Stanley Lifestyles Limited
Book Built Issue IPO · NSE, BSE
- Price band
- ₹351 - ₹369
- Lot size
- 40 shares
- Issue amount
- ₹537.02 cr
- Total subscription
- 96.93×
- Opens
- 21 Jun 2024
- Closes
- 25 Jun 2024
- Allotment
- 26 Jun 2024
- Listing
- 28 Jun 2024
Offer at a glance
Issue overview
- Issue size
- 1,45,53,508 shares
- Face value
- ₹2 Per Equity Share
- Minimum investment
- ₹14,040
- Fresh issue
- ₹200 cr
- Offer for sale
- ₹337.02 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,760
- Issue type
- Book Built Issue IPO
- Shares before issue
- 5,15,97,168
- Shares after issue
- 5,70,17,222
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 40 | ₹14,760 |
| sHNI | 14 | 560 | ₹2,06,640 |
| bHNI | 68 | 2,720 | ₹10,03,680 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| HNIs (10L+) | 2,599 | 71,361 |
| HNIs (2-10L) | 1,299 | 1,13,146 |
| RETAIL | 1,27,343 | 19,42,417 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 107.4 | 23,158.37 |
| RETAIL | 187.96 | 3,519.71 |
| HNIs 2+ | 26.85 | 2,417.04 |
| HNIs 10+ | 53.7 | 7,343.59 |
Financial performance
Company financials
in Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 3.83 | 6.37 | 4.14 |
| ROE | 7.92 | 16.29 | 11.81 |
| ROCE | 8.63 | 16.63 | 12.9 |
| RONW | 8.34 | 15.18 | 10.69 |
| PRE IPO(PE) | 54.43 | 0 | 0 |
| POST IPO(PE) | 84.4 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
Risk factors
- 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.
Promoters
Sunil Suresh
Shubha Sunil
Registrar & documents
Lead manager
Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited, SBI Capital Markets Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
SY No. 16/2 and 16/3 Part, Hosur Road, Veerasandra Village, Attibele Hobli, Anekal Taluk, Bengaluru - 560 100
+ 91 80 6895 7200
[email protected]Company website ↗Understanding STANLEY IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.