Stanley Lifestyles IPO
GMP, Subscription, Price, Dates & Financial Details
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…
Open Date
Fri, 21 Jun 2024
Close Date
Tue, 25 Jun 2024
Price Band
₹ 351 – 359
Lot Size
40
Issue Size
₹ 537.02 Cr
Minimum Investment
₹ 14,360 (40 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Stanley Lifestyles IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹537.02 Crore, comprising a fresh issue of 54.20 Lakh equity shares aggregating to ₹200.00 Crore and an offer for sale (OFS) of 91.33 Lakh equity shares aggregating to ₹337.02 Crore by the existing shareholders.
The Stanley Lifestyles IPO remained open for subscription from June 21, 2024, to June 25, 2024. The basis of allotment was finalized on June 26, 2024, and the company's shares were listed on the NSE and BSE on June 28, 2024.
The company had fixed the price band at ₹351 to ₹359 per share, with a lot size of 40 shares. Retail investors were required to make a minimum investment of ₹14,360 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Stanley Lifestyles Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Stanley Lifestyles IPO Timeline (Tentative)
- IPO Open Date
- Fri, 21 Jun 24
- IPO Close Date
- Tue, 25 Jun 24
- Basis of Allotment
- Wed, 26 Jun 24
- Initiation of Refunds
- Thu, 27 Jun 24
- Credit of Shares to Demat
- Thu, 27 Jun 24
- Listing Date
- Fri, 28 Jun 24 — NSE & BSE
Open Date
21 June 2024
Close Date
25 June 2024
Basis Of Allotment
26 June 2024
Listing Date
28 June 2024
IPO Subscription
Check Live Subscription →The Stanley Lifestyles IPO has received bids for 99,32,30,160 shares against 1,02,41,507 shares offered, resulting in an overall subscription of 96.98x. the NII category is subscribed 119.52x, Retail Investors 19.21x, and QIBs 222.1x. Within the NII category, BNII is subscribed 134.18x, while SNII is subscribed 90.18x.
QIB
222.1x
NII
119.52x
BNII
134.18x
SNII
90.18x
RII
19.21x
Total
96.98x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 50,93,728 shares, representing 35% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 29,10,702 shares (20%), while Non-Institutional Investors (NIIs) receive 21,83,026 shares (15%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 4,366,051 | 30% |
| Qualified Institutions | 2,910,702 | 20% |
| Non-Institutional | 2,183,026 | 15% |
| BNII | 1,455,351 | 10% |
| SNII | 727,676 | 5% |
| Retail Investors | 5,093,728 | 35% |
| Total | 14,553,507 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Stanley Lifestyles Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
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.
Stanley Lifestyles Limited Address / Contact Details
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
Stanley Lifestyles IPO Lot Size
The Stanley Lifestyles IPO has a lot size of 40 shares. Retail investors require a minimum investment of ₹14,760 by applying for 1 lot (40 shares). The maximum application allowed for the retail category is 13 lots (520 shares), requiring an investment of ₹1,91,880.
| 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 |
Issue Reservation
- Anchor Investors — 30%
- QIB — 20%
- NII — 15%
- RII — 35%
Book Running Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
- JM Financial Limited
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Stanley Lifestyles 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.
When will the Stanley Lifestyles IPO open for subscription?
The Stanley Lifestyles IPO opens on Fri, Jun 21, 2024 and closes on Tue, Jun 25, 2024
What is Stanley Lifestyles IPO Price Band?
Stanley Lifestyles IPO Price Band is ₹351 to 359 per share.
What is Stanley Lifestyles IPO Lot Size?
Stanley Lifestyles IPO lot size is 40 shares, Retail investors need a minimum investment of ₹14360 based on the upper price band
What is the minimum investment for Stanley Lifestyles IPO?
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.
How to apply for Stanley Lifestyles IPO?
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.
What is Stanley Lifestyles IPO Issue Size?
Stanley Lifestyles IPO issue size is ₹537.02 crores.
What is the Stanley Lifestyles IPO Allotment Date?
Stanley Lifestyles IPO allotment date is Wed, Jun 26, 2024.
Who is the Stanley Lifestyles IPO Registrar?
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.
What is the Stanley Lifestyles IPO GMP?
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 48.19% over the issue price.
Who is the Stanley Lifestyles IPO Lead Manager?
The book-running lead managers (BRLMs) for the Stanley Lifestyles IPO are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Stanley Lifestyles IPO Red Herring Prospectus (RHP).