Stanley Lifestyles IPO

NiftyTrader • June 18, 2024

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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

IPO Date	June 21, 2024 to June 25, 2024
Listing Date	Friday, 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
Shareholding pre issue	51,597,168
Shareholding post issue	57,017,222

Stanley Lifestyles IPO Lot Size

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

Stanley Lifestyles IPO Objectives

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

Funding the establishment of new stores, including “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley” formats.
Allocating resources for the setup of anchor stores.
Financing the renovation of current stores under the “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley” formats.
Meeting capital expenditure needs for acquiring new machinery and equipment for both the company and its Material Subsidiary, SOSL.
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:

Seating: Crafting and retailing a diverse array of seating furniture, including sofas, sofa beds, recliners, dining chairs, pouffes, bar stools, and cushions.
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

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

Stanley Lifestyles IPO Timeline

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

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.