Stanley Lifestyles IPO
Open MainLineCurrent GMP
₹173 (+48.19%)
Price Band
₹ 351 – 359
Lot Size
40
Issue Size
₹537.02 Cr
Minimum Investment
₹14360 (40 Shares)
Listing Date
28 June 2024
Subscription
96.98x
About the Company
Founded in 2007, Stanley Lifestyles Limited specialises in designing and manufacturing super-premium, luxury, and ultra-luxury furniture under the brand "Stanley." The company's product range is categorised into:
- Seating: Includes sofas, sofa beds, recliners, dining chairs, pouffes, bar stools, and cushions.
- Cased Goods: Solid wood casing products such as coffee tables, dining tables, end tables, and consoles.
- Kitchens and Cabinets: Offers various kitchen and cabinetry products, including wardrobes, utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables.
- Mattresses and Beds: Designs and sells bed frames, mattresses, pillows, and accessories.
- Automotive and Other: Designs and manufactures customisable shoes and leather car seat covers. Ancillary products like lighting and switches are imported and sold under private labels. Additionally, it sells locally sourced carpets under private labels.
As of December 31, 2023, Stanley Lifestyles operates 38 company-owned and company-operated (COCO) stores in major metropolitan cities, including Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad. It also has 24 franchisee-owned and franchisee-operated (FOFO) stores across 21 cities in 11 Indian states and Union Territories.
The company's product development department spans approximately 15,000 square feet at its manufacturing facility in Bengaluru, Karnataka. As of the same date, Stanley Lifestyles employs 778 individuals.
Promoters
The promoters of the company are
- Sunil Suresh
- Shubha Sunil
Promoters Holding
Holding Pre Issue
67.36%
Holding Post Issue
56.81%
Objects of the Issue
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Investment in certain subsidiaries for:
- Opening new stores under formats “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley.”
- Opening anchor stores by such subsidiaries.
- Renovating existing stores under formats “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley.”
- Funding capital expenditure for purchasing new machinery and equipment by the company and its material subsidiary, Stanley OEM Sofas Limited.
- General corporate purposes.
Address / Contact Info
Stanley Lifestyles Limited
SY No. 16/2 and 16/3 Part,
Hosur Road, Veerasandra Village, Attibele Hobli,
Anekal Taluk, Bengaluru - 560 100
Phone: + 91 80 6895 7200
Email: investors@stanleylifestyles.com
Website: https://www.lovestanley.com
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 21 June 2024
IPO Close Date
Tuesday, 25 June 2024
Basis of Allotment
Wednesday, 26 June 2024
Initiation of Refunds
Thursday, 27 June 2024
Credit of Shares to Demat
Thursday, 27 June 2024
Listing Date
Friday, 28 June 2024 — NSE & BSE
Important Dates
Open Date
21 June 2024
Close Date
25 June 2024
Basis Of Allotment
26 June 2024
Listing Date
28 June 2024
Financial Performance (₹ in Crores)
| Particular | 31 Dec 23 | 31 Mar 23 | 31 Mar 22 | 31 Mar 21 |
|---|---|---|---|---|
| Assets | 581.54 | 458.19 | 422.15 | 346.52 |
| Revenue | 322.29 | 425.62 | 297.76 | 201.71 |
| Profit After Tax | 18.7 | 34.98 | 23.22 | 1.92 |
| Net Worth | 237.21 | 216.5 | 199.76 | 182.93 |
| Reserve & Surplus | 225.83 | 207.88 | 191.31 | 174.96 |
| Total Borrowings | 30.9 | 9.37 | 6.09 | 0.25 |
EPS Pre
6.78%
EPS Post
4.37%
P/E Pre
54.43
P/E (Post Issue)
84.40x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of December 31, 2023. |
|---|---|
| ROE % | 7.92 |
| ROCE % | 8.63 |
| Debt / Equity | 0.86 |
| RoNW % | 8.34 |
| PbW | 8.03 |
| Pat Margin % | 5.97 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 4366051 | 30 | 0 |
| Qualified Institutions | 2910702 | 20 | 0 |
| Non-Institutional | 2183026 | 15 | 0 |
| BNII | 1455351 | 10 | 2598 |
| SNII | 727676 | 5 | 1299 |
| Retail Investors | 5093728 | 35 | 127343 |
| Total | 14553507 | 100 | 0 |
Subscription Status ( Sat, 31 Aug 24 06:12 AM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 2825777 | 627598200 | 222.1x |
| Non-Institutional | 2224719 | 265890200 | 119.52x |
| BNII | 1483146 | 199013360 | 134.18x |
| SNII | 741573 | 66876840 | 90.18x |
| Retail Investors | 5191011 | 99741760 | 19.21x |
| Total | 10241507 | 993230160 | 96.98x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 40 | 14,760.00 |
| Retail (Max) | 13 | 520 | 191,880.00 |
| S-HNI (Min) | 14 | 560 | 206,640.00 |
| S-HNI (Max) | 67 | 2,680 | 988,920.00 |
| B-HNI (Min) | 68 | 2,720 | 1,003,680.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- JM Financial Limited
- SBI Capital Markets Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Stanley Lifestyles IPO is a Book-building IPO worth ₹537.02 crores. The price band is ₹351 to 359 per share. The IPO opens on Fri, Jun 21, 2024 and closes on Tue, Jun 25, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Stanley Lifestyles IPO opens on Fri, Jun 21, 2024 and closes on Tue, Jun 25, 2024
Stanley Lifestyles IPO Price Band is ₹351 to 359.
Stanley Lifestyles IPO lot size is 40, and the minimum amount required for application is ₹14360.
The minimum investment for Stanley Lifestyles IPO is approximately ₹14360 based on the upper price band.
To apply for the Stanley Lifestyles IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Jun 25, 2024. After submission, funds are blocked until the basis of allotment of Stanley Lifestyles IPO is finalised.
Stanley Lifestyles IPO issue size is ₹537.02 crores.
Stanley Lifestyles IPO allotment date is Sat, Jun 27, 2026.
The registrar for Stanley Lifestyles IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Stanley Lifestyles IPO through their official website or helpline.
The Stanley Lifestyles IPO GMP (Grey Market Premium) is ₹173 as of Fri, Jun 28, 2024. Based on the upper price band of ₹359 per share, the estimated Stanley Lifestyles IPO listing price is ₹542, indicating a potential listing gain of approximately 31% over the issue price.