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 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 Date | June 21, 2024 to June 25, 2024 |
| Listing Date | June 28, 2024 |
| Price | ₹351 to ₹369 per share |
| Lot Size | 40 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.
| Event | Date |
|---|---|
| IPO Opening | June 21, 2024 |
| IPO Closing | June 25, 2024 |
| IPO Allotment Date | June 26, 2024 |
| Refund Initiation | June 27, 2024 |
| Shares Credit to Demat | June 27, 2024 |
| Lisiting Date | June 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).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 40 | ₹14,760 |
| Retail(Maximum) | 13 | 520 | ₹191,880 |
| S-HNI (Minimum) | 14 | 560 | ₹206,640 |
| B-HNI (Minimum) | 68 | 2,720 | ₹1,003,680 |
Stanley Lifestyles IPO Promoter Holding
| Pre Issue Share Holding | 67.36% |
| 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 foundStanley 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 2 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