Stanley Lifestyles IPO
IPO Listing Details
- Listing Date
28 Jun 2024
- Listing Price
₹499.00
- Listing Change
35.23%
- Last Traded Price
₹422.30
IPO Details
- Open Date
21 Jun 2024
- Close Date
25 Jun 2024
- IPO
Price Range
₹ 351 to ₹369
- IPO
Size
₹ 537.02 Cr
- Listing Exchange
BSE, NSE
- Listing Date
28 Jun 2024
IPO Timeline
Stanley Lifestyles IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 21-Jun-24 | 0.29 | 2.12 | 2.12 | 1.59 |
| 24-Jun-24 | 0.71 | 9.07 | 6.33 | 5.31 |
| 25-Jun-24 | 215.62 | 121.20 | 18.76 | 96.96 |
Last Updated: 05 July 2024 10:29 AM by 5Paisa
Last Updated: 25th June 2024, 17:58 PM by 5paisa
Stanley Lifestyles IPO is set to open from 21st June to 25th June 2024. The company operates as a super-premium and luxury furniture brand. The IPO includes a fresh issue of 5,420,054 shares worth ₹200 cr and an Offer-for-Sale (OFS) of 9,133,454 shares worth ₹337.02 cr. The total IPO size is ₹ ₹537.02 cr. The share allotment date is 26th June 2024, and the IPO will be listed on 28th June 2024 on the stock exchanges. The price band is set at ₹351 to ₹369 and the lot size is 40 shares.
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers for this IPO, while KFin Technologies Limited is the registrar.
Objectives of Stanley Lifestyles IPO
● To fund the expenditure for opening new stores under Stanley Level Next, Stanley Boutique, and Sofas & More by Stanley.
● To fund the expenditure for opening anchor stores.
● To fund the expenditure for the renovation of existing stores.
● To fund the capital expenditure requirements to buy new machinery and equipment by the company and its Material Subsidiary, SOSL.
● For general corporate purposes.
Stanley Lifestyles IPO Video
Stanley Lifestyles IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO size | 537.02 |
| Offer for sale | 337.02 |
| Fresh issue | 200.00 |
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 | 2680 | ₹988,920 |
| B-HNI (Min) | 68 | 2720 | ₹1,003,680 |
Stanley Lifestyles IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 215.62 | 29,10,702 | 62,75,98,200 | 23,158.37 |
| NII (HNI) | 121.20 | 21,83,026 | 26,45,87,400 | 9,763.28 |
| Retail | 18.76 | 50,93,728 | 9,55,51,520 | 3,525.85 |
| Total | 96.96 | 1,01,87,456 | 98,77,37,120 | 36,447.50 |
Stanley Lifestyles IPO Anchor Allocation
| Anchor Bid Date | 20 June, 2024 |
| Total no. of shares offered | 4,366,051 |
| Portion Size for Anchor Investors | 161.11 Cr. |
| Lock in Period for 50% shares (30 days) | 26 July, 2024 |
| Lock in Period for rest of shares (90 days) | 24 September, 2024 |
Established in 2007, Stanley Lifestyles Limited operates as a super-premium and luxury furniture brand. The company ranks fourth in terms of revenue for the home furniture segment as of FY2023. It offers furniture for super-premium, luxury and ultra-luxury segments, through various brands. “Stanley” is its flagship brand.
It is engaged in the business of designing, manufacturing and retailing products through 38 ‘company owned and company operated’ COCO and 24 ‘franchisee-owned and franchisee-operated’ FOFO stores as of December 2023.
Peer Comparison
No listed peers.
For More Information:
Webstory on Stanley Lifestyles IPO
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 418.99 | 292.20 | 195.78 |
| EBITDA | 82.71 | 59.00 | 29.77 |
| PAT | 34.97 | 23.21 | 1.92 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 458.18 | 422.14 | 346.51 |
| Share Capital | 7.37 | 7.37 | 7.37 |
| Total Borrowings | 234.38 | 216.54 | 158.92 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 67.97 | 28.52 | 32.98 |
| Net cash from / (used in) investing activities | -27.39 | -11.62 | -3.16 |
| Net cash flow from / (used in) financing activities | -41.17 | -18.76 | -23.87 |
| Net increase (decrease) in cash and cash equivalents | -0.58 | -1.86 | 5.93 |
Strengths
1. It is the largest and fastest-growing brand in the luxury/super-premium furniture segment in India.
2. It offers comprehensive home solutions providers with offerings across categories and price points
3. The company has a Pan-India presence with strategically located stores
4. It has a strong focus on design-led product innovation.
5. It is a vertically integrated manufacturer with skilled craftsmanship capabilities.
6. It has an efficient business model with a track record of delivering financial growth
7. Experienced management team.
Risks
1. The company is dependent on revenue from stores based in southern regions of India.
2. A major part of revenue comes from the sale of sofas and recliners.
3. It is subject to risks associated with expansion into new geographic regions.
4. It has reported negative cash flows in the past.
5. High working capital requirements.
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FAQs
Stanley Lifestyles IPO opens from 21st June to 25th June 2024.
The size OF Stanley Lifestyles IPO is ₹537.02 cr.
To apply for Stanley Lifestyles IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for Stanley Lifestyles IPO.
● 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.
The price band of Stanley Lifestyles IPO is set at ₹351 to ₹369 per share.
The minimum lot size of Stanley Lifestyles IPO is 40 shares and the minimum investment required to apply for the IPO is ₹14,040.
The share allotment date of Stanley Lifestyles IPO is 26th June 2024.
The Stanley Lifestyles IPO will be listed on 28th June 2024.
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running lead managers for Stanley Lifestyles IPO.
Stanley Lifestyles will use the proceedings from the public issue for:
● To fund the expenditure for opening new stores under Stanley Level Next, Stanley Boutique, and Sofas & More by Stanley.
● To fund the expenditure for opening anchor stores.
● To fund the expenditure for the renovation of existing stores.
● To fund the capital expenditure requirements to buy new machinery and equipment by the company and its Material Subsidiary, SOSL.
● For general corporate purposes.
Contact Information
Stanley Lifestyles
Stanley Lifestyles Limited
SY No. 16/2 and 16/3 Part,
Hosur Road, Veerasandra Village, Attibele Hobli,
Anekal Taluk, Bengaluru - 560 100
Phone: + 91 80 6895 7200
Email: investors@stanleylifestyles.com
Website: https://www.lovestanley.com/
Stanley Lifestyles IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sll.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Stanley Lifestyles IPO Lead Manager
ICICI Securities Limited
SBI Capital Markets Limited
Axis Capital Limited
JM Financial Limited
