Stanley Lifestyles Ltd

Miscellaneous

Offer Period :

21st to 6th Jun 2024

Stanley Lifestyles, established in 2011, operates two manufacturing units in Bengaluru and a nationwide network of 55 stores. Specializing in furniture production and retail, Read more...it offers a diverse range of products from sofas to kitchen cabinets. With steady financial growth, Stanley recorded a significant surge in revenue and net profit in fiscal year 2023.Read less

Stanley Lifestyles Ltd IPO Details

IPO Date 21st to 6th Jun 2024 Minimum Investment ₹14760 / 1 Lots
Listing Date 2024-06-28 Maximum Investment ₹191880 / 13 Lots
Face Value ₹2 per share Total Issue Size ₹537.02 Crores
Price ₹369 to ₹369 per share Fresh Issue ₹200 Crores
Lot Size 1 Lots (40 Shares) Offer For Sale ₹ 337.02
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 21st to 6th Jun 2024
Listing Date 2024-06-28
Face Value ₹2 per share
Price ₹369 to ₹369 per share
Lot Size 1 Lots (40 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14760 / 1 Lots
Maximum Investment ₹191880 / 13 Lots
Total Issue Size ₹537.02 Crores
Fresh Issue ₹200 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

21st Jun

IPO Starts

25th Jun

IPO Ends

26th Jun

Allotment Date

27th Jun

Initiation of Refund

27th Jun

Credit of Shares to Demat Account

28th Jun

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 67.28 0
Public Group 32.72 100

Stanley Lifestyles Ltd IPO Reservation

QIB Shares Offered 2910702(20%)
NII (HNI) Shares Offered 2183026(15%)
Retail Shares Offered 5093728(35%)
Anchor Investor Shares Offered 4366052(30%)
Total Shares Offered 14553508
Total Shares With Anchor Investor 14553508

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Stanley Lifestyles Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222
Email Id sll.ipo@kfintech.com
Our Website www.kfintech.com

Stanley Lifestyles Ltd IPO Lead Manager

1. Axis Capital Ltd

2. ICICI Securities Ltd

3. JM Financial Ltd

4. SBI Capital Markets Ltd

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Stanley Lifestyles Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 29,10,702 20,86,000 6,83,180.0
Non Institutional Investors (NIIs) 21,83,026 2,43,03,280 6,83,180.0
Non Institutional Investors (Bid amount of more than Ten Lakh Rupees) 14,55,351 1,34,99,080 6,83,180.0
Non Institutional Investors (Bid amount of more than Two Lakh and upto Ten Lakh Rupees) 7,27,676 1,08,04,200 6,83,180.0
Retail Individual Investors (RIIs) 50,93,728 3,59,89,760 6,83,180.0
Total 1,01,87,456 6,23,79,040 6,83,180.0

Strength of Stanley Lifestyles Ltd

1. Largest and the fastest growing brand in the luxury/super-premium furniture segment.

2. Comprehensive home furniture provider with offerings across categories and price points.

3. Pan-India presence with strategically located stores.

4. Focus on design-led product innovation.

5. Vertically integrated manufacturer with skilled craftmanship capabilities.

6. Efficient business model with track record of delivering financial growth.

7. Promoter-led company with experienced professional and senior management team.

Risks Involved

1. The company does not own the brand name "Stanley" which is registered in the name of one of its Promoters, Sunil Suresh. While the company has entered into the Assignment Deeds with Sunil Suresh, however, the trademarks are yet to be registered in its name. Further, one of its Promoters, Sunil Suresh has entered into a co-existence agreement with Stanley Furniture Company, Inc to limit and restrict the use of the term "Stanley" as a trademark in a composite manner in respect of products. In the event that the intellectual property rights to be assigned to it pursuant to the Assignment Deeds are not registered in its name in a timely manner or any breach or termination of the co-existence agreement occurs, it may adversely affect its business and financial condition.

2. Its business is highly dependent on the sale of sofas and recliners. Variations in demand and changes in consumer preference for its sofa and recliner products could have an adverse effect on its business, results of operations and financial condition.

3. The Company does not have any listed industry peers in India or abroad and it may be difficult to benchmark and evaluate its financial performance against other operators who operates in the same industry as the company.

