Stanley Lifestyles Limited IPO
- IPO Date21 Jun, 2024 to 25 Jun, 2024
- Listing Date28 Jun, 2024
- Face Value₹2 per share
- Issue Price₹351 to ₹369 per share
- Lot Size40 Shares
- Minimum Investment₹14,760
- Listing AtBSE, NSE
- Total Issue Size1,45,53,508 Shares
(aggregating up to ₹537.02 Cr) - Fresh Issue54,20,054 Shares
(aggregating up to ₹200.00 Cr)
- Offer for Sale91,33,454 Shares
(aggregating up to ₹337.02 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue5,15,97,168
- Shareholding post issue5,70,17,222
IPO Dates
Closing Date
25 Jun, 2024
Initiation of Refunds
27 Jun, 2024
Listing Date
28 Jun, 2024
21 Jun, 2024
Opening Date
26 Jun, 2024
Basis of Allotment
27 Jun, 2024
Credit of Shares
Stanley Lifestyles Limited 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 |
|---|---|---|---|
| S-HNI (Max) | 67 | 2680 | ₹9,88,920 |
| Retail (Min) | 1 | 40 | ₹14,760 |
| B-HNI (Min) | 68 | 2720 | ₹10,03,680 |
| S-HNI (Min) | 14 | 560 | ₹2,06,640 |
| Retail (Max) | 13 | 520 | ₹1,91,880 |
Stanley Lifestyles Limited Promoter Holding
Sunil Suresh and Shubha Sunil are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 67.36% | - |
Stanley Lifestyles Limited COMPANY INFORMATION
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 opens for subscription on June 21, 2024 and closes on June 25, 2024. The allotment for the Stanley Lifestyles IPO is expected to be finalized on Wednesday, June 26, 2024. Stanley Lifestyles IPO will list on BSE, NSE with tentative listing date fixed as Friday, 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.
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:
- Seating: This includes the design, production and sale of seating furniture such as sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
- Cased goods: These products have a solid casing, usually made of wood; they include coffee tables, dining tables, end tables, and consoles.
- 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.
- Mattresses and beds: This includes the design, manufacture, and sale of a range of bed frames, mattresses, pillows and accessories.
- 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.
FAQs About Stanley Lifestyles Limited Ipo
Stanley Lifestyles Limited IPO will open on 21 Jun, 2024 and close on 25 Jun, 2024. Investors must apply within this period to participate.
The Stanley Lifestyles Limited IPO price band is set between ₹351.00 and ₹369.00 per share. The minimum lot size is 40, requiring an investment of at least ₹14760.00.
The Stanley Lifestyles Limited IPO shares are expected to be listed on 28 Jun, 2024, subject to regulatory approvals and final allotment.
You can track your Stanley Lifestyles Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Stanley Lifestyles Limited IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.