About Stanley Lifestyles LimitedIncorporated in 2007, Stanley Lifestyles Limited is the fourth largest player in the home furniture segment in India. Under the “Stanley” brand, it offers furniture in the super-premium, luxury and ultra-luxury segment. It designs, manufactures and retails its products through a network of ‘company-owned and company-operated’ (COCO) and ‘franchisee-owned and franchise-operated’ (FOFO) stores. As of 31 December 2023, it operates 38 COCO stores in the metro cities of Bengaluru, Chennai, New Delhi, Mumbai and Hyderabad and 24 FOFO stores in 21 cities across 11 States and Union Territories in India. The company’s integrated model of in-house manufacturing and product sales through its own network of retail stores allows it to have complete control over its operations. Stanley Lifestyles has developed long-standing relationships with its vendors, allowing it to source quality raw materials such as leather and Forest Stewardship Council (FSC) certified timber. In fact, as of FY23, it is one of the largest importers of leather in India for furniture manufacturing purposes. Between FY21 and FY23, it saw a CAGR rise of 28% in its revenue from operations and 163% in its profit. Moreover, the Indian home and furniture market is expected to grow at a rate of 27% to reach $49 billion by FY27, which could benefit the company. Besides this, the increase in national GDP and the growth witnessed by the Indian economy in the last decade has created a new upper middle class with demands for luxury and premium housing. This increasing demand for housing, interior design services, furnished options, renovations, and evolving housing trends all contribute to the expansion of the furniture market, which caters to the furnishing needs of properties in the real estate sector. And now, Stanley Lifestyles Limited is coming out with its initial public offer (IPO). The total IPO issue size is ₹537.02 crore, comprising fresh issue, aggregating to ₹200 crore, as well as an offer for sale, aggregating to ₹337.02 crore. The money raised from the fresh issue will be utilised to invest in its subsidiaries for renovating existing stores and opening new ones, to purchase equipment and for general corporate purposes. Its shares will be listed on the NSE and BSE. Here are key details about the Stanley Lifestyles IPO:
Financial snapshot
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Here’s a quick look at Stanley Lifestyles Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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Stanley Lifestyles Limited IPO details|Stanley Lifestyles Limited IPO dateAccording to the offer document filed by the company with the SEBI, the Stanley Lifestyles IPO’s opening date – in other words, the Stanley Lifestyles IPO launch date – will be 21st June 2024. The Stanley Lifestyles IPO closing date is 25th June 2024. After this, investors will be updated about the allotment status on 26th June 2024. Investors, who have been allotted shares, can expect them to be credited to their demat account on 27th June 2024. The Stanley Lifestyles IPO listing date is 28th June 2024. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. |Stanley Lifestyles Limited IPO Price BandThe IPO is a fresh issue as well as an offer for sale. The Stanley Lifestyles IPO price band has been set between ₹351 and ₹369 per share. Interested investors can choose a price within this band to apply for the IPO. The Stanley Lifestyles IPO listing price will be determined on 28th June 2024. The listing price is the price at which a company’s shares debut on the stock exchanges. |Stanley Lifestyles Limited IPO Lot size The Stanley Lifestyles IPO details have been declared. The Stanley Lifestyles IPO lot size is set at 40 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the Stanley Lifestyles IPO issue size is approx ₹537 crore. |
How to pre-apply for the Stanley Lifestyles Limited IPO?You can pre-apply for the Stanley Lifestyles Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. Follow these steps to pre-apply for the IPO:
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How to apply for the Stanley Lifestyles Limited IPO?If you are interested in this investment opportunity but unsure how to apply for the Stanley Lifestyles Limited IPO, here we are listing out the steps for you. When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Stanley Lifestyles Limited IPO on Upstox:
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How to check the Stanley Lifestyles Limited IPO allotment status?When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. Here’s a step-by-step guide on how to check the Stanley Lifestyles Limited IPO allotment status:
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Open a demat account with Upstox to apply for the Stanley Lifestyles Limited IPOTo apply for the Stanley Lifestyles Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app. Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the Stanley Lifestyles Limited IPOApplying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. You can apply for the Stanley Lifestyles Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy. |
Pre-applying for the Stanley Lifestyles IPO means applying for this public issue before it goes live. Click here to pre-apply for the Stanley Lifestyles IPO on Upstox.
You can pre-apply for the Stanley Lifestyles IPO from 19 June 2024. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
You can apply on Upstox’s website and app, once the Stanley Lifestyles IPO opens for the subscription.
The Stanley Lifestyles IPO launch date is 21st June 2024. The Stanley Lifestyles IPO will be open for subscription till 25th June 2024.
The Stanley Lifestyles lot size is 40 shares and the minimum investment required is ₹14,040.
The Stanley Lifestyles IPO price band is ₹351 – ₹369 per share.
The size of the Stanley Lifestyles IPO is approx. ₹537 crore.
You can place up to three bids for an application.
No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 27th June 2024.
Stanley Lifestyles shares will be on NSE and BSE.
Stanley Lifestyles shares’ listing date is 28th June 2024.