Stanley Lifestyles IPO price band fixed at ₹351–369 per share, issue opens on June 21: Check subscription, lot size and other details

Furniture manufacturer Stanley Lifestyles Limited is all set to launch its Initial Public Offering (IPO) on Friday, June 21. Stanley Lifestyles Ltd IPO price band has been fixed at ₹351–369 per share.

The subscription window for the public issue will remain open from June 21 to June 25.

Here are the key details about the mainboard public issue if you are looking forward to participate in the bidding process.

About Stanley Lifestyles Limited

Stanley Lifestyles Limited is a manufacturer of super-premium, luxury and ultra-luxury furniture. The company’s product portfolio is categorised into the various segments like seating, cased goods, kitchens and cabinets, mattresses and beds and automotive.

The company’s manufacturing facility is located in Bengaluru, Karnataka. The company has 778 employees as of December 31, 2023.

Stanley Lifestyles IPO lot size and minimum investment

Retail investors can apply at least 1 lot comprising 40 shares, which translates to a minimum investment amount of ₹14,760. The minimum lot size for Small Non-Institutional Investors (S-NIIs) is 14 lots or 560 shares, aggregating to an investment of ₹2,06,640 and for big Non-Institutional Investors the minimum application size is 68 lots or 2,720 shares, amounting to ₹10,03,680.

Stanley Lifestyles IPO offer size

Stanley Lifestyles IPO is a book-built issue consisting of a fresh issue of shares to raise ₹200 crore along with an offer-for-sale of 91 lakh shares. The public issue is valued at ₹537 crore at the upper price band.

The luxury furniture manufacturer has reserved 50% of the net issue for Qualified Institutional Buyers (QIBs), 35% of the net issue for retail investors and 15% for Non-Institutional Investors (NIIs).

Stanley Lifestyles IPO subscription, allotment status and listing date

The bidding window for Stanley Lifestyles IPO will open on Friday, June 21 and close on Tuesday, June 25. The share allotment status of Stanley IPO will be finalised by Wednesday, June 26. Investors who have bid successfully will receive the shares in their demat accounts on Thursday, June 27 and refunds will be initiated for unsuccessful bidders the same day. The tentative listing date of Stanley Lifestyles shares is Friday, June 28. Shares Stanley Lifestyles will list on the NSE and BSE.

Stanley Lifestyles Limited IPO financials

Stanley IPO’s revenue for the period ended December 31, 2023, stood at ₹322.29 crore the company earned a Profit After Tax (PAT) of ₹18.7 crore. In the same period, the company’s net worth was ₹237.21 crore.

In FY23 the furniture manufacturer’s revenue grew 43% YoY to ₹425.62 crore compared to ₹297.76 crore in the preceding fiscal year. The company’s PAT for FY23 increased nearly 51% to ₹34.98 crore compared to ₹23.22 crore in FY22. The net worth of the furniture maker in the period ended March 31, 2023, grew over 8% to ₹216.5 crore against ₹199.76 crore.

Stanley Lifestyles Limited IPO registrar

The registrar for Stanley IPO is Kfin Technologies Limited. The book running lead managers for Stanley Lifestyles Limited IPO are Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited.

Stanley Lifestyles Limited promoters

The promoters of the company are Sunil Suresh and Shubha Sunil, they jointly hold 67.36% stake in the company ahead of the issue.

Stanley Lifestyles Limited IPO objective

The company will use the proceeds of the public issue for funding its projects such as the opening of new stores under the formats of Stanley Level Next, Stanley Boutique, and Sofas and More by Stanley. The proceeds will also be used for opening anchor stores and for renovating existing stores. The money raised via the public issue will also be used for fulfilling capital expenditure requirements such as the purchase of new machinery and equipment.

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