Stanley Lifestyles IPO Review

 
Stanley Lifestyles IPO Review

IPO Open Date: June 21, 2024

IPO Close Date: June 25, 2024

IPO Price: ₹351 to ₹369 per share

Lot Size: 40 Shares

Listing: June 28, 2024

Stanley Lifestyles is scheduled to hit the market on June 21, 2024 and close on June 25, 2024. Stanley Lifestyles plans to raise around ₹537.02 Cr through an IPO with a sale of up to 14,553,508 equity shares of ₹2 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.

Stanley Lifestyles Limited, established in 2007, specializes in crafting high-end furniture under the brand “Stanley”. Their product range encompasses various categories such as seating, cased goods, kitchens and cabinets, mattresses and beds, as well as automotive and other customizable items like shoes and leather seat covers for cars. While the company manufactures most of its products, it also imports and sells additional items like lighting fixtures and switches under private labels. Moreover, they offer locally sourced carpets under the same private labels.

The company operates a network of stores across major Indian cities like Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad. They have 38 company-owned and operated stores along with 24 franchisee-owned outlets in 21 cities spanning 11 states and Union Territories in India. With a dedicated product development department located in Bengaluru, Karnataka, and a workforce of 778 employees as of December 31, 2023, Stanley Lifestyles Limited continues to uphold its reputation for creating luxury and ultra-luxury furniture pieces for discerning customers.

Stanley Lifestyles



Stanley Lifestyles IPO Details

Stanley Lifestyles IPO opens on June 21, 2024, and closes on June 25, 2024. The Listing date for Stanley Lifestyles IPO is on June 28, 2024. The price band for IPO is ₹351 to ₹369 per share and lot size of 40 Shares.

IPO DateJune 21, 2024 to June 25, 2024
Listing DateJune 28, 2024
Price₹351 to ₹369 per share
Lot Size40 Shares
Issue Size₹537.02 Cr
Face Value₹2 per share

Stanley Lifestyles IPO Tentative Timetable

Stanley Lifestyles opening date is June 21, 2024 and close date is June 25, 2024. The IPO allotment date is June 26, 2024. The refund initiation of IPO is on June 27, 2024. The credit of shares in demat account is on June 27, 2024. The listing date is on June 28, 2024.

EventDate
IPO OpeningJune 21, 2024
IPO ClosingJune 25, 2024
IPO Allotment DateJune 26, 2024
Refund InitiationJune 27, 2024
Shares Credit to DematJune 27, 2024
Lisiting DateJune 28, 2024

Stanley Lifestyles IPO Lot Size

Lot Size of this IPO is 40 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹191,880).

CategoryLotsSharesAmount
Retail(Minimum)140₹14,760
Retail(Maximum)13520₹191,880
S-HNI (Minimum)14560₹206,640
B-HNI (Minimum)682,720₹1,003,680

Stanley Lifestyles IPO Promoter Holding

Pre Issue Share Holding67.36%
Post Issue Share Holding

Stanley Lifestyles IPO Review

SLL has shown consistent growth in its financial performance post-FY21, recovering from setbacks during that period. For the fiscal year ending March 31, 2023, the company reported a total income of Rs. 425.62 crore and a net profit of Rs. 34.98 crore, up from Rs. 297.76 crore and Rs. 23.22 crore, respectively, in FY22. The nine months ending December 31, 2023, saw a total income of Rs. 322.29 crore and a net profit of Rs. 18.70 crore. Despite these positive trends, the company’s earnings are marked by a high P/E ratio, indicating that the IPO is aggressively priced. The company’s average EPS for the last three fiscals is Rs. 4.60, with an average return on net worth (RoNW) of 11.25%. The IPO is priced at a P/BV of 8.03 based on its NAV of Rs. 45.97 as of December 31, 2023, which adjusts to 4.81 post-IPO.

SLL’s IPO aims to raise Rs. 537.02 crore through the issuance of 14,553,494 shares, including a fresh equity issue worth Rs. 200 crore and an Offer for Sale (OFS) of Rs. 337.02 crore. The price band is set between Rs. 351 and Rs. 369 per share. The proceeds will be utilized for investments in subsidiaries, capital expenditure on machinery and equipment, and general corporate purposes. Post-IPO, the company’s paid-up equity capital will increase to Rs. 11.40 crore, targeting a market capitalization of Rs. 2,103.94 crore at the upper price band. Despite the aggressive pricing, SLL’s strong market position in the luxury furniture segment, coupled with its robust financial recovery and strategic expansion plans, makes it a potentially attractive investment for well-informed, cash-surplus investors looking for long-term growth.

Stanley Lifestyles Ltd. stands out as a leading player in the premium and luxury furniture market in India. The company has demonstrated steady growth in its financials post-FY21, showing resilience and an upward trajectory in both revenue and profitability. However, the IPO's aggressive pricing based on FY24 annualized earnings requires careful consideration. While the company's strong brand presence, strategic market positioning, and significant scale in the luxury segment are positive indicators, the high valuation suggests that the IPO might be better suited for investors with a long-term perspective who have a higher risk appetite. Well-informed and cash-surplus investors might find it worthwhile to park moderate funds in SLL’s IPO, banking on the company’s potential for sustained growth in the luxury furniture market.

Stanley Lifestyles IPO Subscription Status (Bidding Details)

Table not found

Stanley Lifestyles IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Stanley Lifestyles IPO FAQs

What is Stanley Lifestyles IPO?

Stanley Lifestyles is issuing 14,553,508 equity shares with a face value of each, totaling up to ₹537.02 Cr. The shares are being offered at a price of ₹351 to ₹369 each, with a minimum order quantity of 40 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Stanley Lifestyles IPO will open?

Stanley Lifestyles will open on June 21, 2024 for QIB, NII, and Retail Investors.

When Stanley Lifestyles IPO will end?

Stanley Lifestyles will end on June 24, 2024.

What is Stanley Lifestyles IPO Size?

Stanley Lifestyles IPO size is 537.02 Cr.

What is Stanley Lifestyles IPO Price Band?

Stanley Lifestyles price band is ₹351 to ₹369 per share.

What is the Stanley Lifestyles IPO Allotment Date?

Stanley Lifestyles allotment date is June 26, 2024.

What is the Stanley Lifestyles IPO Listing Date?

Stanley Lifestyles listing date is June 28, 2024. The IPO is to be listed on BSE and NSE.

How to Stanley Lifestyles IPO through Zerodha?

To apply for the IPO “Stanley Lifestyles” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Stanley Lifestyles IPO through Upstox?

To apply for the IPO “Stanley Lifestyles” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Stanley Lifestyles IPO Allotment Status?

For Stanley Lifestyles IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Stanley Lifestyles IPO GMP?

You can check out here: Stanley Lifestyles IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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