Stanley Lifestyles IPO: Diving Into the IPO in Detail

Stanley Lifestyles IPO is open for subscription starting Friday, June 21, 2024, and closing on Tuesday, June 25, 2024. The price is decided at Rs 351 to Rs 369 per share. The minimum lot size for the retail category is 40 shares. The minimum lot size for small NII is 14 lots consisting of 560 shares. Meanwhile, the minimum lot for big non-institutional investors is 68 lots with 2,720 shares. The minimum investment required for retail category investors is Rs 14,760 (369 x 40 shares). However, for small non-institutional investors, the minimum investment amount required is Rs 2,06,640 (369 x 560 shares); for big non-institutional investors, it is Rs 10,03,680 (369 x 2,720 shares). Stanley Lifestyles IPO is a book-built issue of Rs 537.02 crores. This issue is a combination of fresh issue and offer-for-sale. The allotment for this IPO is expected to be finalised on Wednesday, June 26, 2024. Stanley Lifestyles Limited IPO will be listed on both BSE and NSE, and the listing date is fixed on Friday, June 28, 2024. The book-running lead managers of Stanley Lifestyles Limited are Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited. The registrar for this new IPO is Kfin Technologies Limited. 

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About Stanley Lifestyles Limited

Stanley Lifestyles Limited, founded in 2007, designs and manufactures super-premium, luxury and ultra-luxury furniture and sells it through its brand name, Stanley. The company’s product list can be divided into following categories. 1) Seating - This includes designing, producing and selling seating furniture such as sofas, sofa beds, recliners, dining chairs, 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. 3) Kitchens and Cabinets - These include kitchens and cabinetry products in various materials, finishes, and styles. 4) Mattresses and beds - Mattresses and beds. 5) Automotive – This includes designing and manufacturing shoes that can be customised to customer specifications and are available in a range of sizes, including half-size shoes. Stanley also offers leather seat covers for car brands. The company also manufactures all of its products and ancillary products. They also sell carpets that are sourced locally from other manufacturers and sold under private labels. 

Objectives of Stanley Lifestyles IPO

The net funds will be used for opening new stores under the format of Stanley Level Next, Stanley Boutique, Sofas and more. Additionally, funds will be allocated for opening new anchor stores, renovation for the existing stores, and funding the capital requirements for purchasing new machinery by the company. Other than this general corporate purposes will also be met. 

Financials of Stanley Lifestyles Limited (Amt in Rs Crore)

Stanley Lifestyles reported a revenue of Rs 322.29 crore and net profit of Rs 18.70 crore for the period ending on 31 December 2023. The company’s revenue increased by 42.94% and PAT increased by 50.64% between the FY ending on 31st March 2023 and 31st March 2022. 

Other Important Details of Stanley Lifestyles Limited IPO

Time-Table of Stanley Lifestyles Limited IPO

Lot Size of Stanley Lifestyles Limited IPO

IPO Reservation of Stanley Lifestyles Limited

Promoters of Stanley Lifestyles Limited and Their Holdings

The promoters of Stanley Lifestyles company are Sunil Suresh and Shubha Sunil. 

Key Performance Indicator of Stanley Lifestyles Limited IPO

EPS and P/E Ratio Post IPO

Lead Manager(s) of Stanley Lifestyles Limited IPO

The book-running lead managers of Stanley Lifestyles Limited are Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited. 

How do you apply for the Stanley Lifestyles Limited IPO?

Wait for the public issue to open for subscription, then visit Bigul website to apply for the Stanley Lifestyles Limited IPO with Bigul.

How do you check the allotment status of the Stanley Lifestyles Limited IPO?

The registrar for Stanley Lifestyles Limited IPO is Kfin Technologies Limited. To check your allotment status, please click here.

FAQs

1. What are the details of Stanley Lifestyles Limited IPO 2024?

Stanley Lifestyles IPO is a book-built issue of Rs 537.02 crores. This issue is a combination of fresh issue and offer-for-sale. The allotment for this IPO is expected to be finalised on Wednesday, June 26, 2024. 

2. Who are the lead managers for the Stanley Lifestyles Limited IPO?

Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited are appointed as the lead managers for this IPO.

3. What is the role of Kfin Technologies in this IPO?

Kfin Technologies Limited is the registrar for Stanley Lifestyles Limited, handling the IPO's administrative aspects.

4. How can I apply for the Stanley Lifestyles Limited IPO?

The public subscription of this IPO will open on June 21, 2024. Click here to continue the application process.

5. How will the net proceeds from the IPO be utilised?

The net funds will be used for opening new stores under the format of Stanley Level Next, Stanley Boutique, Sofas and more. Additionally, funds will be allocated for opening new anchor stores, renovation for the existing stores, and funding the capital requirements for purchasing new machinery by the company. 

6. How can I check the allotment status of the IPO?

Investors can check out the allotment status of the Stanley Lifestyles Limited IPO 2024 by visiting here.

7. What is the financial performance of Stanley Lifestyles Limited?

Stanley Lifestyles reported a revenue of Rs 322.29 crore and net profit of Rs 18.70 crore for the period ending on 31 December 2023. The company’s revenue increased by 42.94% and PAT increased by 50.64% between the FY ending on 31st March 2023 and 31st March 2022. 

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