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Founded in 2007, Stanley Lifestyles Limited specializes in designing and manufacturing high-end, luxury furniture under its brand “Stanley.” The company offers a wide range of products, including:
- Seating: Sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
- Cased Goods: Wooden furniture such as coffee tables, dining tables, end tables, and consoles.
- Kitchens and Cabinets: A variety of kitchens, laundry/utility cupboards, wardrobes, bar cabinets, prayer cupboards, shoe racks and bedside tables in different materials, finishes and styles.
- Mattresses and Beds: Bed frames, mattresses, pillows, and accessories.
- Automotive and Other: Customizable shoes available in various sizes, including half sizes, and leather seat covers for cars. The company imports ancillary products like lighting and switches, selling them under private labels. It also offers locally sourced carpets under private labels.
As of December 31, 2023, Stanley Lifestyles operated 38 company-owned and operated (COCO) stores in major cities like Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad. Additionally, there were 24 franchisee-owned and operated (FOFO) stores in 21 cities across 11 states and Union Territories in India.
Stanley Lifestyles IPO Overview
Stanley Lifestyles is launching an IPO worth ₹537.02 crores through a book-building process. This IPO includes a fresh issue of 0.54 crore shares, amounting to ₹200 crores, and an offer for sale of 0.91 crore shares, totaling ₹337.02 crores.
The IPO opens for subscription on June 21, 2024, and closes on June 25, 2024. The allotment is expected to be finalized on June 26, 2024, with the shares likely to be listed on the BSE and NSE on June 28, 2024.
The price band for the IPO is set between ₹351 and ₹369 per share, with a face value of ₹2 per share. The promoters of Stanley Lifestyles are Shubha Sunil & Sunil Suresh.
Before the IPO, the promoters hold 67.36% of the company’s shares. The post-issue shareholding details are not yet available.
Stanley Lifestyles IPO GMP
- Grey market premium (GMP) for Stanley IPO was ₹27 as of June 15th, 2024, 04:02 PM. With a price band of ₹369, the estimated listing price is ₹396 (the cap price plus today’s GMP). This indicates an expected gain of 7.32% per share. Trade Target keeps updating the GMP daily, and based on the last three sessions, the current GMP of ₹27 is trending downward.
- Date: 26 – June – 2024
- Stanley Lifestyles GMP: ₹170 (46.07%)
- Date: 25 – June – 2024
- Stanley Lifestyles GMP: ₹163 (44.17%)
- Date: 24 – June – 2024
- Stanley Lifestyles GMP: ₹167 (45.26%)
- Date: 23 – June – 2024
- Stanley Lifestyles GMP: ₹172 (46.61%)
- Date: 22 – June – 2024
- Stanley Lifestyles GMP: ₹172 (46.61%)
- Date: 21 – June – 2024
- Stanley Lifestyles GMP: ₹165 (44.72%)
- Date: 20 – June – 2024
- Stanley Lifestyles GMP: ₹162 (43.9%)
- Date: 19 – June – 2024
- Stanley Lifestyles GMP: ₹150 (40.65%)
- Date: 18 – June – 2024
- Stanley Lifestyles GMP: ₹140 (37.94%)
- Date: 17 – June – 2024
- Stanley Lifestyles GMP: ₹120 (32.52%)
- Date: 16 – June – 2024
- Stanley Lifestyles GMP: ₹110 (29.81%)
- Date: 15 – June – 2024
- Stanley Lifestyles GMP: ₹110 (29.81%)
- Date: 14 – June – 2024
- Stanley Lifestyles GMP: ₹100 (27.1%)
How can one apply for Stanley Lifestyles IPO?
Investors can apply for a minimum of 40 shares and buy more in multiples of 40. Below are the minimum and maximum investments allowed for retail investors and high-net-worth individuals (HNI):
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
40 |
₹14,760
|
|
Retail (Max) |
13 |
520 |
₹191,880
|
|
S-HNI (Min) |
14 |
560 |
₹206,640
|
|
S-HNI (Max) |
67 |
2,680
|
₹988,920
|
|
B-HNI (Min)
|
68 |
2,720 |
₹1,003,680
|
Stanley Lifestyles IPO Financial
The company has shown growth in assets, revenue, and profit over the past three years, with a corresponding increase in borrowings to support its operations and expansion plans.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Crores) |
458.19
|
422.15
|
346.52
|
|
Revenue (₹ Crores) |
425.62
|
297.76
|
201.71
|
|
PAT (₹ crores)
|
34.98
|
23.22
|
1.92
|
|
Total Borrowing (₹ crores)
|
9.37
|
6.09
|
0.25
|
Stanley Lifestyles IPO Quota allocation
- QIB Investors: 50% of the net issue
- Retail Investors: 35% of the net issue
- NII (HNI) Investors: 15% of the net issue
Expected Listing Date for Stanley Lifestyles IPO
- Subscription Period: 21 June 2024 to 25 June 2024
- Basis of Allotment Finalization: 26 June 2024
- Initiation of Refunds: 27 June 2024
- Demat Credits: 27 June 2024
- Listing Date: 28 June 2024
- Listing on: BSE, NSE
