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Stanley Lifestyles IPO is a book built issue of Rs 537.02 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to Rs 200.00 crores and offer for sale of 0.91 crore shares aggregating to Rs 337.02 crores.
Stanley Lifestyles IPO bidding started from June 21, 2024 and ended on June 25, 2024. The allotment for Stanley Lifestyles IPO was finalized on Wednesday, June 26, 2024. The shares got listed on BSE, NSE on June 28, 2024.
Stanley Lifestyles IPO price band is set at ₹351 to ₹369 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹14,760. The minimum lot size investment for sNII is 14 lots (560 shares), amounting to ₹206,640, and for bNII, it is 68 lots (2,720 shares), amounting to ₹1,003,680.
Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Stanley Lifestyles IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Stanley Lifestyles IPO RHP for detailed information.
| IPO Date | June 21, 2024 to June 25, 2024 |
| Listing Date | June 28, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹351 to ₹369 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 14,553,508 shares (aggregating up to ₹537.02 Cr) |
| Fresh Issue | 5,420,054 shares (aggregating up to ₹200.00 Cr) |
| Offer for Sale | 9,133,454 shares of ₹2 (aggregating up to ₹337.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 51,597,168 |
| Share holding post issue | 57,017,222 |
Stanley Lifestyles IPO offers 14,553,507 shares. 2,910,702 (20.00%) to QIB, 2,183,026 (15.00%) to NII, 5,093,728 (35.00%) to RII and 4,366,051 (30.00%) to Anchor investors. 127,343 RIIs will receive minimum 40 shares and 1,299 (sNII) and 2,598 (bNII) will receive minimum 560 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,366,051 (30.00%) | NA |
| QIB Shares Offered | 2,910,702 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,183,026 (15.00%) | |
| bNII > ₹10L | 1,455,351 (10.00%) | 2,598 |
| sNII < ₹10L | 727,676 (5.00%) | 1,299 |
| Retail Shares Offered | 5,093,728 (35.00%) | 127,343 |
| Total Shares Offered | 14,553,507 (100%) |
Stanley Lifestyles IPO raises Rs 161.11 crore from anchor investors. Stanley Lifestyles IPO Anchor bid date is June 20, 2024. Stanley Lifestyles IPO Anchor Investors list
| Bid Date | June 20, 2024 |
| Shares Offered | 4,366,051 |
| Anchor Portion Size (In Cr.) | 161.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 24, 2024 |
Stanley Lifestyles IPO opens on June 21, 2024, and closes on June 25, 2024.
| IPO Open Date | Friday, June 21, 2024 |
| IPO Close Date | Tuesday, June 25, 2024 |
| Basis of Allotment | Wednesday, June 26, 2024 |
| Initiation of Refunds | Thursday, June 27, 2024 |
| Credit of Shares to Demat | Thursday, June 27, 2024 |
| Listing Date | Friday, June 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2024 |
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,760 |
| Retail (Max) | 13 | 520 | ₹191,880 |
| S-HNI (Min) | 14 | 560 | ₹206,640 |
| S-HNI (Max) | 67 | 2,680 | ₹988,920 |
| B-HNI (Min) | 68 | 2,720 | ₹1,003,680 |
| Lot Size Calculator | |||
Sunil Suresh and Shubha Sunil are the promoters of the company.
| Share Holding Pre Issue | 67.36% |
| Share Holding Post Issue | 56.81% |
Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury and ultra-luxury furniture and sells it through its brand "Stanley".
The company's product list can be divided into the following categories:
As of December 31, 2023, the Company operated 38 "company-owned and company-operated" or "COCO" stores, all located in the major metropolitan cities of Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, and 24 "franchisee-owned and franchisee-operated" or "FOFO" stores in 21 cities across 11 Indian states and Union Territories.
The Company's product development department is spread over approximately 15,000 square feet at its manufacturing city in Bengaluru, Karnataka and as of December 31, 2023, the company had 778 employees.
Stanley Lifestyles Limited's revenue increased by 42.94% and profit after tax (PAT) rose by 50.64% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 581.54 | 458.19 | 422.15 | 346.52 |
| Revenue | 322.29 | 425.62 | 297.76 | 201.71 |
| Profit After Tax | 18.70 | 34.98 | 23.22 | 1.92 |
| Net Worth | 237.21 | 216.50 | 199.76 | 182.93 |
| Reserves and Surplus | 225.83 | 207.88 | 191.31 | 174.96 |
| Total Borrowing | 30.90 | 9.37 | 6.09 | 0.25 |
| Amount in ₹ Crore | ||||
The market capitalization of Stanley Lifestyles IPO is Rs 2103.94 Cr.
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 7.92% |
| ROCE | 8.63% |
| Debt/Equity | 0.86 |
| RoNW | 8.34% |
| P/BV | 8.03 |
| PAT Margin (%) | 5.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.78 | 4.37 |
| P/E (x) | 54.43 | 84.4 |
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
[Dilip Davda] The company is one of the leading player in premium – luxury furniture. It marked steady growth in its top and bottom lines between FY21 and FY23. Based on FY24 annualized earnings, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate funds for the long term. Read detail review...
The Stanley Lifestyles IPO is subscribed 97.16 times on June 25, 2024 6:19:05 PM. The public issue subscribed 19.08 times in the retail category, 215.62 times in the QIB category, and 121.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 215.62 |
| NII | 121.42 |
| bNII (bids above ₹10L) | 136.75 |
| sNII (bids below ₹10L) | 90.76 |
| Retail | 19.08 |
| Total | 97.16 |
Total Application : 2,156,995 (16.94 times)
| Listing Date | June 28, 2024 |
| BSE Script Code | 544202 |
| NSE Symbol | STANLEY |
| ISIN | INE01A001028 |
| Final Issue Price | ₹369 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹369.00 |
| ₹499.00 |
| ₹470.25 |
| ₹510.00 |
| ₹474.00 |
| NSE |
|---|
| ₹369.00 |
| ₹494.95 |
| ₹470.20 |
| ₹509.40 |
| ₹474.75 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sll.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Stanley Lifestyles IPO is a main-board IPO of 14,553,508 equity shares of the face value of ₹2 aggregating up to ₹537.02 Crores. The issue is priced at ₹351 to ₹369 per share. The minimum order quantity is 40 Shares.
The IPO opens on June 21, 2024, and closes on June 25, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Stanley Lifestyles IPO using UPI as a payment gateway. Zerodha customers can apply in Stanley Lifestyles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Stanley Lifestyles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Stanley Lifestyles IPO opens on June 21, 2024 and closes on June 25, 2024.
Stanley Lifestyles IPO lot size is 40 Shares, and the minimum amount required is ₹14,760.
You can apply in Stanley Lifestyles IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Stanley Lifestyles IPO will be done on Wednesday, June 26, 2024, and the allotted shares will be credited to your demat account by Thursday, June 27, 2024. Check the Stanley Lifestyles IPO allotment status.
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