Stanley Lifestyles Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | June 21, 2024 to June 25, 2024 |
| Listing Date | - |
| Face Value | ₹ 2 per share |
| Price Band | ₹ 351 to ₹ 369 per share |
| Lot Size | 40 Shares |
| Total Issue Size | 1,45,53,508 shares (aggregating up to ₹ 537.02 Cr) |
| Fresh Issue | 54,20,054 shares (aggregating up to ₹ 200.00 Cr) |
| Offer for Sale | 91,33,454 shares of ₹2 (aggregating up to ₹ 337.02 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 5,15,97,168 |
| Share holding post issue | 5,70,17,222 |
About Stanley Lifestyles Limited IPO
Stanley Lifestyles is India’s largest super-premium and luxury furniture brand with a market share of 5.61% in terms of revenue in Fiscal 2022. They are also among the few home-grown super-premium and luxury consumer brands in India operating at scale in terms of manufacturing as well as retail operations. Further, they are the fourth largest player in the home furniture segment in India in terms of revenue in Fiscal 2022. They have the distinction of being among the first few Indian companies to venture into the super-premium and luxury furniture segment. Stanley Lifestyles IPO is a book-built issue of Rs 537.02 crores. The issue is a combination of a fresh issue of 0.54 crore shares aggregating to Rs 200.00 crores and an offer for sale of 0.91 crore shares aggregating to Rs 337.02 crores.
Stanley Lifestyles IPO opens for subscription on June 21, 2024 and closes on June 25, 2024. The allotment for the Stanley Lifestyles IPO is expected to be finalized on Wednesday, June 26, 2024. Stanley Lifestyles IPO price band is set at ₹351 to ₹369 per share. The minimum lot size for an application is 40 Shares. Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited are the book-running lead managers of the Stanley Lifestyles IPO, while Kfin Technologies Limited is the registrar for the issue.
Objectives of Stanley Lifestyles IPO
The company proposes to utilize the Net Proceeds towards the funding of the following objectives:
- 1. Expenditure for opening new stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("New Stores").
- 2. Expenditure for opening anchor stores ("Anchor Stores").
- 3. Expenditure for the renovation of existing stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("Existing Stores").
- 4. Funding the capital expenditure requirements for purchasing new machinery and equipment by the company and Material Subsidiary, SOSL.
- 5. General corporate purposes.
Stanley Lifestyles IPO Review
The company is one of the leading players in premium – luxury furniture. It marked steady growth in its top and bottom lines between FY21 and FY23. Based on FY24 annualized earnings, the issue appears aggressively priced. Well-informed/cash surplus investors may park moderate funds for the long term.
Stanley Lifestyles Limited IPO Financial Information
Latest Revenue
322.29
₹ Crore
Profit After Tax
18.70
₹ Crore
Net Worth
237.21
₹ Crore
Total Borrowing
30.90
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 581.54 | 322.29 | 18.70 | 237.21 | 30.90 | ||||
| 31 Mar 2023 | 458.19 | 425.62 | 34.98 | 216.50 | 9.37 | ||||
| 31 Mar 2022 | 422.15 | 297.76 | 23.22 | 199.76 | 6.09 | ||||
| 31 Mar 2021 | 346.52 | 201.71 | 1.92 | 182.93 | 0.25 | ||||
| Amount in ₹ Crore | |||||||||
Stanley Lifestyles Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 7.92% |
| ROCE | 8.63% |
| Debt/Equity | 0.86 |
| RoNW | 8.34% |
| P/BV | 8.03 |
| PAT Margin (%) | 5.97 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.78 | 4.37 |
| P/E (x) | 54.43 | 84.4 |
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Stanley Lifestyles Limited IPO Timeline
| IPO Open Date | Friday, June 21, 2024 |
| IPO Close Date | Tuesday, June 25, 2024 |
| Basis of Allotment | Wednesday, June 26, 2024 |
| Initiation of Refunds | Thursday, June 27, 2024 |
| Credit of Shares to Demat | Thursday, June 27, 2024 |
| Listing Date | Friday, June 28, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 25, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,760 |
| Retail (Max) | 13 | 520 | ₹191,880 |
| S-HNI (Min) | 14 | 560 | ₹206,640 |
| S-HNI (Max) | 67 | 2,680 | ₹988,920 |
| B-HNI (Min) | 68 | 2,720 | ₹1,003,680 |