Stanley Lifestyles IPO: Company Overview, IPO GMP, Timelines & Price

June 18, 2024 Trading 4 min read
Stanley Lifestyles IPO GMP

Stanley Lifestyles IPO: An Overview and Company Insight

Stanley Lifestyles Limited, established in 2007, is a prominent player in the luxury furniture market in India. The company specializes in designing and manufacturing high-end furniture under the brand “Stanley.” With a comprehensive range of products including seating, cased goods, kitchens, cabinets, mattresses, beds, and automotive furnishings, Stanley Lifestyles caters to affluent households and businesses looking for premium quality and design.

Operating 38 company-owned stores and 24 franchise-owned stores across major Indian cities, Stanley Lifestyles has a significant retail footprint. The company’s manufacturing facility in Bengaluru spans approximately 15,000 square feet, employing 778 individuals. As the market for organized retail grows, Stanley Lifestyles is poised to capitalize on the increasing demand for luxury furniture.

Stanley Lifestyles IPO Grey Market Premium

The Grey Market Premium (GMP) is a crucial indicator for investors considering an IPO. For Stanley Lifestyles IPO, the GMP has been actively discussed, providing insights into the market sentiment.

Grey Market Premium Insights – Stanley Lifestyles IPO

The Stanley Lifestyles IPO GMP reflects the expected price the shares may fetch over the IPO price once they get listed. As of the latest reports, the Stanley Lifestyles IPO GMP is showing positive signs, indicating robust investor interest and potential listing gains.

The Grey Market Premium (GMP) for Stanley Lifestyles IPO has shown significant changes over recent days. Here’s a detailed look:

Grey Market Premium Table

Date Stanley Lifestyles  IPO GMP (₹)
18 June 120
17 June 110
14 June 55
13 June

Financial Information of Stanley Lifestyles Limited (Restated Consolidated)

Here’s a detailed financial overview of Stanley Lifestyles Limited, highlighting the company’s growth and financial stability over recent years.

Financial Table

Period Ended 31 Dec 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets (₹ Cr) 581.54 458.19 422.15 346.52
Revenue (₹ Cr) 322.29 425.62 297.76 201.71
Profit After Tax (₹ Cr) 18.70 34.98 23.22 1.92
Net Worth (₹ Cr) 237.21 216.50 199.76 182.93
Reserves and Surplus (₹ Cr) 225.83 207.88 191.31 174.96
Total Borrowing (₹ Cr) 30.90 9.37 6.09 0.25

Financial Highlights

  • Revenue Growth: The company’s revenue increased by 42.94% between FY 2022 and FY 2023.
  • Profit Growth: Profit after tax (PAT) rose significantly by 50.64% during the same period.
  • Asset Increase: Total assets have seen a steady increase, reaching ₹581.54 crore by December 2023.
  • Borrowing: Total borrowing has increased to ₹30.90 crore as of December 2023, reflecting strategic financial leverage for expansion.

Stanley Lifestyles Limited has demonstrated robust financial growth and stability, making its IPO a noteworthy opportunity for investors.

Pricing Details and Lot Size – Stanley Lifestyles IPO

The IPO price band for Stanley Lifestyles has been set at ₹351 to ₹369 per share, with a face value of ₹2 per share. Investors can apply in lots, with the minimum lot size being 40 shares.

Pricing and Lot Size

Category Lot Size Number of Shares Amount (₹)
Retail (Min) 1 40 14,760
Retail (Max) 13 520 1,91,880
S-HNI (Min) 14 560 2,06,640
S-HNI (Max) 67 2,680 9,88,920
B-HNI (Min) 68 2,720 10,03,680

IPO Timelines at a Glance – Stanley Lifestyles IPO

The timeline for the Stanley Lifestyles IPO is as follows:

Event Date
IPO Opening Date June 21, 2024
IPO Closing Date June 25, 2024
Allotment Finalization June 26, 2024
Refund Initiation June 27, 2024
Shares Credit to Demat June 27, 2024
IPO Listing Date June 28, 2024

Book-running Lead Managers and Registrar – Stanley Lifestyles IPO

The IPO is being managed by prominent lead managers:

  • Axis Capital Limited
  • ICICI Securities Limited
  • JM Financial Limited
  • SBI Capital Markets Limited

The registrar for the IPO is KFIN Technologies Limited, responsible for the allotment and refund process.

Offer for Sale and IPO Size Breakdown – Stanley Lifestyles IPO

The IPO comprises a fresh issue and an offer for sale (OFS). The fresh issue of 54.20 lakh shares at the upper price band of ₹369 per share will raise ₹200 crore. The OFS component includes 91.33 lakh shares, aggregating to ₹337.02 crore. The total issue size is approximately ₹537.02 crore.

Utilisation of Fresh Issuance and Technological Advancements – Stanley Lifestyles IPO

The proceeds from the fresh issue will be used for:

  • Opening new stores under “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley.”
  • Renovating existing stores.
  • Funding capital expenditure for new machinery and equipment.
  • General corporate purposes.

These investments aim to expand Stanley Lifestyles’ retail presence and enhance its production capabilities.

Conclusion

The Stanley Lifestyles IPO offers a compelling opportunity for investors looking to invest in a leading luxury furniture brand with a robust growth trajectory. With a strong market presence, innovative product offerings, and strategic expansion plans, Stanley Lifestyles is well-positioned to leverage the growing demand for luxury home furnishings in India. As always, potential investors should consider the IPO’s risks and consult with financial advisors before making investment decisions.

For more details and to participate in the IPO, open a Demat account with TradeSmart. Happy investing!

Frequently Asked Questions – Stanley Lifestyles IPO

What is the Stanley Lifestyles IPO price band?

The IPO price band is set between ₹351 to ₹369 per share.

When will the Stanley Lifestyles IPO open and close for subscription?

The IPO will open on June 21, 2024, and close on June 25, 2024.

What is the minimum investment amount for retail investors in the IPO?

The minimum investment amount is ₹14,760 for one lot of 40 shares.

 How will the proceeds from the IPO be used?

The proceeds will be used for opening new stores, renovating existing ones, funding capital expenditure, and general corporate purposes.

Who are the lead managers for the IPO?

The lead managers are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited.

When will the shares be credited to my demat account?

Shares will be credited on June 27, 2024.

On which stock exchanges will Stanley Lifestyles be listed?

The shares will be listed on both the NSE and BSE.


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