Stanley Lifestyles IPO, valued at Rs 537.02 crores, comprises a fresh issue of 0.54 crore shares worth Rs 200.00 crores and an offer for sale of 0.91 crore shares worth Rs 337.02 crores. Subscription opens on June 21, 2024, closing on June 25, 2024, with expected finalisation of allotment on Wednesday, June 26, 2024. Listing on BSE, NSE is tentatively set for Friday, June 28, 2024.

The IPO’s price band ranges from Rs. 351 to ₹369 per share, with a minimum lot size of 40 shares, necessitating a retail investor to invest at least Rs. 14,760. For sNII, the minimum investment stands at 14 lots (560 shares), totaling ₹206,640, while for bNII, it is 68 lots (2,720 shares), totaling Rs. 1,003,680.

Stanley Lifestyles IPO Details

Stanley Lifestyles IPO Lot Size

Stanley Lifestyles IPO Objectives

The Net Proceeds from the IPO will be directed towards various purposes:

1. Funding the establishment of new stores, including “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley” formats.
2. Allocating resources for the setup of anchor stores.
3. Financing the renovation of current stores under the “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley” formats.
4. Meeting capital expenditure needs for acquiring new machinery and equipment for both the company and its Material Subsidiary, SOSL.
5. Catering to general corporate requirements.

About Of Stanley Lifestyles

Stanley Lifestyles Limited, established in 2007, specialises in crafting and marketing super-premium, luxury, and ultra-luxury furniture under its brand “Stanley.” The company’s product portfolio encompasses the following categories:

1. Seating: Crafting and retailing a diverse array of seating furniture, including sofas, sofa beds, recliners, dining chairs, pouffes, bar stools, and cushions.
2. Cased Goods: Manufacturing solid-cased furniture predominantly constructed from wood, comprising coffee tables, dining tables, end tables, and consoles.

• Kitchens and Cabinets: Offering an extensive selection of kitchen and cabinetry solutions, available in various materials, finishes, and designs. This category includes kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables.
• Mattresses and Beds: Designing, producing, and marketing a comprehensive range of bed frames, mattresses, pillows, and related accessories.

Stanley Lifestyles Limited Financial Information

Stanley Lifestyles IPO Timeline

Conclusion

Stanley Lifestyles Limited, founded in 2007, is renowned for its exceptional craftsmanship and exquisite designs in the super-premium, luxury, and ultra-luxury furniture segment.

Under the distinguished brand “Stanley,” the company offers a diverse range of furniture across categories such as seating, cased goods, kitchens and cabinets, and mattresses and beds. With a commitment to quality and innovation, Stanley Lifestyles continues to set the standard for sophistication and elegance in the furniture industry.