Striders Impex Ltd. (NSE SME)

Incorporated in 2021 and based in Mumbai, Striders Impex is an asset-light consumer goods company specializing in toys and kids' merchandise. They operate through a mix of global brand licensing and developing their own proprietary intellectual properties (IPs).

Business Verticals

• Licensed Merchandise: Partnering with global brands to design and distribute character-themed toys.

• Proprietary Brands: Developing in-house brands such as Pugs at Play, Furry Pals, Gurliez, and Minds at Play.

• Distribution Network: Pan-India reach across urban and semi-urban markets, complemented by a strong presence on Amazon, Flipkart, and quick-commerce platforms.

Track Record

• Rapid Scaling: Revenue grew significantly from ₹41.77 Cr (FY24) to ₹60.81 Cr (FY25).

• Profitability: Reported a Profit After Tax (PAT) of ₹8.02 Cr in FY25.

• Efficiency: Boasts a high Return on Net Worth (RoNW) of 55.81% for FY25.

• Lean Operations: Manages its vast distribution and licensing business with a team of just 34 employees.

Striders Impex Ltd IPO GMP

As of Feb 21, 2026, the Grey Market Premium (GMP) is currently ₹0.

Note: This indicates the market is currently expecting a flat listing. However, as the issue date (Feb 26) approaches and institutional interest (QIB) becomes clear, the GMP may start to move.

Striders Impex Ltd IPO Allotment Status

The allotment is scheduled to be finalized on Mar 4, 2026.

Check Striders Impex Allotment Status To check your status online, visit: Check Allotment Status Here

You can verify your status via:

• Registrar's website (MUFG Intime India Private Limited)

• NSE official portal

• Using your PAN number or Application ID

Strengths

• Asset-Light Model: By outsourcing manufacturing, the company maintains low capital expenditure and high scalability.

• Strong IP Portfolio: Ownership of proprietary brands allows for better margins compared to pure trading or third-party licensing.

• Supply Chain Diversity: A "dual-country" sourcing strategy helps mitigate risks associated with a single manufacturing hub.

• Financial Health: High ROE and consistent profitability growth over the last three years.

Weakness

• Import Dependency: Significant reliance on China-based manufacturers for supply, exposing the company to geopolitical and currency risks.

• Licensing Risks: Revenue is sensitive to the renewal of licensing agreements with third-party IP owners.

• Client Concentration: A major portion of sales comes from a few large retail customers.

• Inventory Management: The seasonal nature of the toy industry can lead to high inventory holding costs.

How the Company Will Use IPO Money

The fresh issue proceeds of ₹32.62 crores will be used for:

• Working Capital (India): ₹10.00 crores for domestic operations.

• UAE Expansion: ₹11.00 crores for funding working capital in its existing and newly planned UAE subsidiaries.

• Debt Repayment: ₹3.00 crores to reduce interest burdens.

• General Corporate Purposes: Strategic initiatives and branding.

Lead Manager

CapitalSquare Advisors Private Limited

Registrar

MUFG Intime India Private Limited (Formerly Link Intime India Pvt Ltd)

Address: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400 083.

Phone: +91 810 811 4949

Email: stridersimpex.smeipo@in.mpms.mufg.com