Issue Price
₹351- ₹369
per equity share
Issue Size
1.02 crores
equity share
Face Value
₹ 2
per equity share
Market Lot
40
equity share
Please note
Listing at BSE ,NSE
STANLEY LIFESTYLES LIMITED
Important Dates
IPO Open Date
21 Jun 2024
IPO Close Date
25 Jun 2024
Allotment Date
26 Jun 2024
Initiation of Refunds
27 Jun 2024
Credit of Shares to Demat Account
27 Jun 2024
IPO Listing Date
28 Jun 2024
UPI Mandate Expiry Date
25 Jun 2024
IPO Details
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 Li
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Check Allotment StatusAbout 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.
Parent Organisation
-
Founded
2007
Managing Director
Sunil Suresh
IPO Objectives
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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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