Striders Impex Limited, a company engaged in licensing, own-brand development, and distribution of toys and kids’ consumer merchandise, is set to launch its Initial Public Offering on February 26, 2026. The IPO is a book-built issue aggregating to ₹36.29 crore and will close for subscription on March 2, 2026.

The company plans to list its shares on the NSE SME platform, with the tentative listing date scheduled for March 6, 2026.

About Striders Impex Limited

Striders Impex operates in the growing children’s consumer products segment. The company focuses on:

• Licensed merchandise

• Proprietary toy brands

• Back-to-school products such as bags

• Accessories for children

Its revenue is generated through the sale of these products across multiple channels, including:

• Modern retail chains

• General trade outlets

• E-commerce platforms

The company follows an asset-light business model, which means it outsources manufacturing while retaining control over design, sourcing, branding, and distribution. This approach allows the company to scale operations without heavy capital investment in production facilities.

Striders Impex manages distribution across India and also caters to select international markets.

Striders Impex IPO details

The IPO is structured as a Book Built Issue of ₹36.29 crore, comprising:

• Fresh issue of 0.45 crore shares aggregating to ₹32.62 crore

• Offer for Sale (OFS) of 0.05 crore shares aggregating to ₹3.66 crore

The fresh issue proceeds are expected to be utilised for business expansion, working capital requirements, and general corporate purposes, while the OFS component will allow certain shareholders to partially exit their holdings.

Key dates

• IPO opening date: February 26, 2026

• IPO closing date: March 2, 2026

• Allotment finalisation: On or about March 4, 2026

• Tentative listing date: On or about March 6, 2026

• Stock exchange: NSE SME

Investors are advised to track official announcements for any updates regarding timelines.

Price band and valuation

The price band for the Striders Impex IPO has been fixed at ₹71 to ₹72 per equity share.

At the upper price band of ₹72 per share, the company’s estimated market capitalisation will be approximately ₹134.04 crore.

The pricing reflects the company’s current scale of operations, growth potential in the toys and kids merchandise segment, and prevailing market conditions.

Lot size and minimum investment

The IPO has a lot size of 1,600 shares.

Retail investors

Retail investors are required to apply for a minimum of 2 lots, which equals:

• 3,200 shares

• Minimum investment amount: ₹2,30,400

High-Net-Worth Individuals (HNIs)

HNIs are required to apply for a minimum of 3 lots, which equals:

• 4,800 shares

• Minimum investment amount: ₹3,45,600

Given the relatively high minimum investment requirement, the issue is positioned more towards serious retail participants and HNI investors.

Grey Market Premium update

The Grey Market Premium (GMP) for Striders Impex IPO is currently reported at ₹0.

This indicates neutral unofficial market sentiment ahead of the listing. However, it is important to note that:

• Grey market trading is unofficial and unregulated.

• No actual price discovery takes place in this segment.

• GMP fluctuates based on demand and supply in the informal market.

Investors should rely primarily on fundamentals, financial performance, and official disclosures rather than grey market signals.

Lead managers and intermediaries

The IPO is being managed by:

• Book Running Lead Manager: CAPITALSQUARE ADVISORS PRIVATE LIMITED

• Registrar to the Issue: MUFG INTIME INDIA PRIVATE LIMITED

• Market Maker: Nikunj Stock Brokers Ltd.

These intermediaries are responsible for ensuring compliance, handling investor applications, and facilitating smooth listing.

Business model and growth prospects

Striders Impex operates in a competitive but expanding segment of the consumer goods market. The Indian toys and kids merchandise industry has witnessed growth due to:

• Rising disposable income

• Increasing focus on branded products

• Growth in organised retail

• Expansion of e-commerce platforms

By following an asset-light model, the company avoids heavy capital expenditure on manufacturing plants. Instead, it focuses on:

• Product design innovation

• Licensing agreements

• Brand building

• Efficient distribution networks

This strategy can help maintain flexible cost structures and potentially improve margins if managed efficiently.

Risks to consider

Like any SME IPO, Striders Impex carries certain risks:

• Dependence on outsourced manufacturing partners

• Competition from domestic and international brands

• Changing consumer preferences

• Working capital requirements

• Sensitivity to seasonal demand cycles

Investors should carefully review the Red Herring Prospectus for detailed financial data, risk factors, and future plans.

SME platform considerations

The company will be listed on the NSE SME platform, which is designed for small and medium enterprises. While SME listings provide growth opportunities, they also involve:

• Lower liquidity compared to mainboard stocks

• Higher volatility

• Limited analyst coverage

Investors should evaluate their risk appetite before participating.

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