The Striders Impex Ltd. IPO opened on 26 February 2026 with notable investor interest, achieving around 61% subscription on the very first day of bidding. Qualified institutional buyers (QIBs) stole the spotlight early, while retail participation and non-institutional investor bookings continue to build. Priced between ₹71 and ₹72 per share, this ₹36.29 crore book-built issue reflects cautious optimism around the company’s growth plans, especially its expansion in retail and e-commerce channels. With 6 more days to go before the IPO closes on 2 March 2026, market participants are watching closely as subscription trends unfold.

 

Author : Aashiya Jain | EQmint | Corporate Updates

 

About Striders Impex: A Company on the Cusp of Growth

Striders Impex Ltd. is a fairly young yet ambitious enterprise, established in 2021 and operating in the leisure products and children’s merchandise sector. At its core, the company focuses on licensing, developing its own brand, and distributing toys and kids’ consumer goods across various retail formats in India and internationally.

 

Unlike typical manufacturing-heavy firms, Striders Impex follows an asset-light model end to end involvement from product design and development to sourcing, coordination of manufacturing, and distribution allowing it to stay nimble while expanding its reach. Its distribution network spans modern trade, general trade, and e-commerce platforms, and it also collaborates with premium retail chains.

 

In its most recent fiscal year ending March 2025, the company reported consolidated revenue of ₹61.87 crore, an EBITDA of ₹9.32 crore, and a profit after tax (PAT) of ₹8.41 crore. For the nine months ended December 2025, it logged revenues of ₹49.57 crore, EBITDA of ₹6.49 crore, and PAT of ₹4.01 crore figures that provide a snapshot of its emerging financial footprint.

 

Striders Impex IPO: Structure and Details

The Striders Impex IPO is a book built issue aiming to raise funds totalling around ₹36.29 crore through a combination of:

 

• Fresh Issue: Approx. 45,31,200 equity shares aggregating up to ₹32.62 crore
• Offer for Sale (OFS): Approx. 5,08,800 shares aggregating up to ₹3.66 crore

The IPO price band has been fixed at ₹71-₹72 per share, with a face value of ₹10 per equity share. Investors can apply for a minimum of 1,600 shares, with additional bidding allowed in multiples thereof. At the upper price band, this translates to a minimum investment of approximately ₹1,15,200.

 

The shares are proposed to be listed on the NSE Emerge platform with a tentative listing date set for 6 March 2026.

 

Day 1 Subscription Trends : QIBs Shine Early

By late afternoon on Day 1 the first bidding day the Striders Impex IPO had garnered a 61% subscription overall. Breaking this down:

 

• Retail investors: Subscribed about 23%
• Qualified Institutional Buyers (QIBs): Registered strong interest, booking about 1.74× of their reserved quota
• Non-Institutional Investors (NIIs): Yet to be fully booked as of mid-Day 1

In tangible terms, the IPO received bids for 20,52,800 shares against 33,53,600 shares on offer, signaling early appetite from institutional participants. While retail participation was modest, QIB involvement so far indicates confidence in the company’s growth trajectory and capital plans.

 

Why This IPO Matters: Company Plans and Market Position

Striders Impex’s IPO proceeds are earmarked for strategic expansion: growing its direct-to-consumer online channels via e-commerce platforms, broadening its offline retail distribution footprint in more cities, and supporting corporate initiatives such as subsidiary investments and working capital needs. The company also plans to strengthen its overseas presence, particularly in the UAE, to tap global markets more effectively.

 

For a business rooted in branded leisure and children’s merchandise a category increasingly boosted by rising discretionary spending this IPO represents a chance to secure capital for scalable growth.

 

Grey Market Premium (GMP) :Flat Lead to Controlled Expectations

On Day 1, the grey market premium (GMP) for the Striders Impex IPO stood at ₹0, meaning shares were trading in the grey market roughly at par with the issue price of ₹72. A flat GMP generally suggests a balanced expectation of listing gains neither exuberant optimism nor deep pessimism from short-term traders.

 

This neutral outlook could reflect broader market caution toward small-cap and SME IPOs in 2026, where investors are increasingly selective amid mixed listing performances.

 

What Investors Are Watching Next

With the IPO still open for bidding until 2 March 2026, several key indicators will determine how strong the final subscription picture becomes:

 

• Retail response: Whether individual investors step in more actively in the later days
• NII bookings: How high-net-worth and non-institutional participation evolves
• Overall subscription trajectory: Whether the issue achieves full subscription or oversubscription across categories

The final subscription trends and the eventual listing outcome will offer insights into how the market values a niche player in the toys and consumer merchandise segment.

 

Conclusion

Striders Impex’s IPO has gotten off to a promising start, led by institutional confidence and a balanced grey market outlook. With an attractive price band and clear growth objectives, the company’s public listing journey is now underway. Investors and market watchers alike will be keen to see how the rest of this week’s bidding unfolds and whether this SME IPO turns out to be one of the more successful offerings in the current market environment.

 

For more such information visit EQMint

 

Disclaimer:  This article is not an investment advice and is for educational purpose only