex has set up wholly owned subsidiaries, including Striders FZ LLC and Striders Hub General Trading LLC, to expand outside India. The company claims that this international presence supports revenue diversification and broader market access.
Cons
- • The company is dependent on purchase order-based procurement arrangements with China-based manufacturers, without entering into long-term or framework supply agreements. Procurement from China accounted for Rs 16.20 crore (56.13 percent) of total costs incurred for procurement for the period ended December 31, 2025; Rs 24.53 crore (60.58 percent) in FY25; Rs 18.06 crore (64.57 percent) in FY24; and Rs 16.39 crore (66.74 percent) in FY23. Any material disruption, dispute, delay, or default in respect of procurements from China-based manufacturers could adversely affect the company’s business operations, revenues, cash flows, working capital requirements, profitability, and overall financial condition.
- • The top customer accounted for Rs 12.62 crore (25.45 percent) (consolidated) of the company’s total sales for the period ended December 31, 2025; Rs 22.41 crore (36.22 percent) (consolidated) in FY25; Rs 10.65 crore (25.55 percent) (standalone) in FY24; and Rs 12.18 crore (40.65 percent) (standalone) in FY23. Any significant reduction in business from this client could have an adverse effect on the company’s revenue, profitability, financial condition, and cash flows.
- • The top supplier accounted for Rs 7.18 crore (19.72 percent) (consolidated) of the company’s total purchases for the period ended December 31, 2025; Rs 9.44 crore (22.91 percent) (consolidated) in FY25; Rs 9.80 crore (35.05 percent) (standalone) in FY24; and Rs 8.22 crore (33.49 percent) (standalone) in FY23. Any disruption in supplies from this key supplier could have an adverse effect on the company’s business operations and financial condition.
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