Stanley Lifestyles IPO (Stanley Lifestyles Limited IPO)
Stanley Lifestyles IPO open for bidding on 21st June 2024, and ends on 25th June 2024.
Stanley Lifestyles Limited, founded in 2007, operates in the luxury furniture market, specializing in high-end leather furniture. Headquartered in Bengaluru, Karnataka, they offer premium products like sofas and chairs. Their business strategy includes robust marketing campaigns such as “Beautiful Living” and “Luxury Unlimited,” utilizing newspapers, magazines, and billboards, and participation in international trade exhibitions.
In the future, Stanley plans to expand into tier 2 and tier 3 cities, recognizing the growing potential in these regions. They aim to collaborate with designers and architects, and are considering entering the B2B segment to provide premium furniture solutions to airports, corporate offices, and high-end hospitals, leveraging their brand to meet demand for luxury furnishings.
For more details refer to Stanley Lifestyles IPO RHP and Stanley Lifestyles IPO Pulse Score
Stanley Lifestyles IPO Details
| IPO Date | 21st June 2024 to 25th June 2024 |
| Listing Date | 28th June 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹351 to ₹369 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 1,46,07,558 shares (aggregating up to ₹537.02 Cr) |
| Fresh Issue | 54,74,104 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 91,33,454 shares of ₹2 (aggregating up to ₹337.02 Cr) |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor | 43,66,051(29.9%) |
| QIB | 28,25,777(19.3%) |
| NII | 22,24,719(15.2%) |
| bNII | 14,83,146(10.1%) |
| sNII | 7,41,573(5.1%) |
| Retail | 51,91,011(35.5%) |
| Total | 1,46,07,558(100%) |
Stanley Lifestyles IPO Timeline
| IPO Open | 21st June 2024 |
| IPO Close | 25th June 2024 |
| Basis Of Allotment | 26th June 2024 |
| Initiation of Refunds | 27th June 2024 |
| Credit of Shares to Demat | 27th June 2024 |
| Listing Date | 28th June 2024 |
Fundamentals
Data as of 31st December 2023
| Market Cap | ₹2103.94 Cr | P/E Ratio- Pre IPO | 54.43 |
| RoNW | 8.34% | P/E Ratio- Post IPO | 84.4 |
| RoCE | 8.63% | P/B Ratio | 8.03 |
| Debt to Equity | 0.86 | PAT Margin% | 5.97% |
Stanley Lifestyles IPO Objectives
Company proposes to utilise the Net Proceeds towards funding of the following objects:
- Investment in certain Subsidiaries for the opening of new stores by such Subsidiaries under the formats of “Stanley Level Next”, “Stanley Boutique” and “Sofas & More by Stanley” (“New Stores”)
- opening anchor stores (“Anchor Stores”);
- renovation of existing stores under the formats of “Stanley Level Next”, “Stanley Boutique” and “Sofas & More by Stanley” (“Existing Stores”);
- Funding the capital expenditure requirements for the purchase of new machinery and equipment by our Company and our Material Subsidiary, Stanley OEM Sofas Limited; and
- General corporate purposes
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