| Annual Financials | Mar 2023 | Mar 2024 | Mar 2025 |
| Revenue | 29.96 | 41.70 | 60.73 |
| Expenses | 27.21 | 37.40 | 52.86 |
| Other Income | 0.00 | 0.06 | 0.08 |
| Total Revenue | 29.96 | 41.77 | 60.82 |
| Profit Before Tax | 2.75 | 4.38 | 7.96 |
| Net Profit | 2.03 | 4.38 | 8.02 |
Striders Impex
Striders Impex IPO
₹2,27,200
1.04 xOver-subscribedBidding Dates26 Feb, 26 -02 Mar, 26
Min Investment ₹2,27,200
Lot Size1,600
Price Range₹71 – ₹72
Issue Size ₹36.29 Cr.
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IPO Subscription Details
Retail Subscription Details
0.44 x
Non-Institutional Buyers (sHNI)
0.65 x
Non-Institutional Buyers (bHNI)
1.32 x
Qualified Institutional Buyers (QIB)
2.03 x
Total1.04 x
1.04 x IPO Timeline
IPO Offer Start
26 Feb,26
IPO Offer Ends
02 Mar,26
Allotment Finalisation
04 Mar,26
Refund Initiation
05 Mar,26
Listing of Shares
06 Mar,26
IPO Analysis
Strengths
The company operates through an asset-light, licensing-led and distribution-focused model that enables efficient capital deployment, rapid scalability, and prudent regulatory compliance by partnering with third-party vendors across geographies.
The company has forged strong relationships with globally renowned licensors, enabling development and distribution of character-driven and brand-affiliated products that enhance product appeal and drive consumer engagement.
The company has developed brand equity through licensed character products and proprietary intellectual properties including Pugs at Play, Furry Pals, and Gurliez, designed for varied age groups and consumer segments.
Risks
The company is exposed to revenue concentration risk as a significant portion of sales is derived from a limited number of customers, with the top 10 customers contributing over 70%–80% of revenues in recent periods. Any reduction in orders, shift in vendor preference, or financial distress of these customers could materially impact revenue, profitability, and cash flows.
The company’s international operations are exposed to geopolitical tensions, trade restrictions, and changing foreign regulations, particularly in markets such as China, UAE, and Europe. Such risks may disrupt supply chains, increase compliance costs, and adversely affect growth plans and profitability.
The company is vulnerable to fluctuations in foreign exchange rates and freight costs due to its import-export dependent business model. Adverse currency movements or logistics cost inflation could negatively affect margins and financial performance.
Objectives
The company requires additional working capital to support incremental business requirements and fund operations for its toy and kids' consumer merchandise business, which will lead to increased profitability and achievement of business targets.
The company proposes to invest in its wholly owned subsidiary Striders FZ LLC, which is engaged in global distribution, marketing, and trading of toys and kids' consumer merchandise in the UAE, to fund its working capital requirements.
The company plans to establish and invest in a new wholly owned subsidiary in mainland UAE to expand its international presence and fund its working capital requirements for operations.
The company intends to utilize proceeds for repayment of existing loans to reduce financial burden and improve the capital structure of the company.
The company will utilize funds for general corporate purposes, which will not exceed fifteen percent of the amount being raised or Rs crores, whichever is less, in accordance with SEBI regulations.
The company will utilize a portion of the proceeds to meet expenses related to the public issue including various costs associated with the IPO process.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2023 | Mar 2024 | Mar 2025 |
| Total Assets | 17.00 | 29.45 | 46.82 |
| Current Assets | 16.81 | 28.03 | 35.79 |
| Fixed Assets | 0.19 | 1.41 | 11.03 |
| Total Equity & Liabilities | 17.00 | 29.45 | 32.33 |
| Total Liabilities | 14.91 | 22.98 | 46.82 |
| Current Liabilities | 14.61 | 22.57 | 31.68 |
| Non Current Liabilities | 0.29 | 0.40 | 0.64 |
| Total Equity | 2.08 | 6.47 | 14.46 |
Cash Flow
| Cash Flow | Mar 2023 | Mar 2024 | Mar 2025 |
| Net Cash Flow | -0.24 | 0.64 | -0.89 |
| Investing Activities | -0.39 | -1.21 | -9.20 |
| Operating Activities | -2.81 | -7.82 | 3.12 |
| Financing Activities | 2.95 | 9.67 | 5.19 |
About Striders Impex
Striders Group is a consumer products group engaged in the distribution, marketing, and trading of toys & kids' consumer merchandise. The company operates across India and the UAE through an integrated structure comprising Striders Impex Limited, focused on taking regional specific licenses, developing own IPs & distribution of toys and...more
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Managing DirectorKumarshri Rajkumar Bahety
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