Stanley Lifestyles Limited
IPO Details
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Company Fin.
₹173(46.88%)
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Having completed its public offering, Stanley Lifestyles Limited's is now listed and trading on the NSE, BSE exchange as of Jun 28, 2024. The IPO raised cumulative capital of 1,45,53,508 Shares, including 54,20,054 Shares in primary capital infusion and ₹337.02 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹351 to ₹369 and minimum investment requirement of 40 shares. subscription activity between Jun 21, 2024 and Jun 25, 2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Jun 26, 2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Stanley Lifestyles Limited, established in 2007, is a leading designer and manufacturer of super-premium, luxury, and ultra-luxury furniture under the brand "Stanley." The company offers a diverse range of products, including sofas, recliners, dining sets, coffee tables, wardrobes, beds, and mattresses, along with customized leather seat covers for cars and luxury accessories. With a strong retail presence, Stanley Lifestyles operates 38 company-owned stores in major metros like Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, along with 24 franchisee stores across 21 cities in 11 states and Union Territories. Its Bengaluru-based product development facility spans 15,000 square feet, employing 778 skilled professionals as of December 31, 2023, to ensure top-notch craftsmanship and innovation in every piece.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading & Fast-Growing Brand: Stanley Lifestyles dominates the luxury and super-premium furniture market, showcasing strong growth and an expanding customer base.
- Wide Product Selection: The company offers a diverse range of home furniture across different categories and price points, catering to various customer preferences.
- Strong Nationwide Presence: With strategically placed stores in major metro cities and a network of franchise-operated outlets, Stanley Lifestyles ensures broad accessibility across India.
- Trademark Uncertainty: The "Stanley" brand name is owned by promoter Sunil Suresh, not the company. Delays in transferring rights or issues with the co-existence agreement could impact the business.
- Revenue Dependence on Key Products: The company’s financial health relies heavily on sofa and recliner sales. Changes in demand or consumer preferences could affect performance.
- No Industry Benchmarks: Without listed competitors, it’s difficult to compare Stanley Lifestyles’ financial performance, making strategic planning more challenging.
- Sunil Suresh
- Shubha Sunil
Stanley Lifestyles Limited
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