Stanley Lifestyles IPO Details
The Stanley Lifestyles IPO is a book build issue with a total issue size of ₹537.02 cr, comprising of fresh issue of 5420054 equity shares., and a offer for sale of 9133454 equity shares. Stanley Lifestyles IPO opened for subscription on Jun 21, 2024 and closed on Jun 25, 2024. Stanley Lifestyles IPO is set price band at ₹351 to ₹359 per share, with a lot size of 40 shares. Minimum investment for Retail investors was ₹14,360.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Jun 26, 2024, and listed on both the NSE and BSE on Jun 28, 2024.
Kfin Technologies Limited has been appointed as the registrar. Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited are the Book Running Lead Manager for the issue.
Before investing in the Stanley Lifestyles IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 351 – 359
- Lot Size
- 40
- Issue Size
- ₹537.02 Cr
- Minimum Investment
- ₹14360 (40 Shares)
- Listing Date
- 28 June 2024
Current GMP
₹173 (+48.19%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Stanley Lifestyles Limited
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.
Stanley Lifestyles IPO Promoters
The promoters of the company are
- Sunil Suresh
- Shubha Sunil
Promoters Holding
Holding Pre Issue
67.36%
Holding Post Issue
56.81%
Stanley Lifestyles IPO Objective
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
Book Running Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- JM Financial Limited
- SBI Capital Markets Limited
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 with a total issue size of ₹537.02 crore. The Stanley Lifestyles IPO price band is ₹351 to 359 per share. The Stanley Lifestyles IPO subscription opens on Fri, Jun 21, 2024, and closes on Tue, Jun 25, 2024. The Stanley Lifestyles IPO will be listed on the BSE,NSE. Kfin Technologies Limited is the registrar for the Stanley Lifestyles IPO.
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 per share.
Stanley Lifestyles IPO lot size is 40 shares, Retail investors need a minimum investment of ₹14360 based on the upper price band
The minimum investment for Stanley Lifestyles IPO is ₹14360, based on one lot of 40 shares at the upper price band of ₹359 per share.
Investors can apply for the Stanley Lifestyles IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Jun 25, 2024. The application amount remains blocked until the Stanley Lifestyles IPO allotment is finalized.
Stanley Lifestyles IPO issue size is ₹537.02 crores.
Stanley Lifestyles IPO allotment date is Wed, Jul 1, 2026.
The registrar for Stanley Lifestyles IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Stanley Lifestyles IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.