4. The company generated a substantial portion of its sales from its stores located in southern regions of India and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

5. Any delay, interruption, or reduction in the supply of key raw materials such as leather and wood required to manufacture its products may adversely affect the company's business, results of operations, cash flows and financial condition.

6. The company depends on limited suppliers for the supply of leather, one of its primary raw materials. The loss of one or more such suppliers could adversely affect its business, results of operations, financial condition and cash flows.

7. If the company is unable to effectively manage or expand its retail network and operations or pursue its growth strategy, the company's new stores as well as its existing stores may not achieve the company expected level of profitability which may adversely affect its business prospects, financial condition and results of operations.

8. The company is reliant on the company owned company operated stores for a majority of its sales. Any disruptions to the operations of these channels or limitations on its ability to expand and grow these channels may adversely affect its sales, cash flow and profitability.

9. A portion of its revenue from operations is generated from certain of the company corporate customers. In the event such corporate customers does not continue to outsource manufacturing or avail its services, the company sales, cash flows and profitability may be adversely affected.

10. Its funding requirements and the proposed deployment of Net Proceeds are not appraised by any bank financial institution, or any other independent agency, and the company has not entered into definitive agreements in relation to the objects of its Offer, which may affect the company's business and results of operations. Further, the schedule of the implementation of the Objects for which funds are being raised in the Offer is spread between Fiscal 2025 to Fiscal 2027 and is therefore subject to risk of cost escalations and other unanticipated delays in implementation.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2023 2022 2021
Total Assets 458.19 422.14 346.52
Total Liabilities 458.19 422.14 346.52
Total Expenses 379.22 265.82 195.49
Total Revenue 
425.62 297.76 201.71
Profit After Tax 32.88 21.35 1.03
EBITDA 89.34 64.56 35.71
Adjusted EBITDA 0 0 0

Stanley Lifestyles Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-06-28 544202 STANLEY
INE01A001028
₹369 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹369 ₹369
Open ₹499 ₹494.95
Low ₹470.25 ₹470.2
High ₹510 ₹509.4
Low ₹470.25 ₹470.2

Frequently Asked Questions

What is Stanley Lifestyles Ltd IPO?

Answer Field

Stanley Lifestyles Ltd IPO is a Mainboard IPO of 1,45,53,508 equity shares of a face value of ₹2 aggregating up to ₹537.02 Crores. The issue is priced at ₹369 to ₹369 per share. The minimum order quantity is 40 Shares. The IPO opens on June 21, 2024, and closes on June 25, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When Stanley Lifestyles Ltd IPO will open?

Answer Field

The Stanley Lifestyles Ltd IPO opens on June 21, 2024 and closes on June 25, 2024.

What is the lot size of Stanley Lifestyles Ltd?

Answer Field

Stanley Lifestyles Ltd lot size is 40 shares, and the minimum amount required is ₹14,760.

How to apply for Stanley Lifestyles Ltd IPO?

Answer Field

You can apply in Stanley Lifestyles Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Stanley Lifestyles Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Stanley Lifestyles Ltd IPO will be done on June 26, 2024, and the allotted shares will be credited to your demat account by June 27, 2024.

When is Stanley Lifestyles Ltd IPO listing date?

Answer Field

The Stanley Lifestyles Ltd listing date is June 28, 2024.

Who is the registrar of Stanley Lifestyles Ltd IPO?

Answer Field

The registrar of Stanley Lifestyles Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Axis Capital Ltd,ICICI Securities Ltd,JM Financial Ltd,SBI Capital Markets Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Stanley Lifestyles Ltd IPO?

Answer Field

The fresh issue size is ₹200 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Stanley Lifestyles Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 40 shares and ₹14,760 amount.

How can I approve the UPI mandate request for Stanley Lifestyles Ltd IPO?

Answer Field

To apply for Stanley Lifestyles Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Stanley Lifestyles Ltd?

Answer Field

The price of each Stanley Lifestyles Ltd share will be ranging in between ₹369 to ₹369 per share.

What is the cut-off time for the UPI mandate for Stanley Lifestyles Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, June 25, 2024.

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