Fibe Aims for ₹1,500 Crore IPO, Eyes Billion-Dollar Valuation by 2026...
08 Aug, 2025
The IPO of Stanley Lifestyles saw an overwhelming response, receiving 99.32 crore bids against the 1.02 crore shares on offer, resulting in a subscription rate of 96.98 times. The Qualified Institutional Buyers (QIBs) category was oversubscribed 222.10 times, Non-Institutional Investors (NIIs) category 119.52 times, and Retail Individual Investors (RIIs) category 19.21 times.
The IPO, which opened for bidding on June 21, 2024, and closed on June 25, 2024, had a price band set at Rs 351 to 369 per share.
The IPO included a fresh issue of equity shares aggregating up to Rs 200 crore and an offer for sale of 91.33 lakh equity shares.
The net proceeds are intended for investment in subsidiaries, opening new stores (Rs 90.13 crore), anchor stores (Rs 39.99 crore), and renovating existing stores (Rs 10.04 crore), as well as funding capital expenditure requirements and general corporate purposes.
Over the next three years, Stanley Lifestyles plans to open 24 new stores across Delhi, Tamil Nadu, Telangana, Maharashtra, and Karnataka. Ahead of the IPO, the company raised Rs 161.10 crore from anchor investors on June 20, 2024, by allotting 43.66 lakh shares at Rs 369 each to 16 anchor investors.
Promoted by Sunil Suresh and Subha Sunil, Stanley Lifestyles is a super-premium and luxury furniture brand in India that offers complete home solutions, including installations.
The company designs, manufactures, and retails its furniture products under the Stanley brand, with a portfolio that includes sofas, cabinetry, and furniture for various rooms and home offices. For the nine months ending December 31, 2023, the firm reported a net profit of Rs 19.78 crore and sales of Rs 313.31 crore.
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