Stanley Lifestyles IPO allotment today, here’s how to check it online

Stanley Lifestyles IPO Allotment: Stanley Lifestyles IPO saw strong demand on the final day of bidding. The public issue was subscribed nearly 97 times at the end of the bidding process on June 25. The allotment status of Stanley Lifestyles IPO (Stanley Lifestyles Limited) will be finalised on Wednesday, June 26.

The mainboard issue was booked 96.98 times as investors placed bids for 99.32 crore shares compared to 1.02 crore shares on offer for bidding from June 21 to June 25.

Investors who participated in Stanley Lifestyles IPO can check their allotment status online on the registrar's portal—Kfin Technologies Pvt Ltd—and the NSE website.

Steps to check Stanley Lifestyles IPO share allotment status on the registrar website:

• Go to the registrar’s portal (Kfin Technologies official site) using this link https://www.kfintech.com/
• Choose the 'IPO Allotment Status' tab by clicking on it
• Pick any one of the 5 server links displayed on the screen by clicking on it. Now you will be redirected to a new webpage, head to the 'IPO Allotment Status' section
• Choose “Stanley Lifestyles'' from the dropdown menu
• Enter details of any one of these- Application Number/Demat Account/PAN
• Enter the captcha and submit
• Your share allotment status for Stanley Lifestyles IPO will be displayed on screen.

Steps to check Stanley Lifestyles IPO share allotment status on the NSE website

• Visit the NSE IPO allotment status page through this link https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Type in your username and password (It is compulsory to register on the NSE website, after registration the username and password will be sent to you via mail)
• Select ‘Stanley Lifestyles’ from the list of IPOs
• Verify your PAN number
• Input your IPO application number
• Click "Submit"
• The share allotment status of Stanley Lifestyles IPO will be displayed on your screen.

Stanley Lifestyles IPO subscription and other details

Qualified Institutional Buyers (QIBs) placed bids for over 62.7 crore shares compared to 28.2 lakh shares set aside for the category, leading to a subscription of 222.1 times. Non-institutional investors placed bids for 26.5 crore shares against 22.2 lakh shares set aside for the segment. The issue was subscribed 119.52 times in the NII category. The retail category of the mainboard issue was bid 19.21 times as investors placed bids for 9.97 crore shares compared to the 51.9 lakg shares reserved for the category.

Stanley Lifestyles IPO was a book-built issue of ₹537.02 crore and consists of a fresh issue of 54 lakh shares amounting to ₹200 crore along with an offer for sale of 91 lakh shares aggregating to ₹337.02 crore. The tentative listing date for the mainboard public issue is on Friday, June 28.

Stanley Lifestyles Limited was founded in 2007 and designs and manufactures super-premium, luxury, and ultra-luxury furniture. The company currently has a product development department that is 15,000 square feet in Bengaluru, Karnataka.

The furniture maker plans to use the money raised via the public issue for opening new stores, renovating existing stores and funding capital expenditure requirements for the acquisition of new machinery and equipment.

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