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stanley lifestyles ipo

Stanley Lifestyles IPO

  • Status: Closed
  • RHP:
  • ₹ 14,040 / 40 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    28 Jun 2024

  • Listing Price

    ₹499.00

  • Listing Change

    35.23%

  • Last Traded Price

    ₹476.05

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

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Stanley Lifestyles IPO Subscription Status

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

Profit and Loss

Balance Sheet

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.