Bookbuilding IPO | ₹537 Cr | Listed at BSE, NSE | Fri, Jun 21, 2024 - Tue, Jun 25, 2024
Stanley Lifestyles IPO is a book build issue of ₹537.02 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to ₹200.00 crores and offer for sale of 0.91 crore shares aggregating to ₹337.02 crores.
Stanley Lifestyles IPO bidding started from Jun 21, 2024 and ended on Jun 25, 2024. The allotment for Stanley Lifestyles IPO was finalized on Jun 26, 2024. The shares got listed on BSE, NSE on Jun 28, 2024.
Stanley Lifestyles IPO price band is set at ₹369 per share. The lot size for an application is 40. The minimum amount of investment required by an retail is ₹14,760 (40 shares) (based on upper price). The lot size investment for sNII is 14 lots (560 shares), amounting to ₹2,06,640, and for bNII, it is 68 lots (2,720 shares), amounting to ₹10,03,680.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Stanley Lifestyles IPO RHP for detailed Information.
IPO Open
Fri, Jun 21, 2024
IPO Close
Tue, Jun 25, 2024
Issue Price
₹369 per share
Market Cap (Pre-IPO)
₹2,103.94 Cr
| IPO Date | 21 to 25 Jun, 2024 |
| Listed on | Fri, Jun 28, 2024 |
| Face Value | ₹2 per share |
| Price Band | ₹351 to ₹369 |
| Issue Price | ₹369 per share |
| Lot Size | 40 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,45,53,508 shares (agg. up to ₹537 Cr) |
| Fresh Issue | 54,20,054 shares (agg. up to ₹200 Cr) |
| Offer for Sale | 91,33,454 shares of ₹2 (agg. up to ₹337 Cr) |
| Share Holding Pre Issue | 5,15,97,168 shares |
| Share Holding Post Issue | 5,70,17,222 shares |
| BSE Script Code / NSE Symbol | 544202 / STANLEY |
| ISIN | INE01A001028 |
Stanley Lifestyles IPO offers total 1,45,53,508 shares. Out of which 72,76,753 (50.00%) allocated to QIB, 29,10,702 (20.00%) allocated to QIB (Ex- Anchor), 21,83,027 (15.00%) allocated to NII 50,93,728 (35.00%) allocated to RII and 43,66,051 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 72,76,753 (50.00%) | NA |
| − Anchor Investor Shares Offered | 43,66,051 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 29,10,702 (20.00%) | NA |
| NII (HNI) Shares Offered | 21,83,027 (15.00%) | NA |
| − bNII > ₹10L | 14,55,351 (10.00%) | 2,598 |
| − sNII < ₹10L | 7,27,676 (5.00%) | 1,299 |
| Retail Shares Offered | 50,93,728 (35.00%) | 1,27,343 |
| Total Shares Offered | 1,45,53,508 (100.00%) |
Investors can bid for a minimum of 40 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 40 | ₹14,760 |
| Retail (Max) | 13 | 520 | ₹1,91,880 |
| S-HNI (Min) | 14 | 560 | ₹2,06,640 |
| S-HNI (Max) | 67 | 2,680 | ₹9,88,920 |
| B-HNI (Min) | 68 | 2,720 | ₹10,03,680 |
Stanley Lifestyles IPO raises ₹161.11 crore from anchor investors. Stanley Lifestyles IPO Anchor bid date is June 20, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jun 20, 2024 |
| Shares Offered | 43,66,051 |
| Anchor Portion (₹ Cr.) | 161.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jul 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Sep 24, 2024 |
Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury and ultra-luxury furniture and sells it through its brand "Stanley".
The company's product list can be divided into the following categories:
As of December 31, 2023, the Company operated 38 "company-owned and company-operated" or "COCO" stores, all located in the major metropolitan cities of Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, and 24 "franchisee-owned and franchisee-operated" or "FOFO" stores in 21 cities across 11 Indian states and Union Territories.
