Stanley Lifestyles Ltd
Price Range
₹351 - ₹369
Min. Quantity
40
Closes on
25 June 2024
Min. investment
₹14,760/520 Shares
Stanley Lifestyles Ltd IPO Timeline
Stanley Lifestyles Ltd was originally formed as a Partnership Firm under the Partnership Act, 1932, in the name of Stanley Seating' through a Deed of Partnership dated February 1, 2007. The Company thereafter, incorporated as a Public Limited Company as Stanley Lifestyles Limited' upon its conversion from a Partnership Firm vide a fresh Certificate of Incorporation dated October 11, 2007 and a Certificate for Commencement of Business dated December 14, 2007 from the RoC. The Company is engaged in the business of manufacturing and trading of furniture and leather products.
| Event | Date |
|---|---|
| Stanley Lifestyles Ltd IPO Opening Date | 21 June 2024 |
| Stanley Lifestyles Ltd IPO Closing Date | 25 June 2024 |
| Basis of Allotment | 26 June 2024 |
| Initiation of Refunds | 27 June 2024 |
| Credit of Shares to Demat | 27 June 2024 |
| Stanley Lifestyles Ltd IPO Listing Date | 28 June 2024 |
Stanley Lifestyles Ltd IPO Details
| Stanley Lifestyles Ltd IPO Date | 21 June 2024 to 25 June 2024 |
| Stanley Lifestyles Ltd IPO Face Value | ₹2 per share |
| Stanley Lifestyles Ltd IPO Price | ₹351 to ₹369 per share |
| Stanley Lifestyles Ltd IPO Lot Size | 40 |
| Issue Size | Shares of ₹2 (aggregating up to ₹537.02 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹200 Cr) |
| Offer for Sale | Shares of ₹2 (aggregating up to ₹337.02 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 28,25,777 of the Net Offer |
| Retail Shares Offered | Not less than 51,91,011 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 22,24,719 of the Net Offer |
| Company Promoters | Sunil Suresh, Shubha Sunil |
Stanley Lifestyles Ltd IPO Lot Size
The Stanley Lifestyles Ltd IPO lot size is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹1,91,880).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 40 | ₹14,760 |
| Maximum | 13 | 520 | ₹1,91,880 |
- Strengths
- Risks
- Opportunities
- Largest and the fastest growing brand in the luxury/super-premium furniture segment.
- Comprehensive home furniture provider with offerings across categories and price points.
- Pan-India presence with strategically located stores.
- Focus on design-led product innovation.
- Vertically integrated manufacturer with skilled craftmanship capabilities.
- Efficient business model with track record of delivering financial growth.
- Promoter-led company with experienced professional and senior management team.
Company Financials
Stanley Lifestyles Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 326 | 250.9 | 15.70 |
| 03-2023 | 274.9 | 243.7 | 8.80 |
| 03-2022 | 292.15 | 178.34 | 9.50 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Expenditure for opening the new tores
- Expenditure for opening the anchor stores
- Expenditure for renovation of the existing stores
- Funding the capital expenditure requirements for purchase of new machinery and equipment by the company and its material subsidiary SOSL
- General corporate purposes
Stanley Lifestyles Ltd IPO Promoter Holding
| Pre Issue Share Holding | 33.64% |
| Post Issue Share Holding | 28.38% |
Stanley Lifestyles Ltd IPO Subscription Status (Bidding Detail)
The Stanley Lifestyles Ltd IPO is subscribed 5.22 times on 25 June 2024 05:00:00 PM. The public issue subscribed 6.11 times in the retail category, 0.74 times in the QIB category, and 8.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 0.74 | 8.86 | 6.11 | - | 5.22 |
Stanley Lifestyles Ltd IPO Prospectus
Stanley Lifestyles Ltd IPO Listing Date
| Listing Date | 28 June 2024 |
| BSE Script | 544202 |
| NSE Symbol | STANLEY |
| Listing In | BSE, NSE |
| ISIN | INE01A001028 |
| IPO Price | ₹369 |
| Face Value | ₹2 |
Company Contact Information
SY.# 16/2 & 16/3 Part Hosur RdVeerasandra Vi. Attibele Hobli,Bangalore-560100
Phone: +91 80 6895 7200
Email: investors@stanleylifestyles.com
Website: www.stanleylifestyles.com
Stanley Lifestyles Ltd IPO Registrar
Stanley Lifestyles Ltd IPO Lead Manager(s)
- Axis Capital Ltd
- ICICI Securities Ltd
- JM Financial Ltd
- SBI Capital Markets Ltd
FAQ
What is the issue size of Stanley Lifestyles Ltd IPO?
I have pre-applied for Stanley Lifestyles Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.