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Stanley Lifestyles Limited IPO (Stanley Lifestyles IPO) Detail

June 21, 2024 - June 25, 2024

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.

Stanley Lifestyles IPO Details

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 Size14,553,508 shares
(aggregating up to ₹537.02 Cr)
Fresh Issue5,420,054 shares
(aggregating up to ₹200.00 Cr)
Offer for Sale9,133,454 shares of ₹2
(aggregating up to ₹337.02 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue51,597,168
Share holding post issue57,017,222

Stanley Lifestyles IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered4,366,051 (30.00%)NA
QIB Shares Offered2,910,702 (20.00%)NA
NII (HNI) Shares Offered2,183,026 (15.00%)
  bNII > ₹10L1,455,351 (10.00%)2,598
  sNII < ₹10L727,676 (5.00%)1,299
Retail Shares Offered5,093,728 (35.00%)127,343
Total Shares Offered14,553,507 (100%)

Stanley Lifestyles IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Stanley Lifestyles IPO Lot Size

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

Stanley Lifestyles IPO Promoter Holding

Sunil Suresh and Shubha Sunil are the promoters of the company.

Share Holding Pre Issue 67.36%
Share Holding Post Issue 56.81%

About Stanley Lifestyles Limited

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:

  1. Seating: This includes the design, production and sale of seating furniture such as sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
  2. Cased goods: These products have a solid casing, usually made of wood; they include coffee tables, dining tables, end tables, and consoles.
  3. Kitchens and cabinets: These include kitchens and cabinetry products in a variety of materials, finishes, and styles. These include kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables.
  4. Mattresses and beds: This includes the design, manufacture, and sale of a range of bed frames, mattresses, pillows and accessories.
  5. Automotive and other: This includes the design and manufacture of shoes that can be customized to customer specifications and are available in a range of sizes, including half sizes shoes. The company also offers leather seat covers for car brands. While the company manufactures all of its own products, ancillary products such as lighting and switches are generally imported and sold under private labels. The company also sells carpets that are sourced locally from other manufacturers and sold under private labels.

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 Financial Information (Restated Consolidated)

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 Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Profit After Tax18.7034.9823.221.92
Net Worth237.21216.50199.76182.93
Reserves and Surplus225.83207.88191.31174.96
Total Borrowing30.909.376.090.25
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Stanley Lifestyles IPO is Rs 2103.94 Cr.

KPI as of December 31, 2023.

KPI Values
PAT Margin (%)5.97
Pre IPO Post IPO
EPS (Rs) 6.784.37
P/E (x) 54.4384.4
  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.

Objects of the Issue (Stanley Lifestyles IPO Objectives)

The company proposes to utilize the Net Proceeds towards the funding of the following objects:

  1. Expenditure for opening new stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("New Stores");
  2. Expenditure for opening anchor stores ("Anchor Stores");
  3. Expenditure for the renovation of existing stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("Existing Stores");
  4. Funding the capital expenditure requirements for purchasing new machinery and equipment by the company and Material Subsidiary, SOSL; and
  5. General corporate purposes.

Stanley Lifestyles IPO Review (May apply)

[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...

Stanley Lifestyles IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
    bNII (bids above ₹10L)136.75
    sNII (bids below ₹10L)90.76

Total Application : 2,156,995 (16.94 times)

Stanley Lifestyles IPO Prospectus

Stanley Lifestyles IPO Rating

Rating:Rated 3.3 stars
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Stanley Lifestyles IPO Listing Details

Listing Date June 28, 2024
BSE Script Code 544202
ISIN INE01A001028
Final Issue Price ₹369 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Stanley Lifestyles Limited 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

Stanley Lifestyles IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Stanley Lifestyles IPO - Buy or Not

Stanley Lifestyles IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 12 2 0
Members 1 0 0

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Stanley Lifestyles IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Stanley Lifestyles IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Stanley Lifestyles IPO listing date is on June 28, 2024.
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