The Company's product development department is spread over approximately 15,000 square feet at its manufacturing city in Bengaluru, Karnataka and as of December 31, 2023, the company had 778 employees.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 581.54 | 458.19 | 422.15 | 346.52 |
| Total Income | 322.29 | 425.62 | 297.76 | 201.71 |
| Profit After Tax | 18.70 | 34.98 | 23.22 | 1.92 |
| NET Worth | 237.21 | 216.50 | 199.76 | 182.93 |
| Reserves and Surplus | 225.83 | 207.88 | 191.31 | 174.96 |
| Total Borrowing | 30.90 | 9.37 | 6.09 | 0.25 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Opening of New Stores by Subsidiaries | 90.13 |
| 2 | Opening the Anchor Stores by such Subsidiaries | 39.99 |
| 3 | Renovation of the Existing Stores by such Subsidiaries | 10.04 |
| 4 | Funding the capital expenditure requirements for purchase of new machinery and equipment by our Company and our Material Subsidiary, Stanley OEM Sofas Limited | 6.66 |
| 5 | General corporate purposes | 34.27 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 7.92% |
| ROCE | 8.63% |
| Debt/Equity | 0.86 |
| RoNW | 8.34% |
| PAT Margin | 5.97% |
| Price to Book Value | 8.03 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 6.78 | 4.37 |
| P/E (x) | 54.43 | 84.4 |
| Promoter Holding | 67.36% | 56.81% |
| Market Cap | ₹2,103.94 Cr. |
The Stanley Lifestyles IPO is subscribed 97.16 times on June 25, 2024 6:19:05 PM (Day 3). The public issue subscribed 19.08 times in the retail category, 215.62 times in the QIB category, and 121.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 215.62 | 29,10,702 | 62,75,98,200 |
| NII | 121.42 | 21,83,026 | 26,50,58,240 |
| bNII (bids above ₹10L) | 136.75 | 14,55,351 | 19,90,13,360 |
| sNII (bids below ₹10L) | 90.76 | 7,27,676 | 6,60,44,880 |
| Retail | 19.08 | 50,93,728 | 9,72,03,920 |
| Total | 97.16 | 1,01,87,456 | 98,98,60,360 |
Total Application : 21,56,995
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers including underwriting commission, brokerage and selling commission, as applicable | 20.01 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank(s) and Banker(s) to the Offer and brokerage, underwriting and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 2.37 |
| 3 | Fees payable to the Registrar to the Offer | |
| 4 | Fees payable to Auditors | 3.00 |
| 5 | Fees payable to Independent Chartered Accountant | 0.34 |
| 6 | Fees payable to Industry expert | 0.42 |
| 7 | Fees payable to Independent Chartered engineer | 0.03 |
| 8 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 3.93 |
| 9 | Printing and stationery | 2.17 |
| 10 | Advertising and marketing expenses | 5.72 |
| 11 | Fee payable to legal counsels | 7.31 |
| 12 | Miscellaneous | 5.38 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹369.00 | ₹369.00 |
| Open | ₹499.00 | ₹494.95 |
| Low | ₹470.25 | ₹470.20 |
| High | ₹510.00 | ₹509.40 |
| Last Trade | ₹474.00 | ₹474.75 |
Stanley Lifestyles IPO is a main-board IPO of 1,45,53,508 equity shares of the face value of ₹2 aggregating up to ₹537 Crores. The issue is priced at ₹369 per share. The minimum order quantity is 40.
The IPO opens on Fri, Jun 21, 2024, and closes on Tue, Jun 25, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Stanley Lifestyles IPO using UPI as a payment gateway. Zerodha customers can apply in Stanley Lifestyles IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Stanley Lifestyles IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Stanley Lifestyles IPO opens on Fri, Jun 21, 2024 and closes on Tue, Jun 25, 2024.
Stanley Lifestyles IPO lot size is 40, and the minimum amount required for application is ₹14,760.
You can apply in Stanley Lifestyles IPO online using either UPI or ASBA as a 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. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Stanley Lifestyles IPO will be done on Wednesday, June 26, 2024, and the allotted shares will be credited to your demat account by Thu, Jun 27, 2024. Check the Stanley Lifestyles IPO allotment status.
The Stanley Lifestyles IPO listing date is on Fri, Jun 28, 2024.
