Stanley Lifestyles, a luxury furniture brand, is set to raise Rs 537 crore through its Initial Public Offering (IPO). Here’s what you need to know:
IPO Details and Schedule
Stanley Lifestyles’ IPO will open on June 21, with a price band set between Rs 351 and Rs 369 per share. The lot size is 40 shares, and anchor investors can bid on June 20.
The IPO will close on June 25, with share allotment expected by June 26. The company anticipates listing on both BSE and NSE by June 28.
Allocation and Participants
The IPO comprises a fresh issuance of 54 lakh shares worth Rs 200 crore and an Offer for Sale (OFS) of 91.33 lakh shares valued at Rs 337.02 crore by promoters and existing shareholders, Sunil Suresh and Shubha Sunil.
Allocation Breakdown and Management
Stanley Lifestyles’ IPO allocation is structured as follows:
Qualified Institutional Buyers (QIBs): 50%
Retail Investors: 35%
Non-Institutional Investors: 15%
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book running lead managers, with KFin Technologies Limited as the registrar.
Utilization of Funds Raised
The funds raised from the IPO’s new shares will primarily support Stanley Lifestyles’ expansion plans:
1) Opening 24 new stores across Delhi, Tamil Nadu, Telangana, and Maharashtra between 2025 and 2027.
2) Investment in new machinery and equipment to enhance manufacturing capabilities.
Market Signals and Grey Market Performance
Stanley Lifestyles, known for its Bengaluru-based manufacturing facilities and diverse product offerings in super-premium, luxury, and ultra-luxury segments, has observed positive signals in the grey market.
Ahead of the IPO, its shares are trading at a premium of approximately Rs 80 (21.68% above the upper price band of Rs 369), indicating strong investor interest.This simplified version retains all essential details while ensuring clarity and readability.
Grey Market Performance
Before the IPO launch, Stanley Lifestyles shares in the grey market are trading at a premium of Rs 80, indicating strong investor interest.
This rewrite maintains all relevant information while simplifying the language and adding headings for clarity.
