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.
Stanley Lifestyles IPO Overview
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 | 14,553,508 shares (aggregating up to ₹537.02 Cr) |
Fresh Issue | 5,420,054 shares (aggregating up to ₹200.00 Cr) |
Offer for Sale | 9,133,454 shares of ₹2 (aggregating up to ₹337.02 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 51,597,168 |
Share holding post issue | 57,017,222 |
Stanley Lifestyles IPO Timeline (Tentative Schedule)
Detail | Description |
---|---|
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 |
Stanley Lifestyles IPO Lot Size
Application | Lots | Shares | 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 |
Stanley Lifestyles IPO Reservation
Investor Category | Shares Offered |
---|---|
QIB Shares Offered | Not more than 50.00% of the Net offer |
Retail Shares Offered | Not less than 35.00% of the Offer |
NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Stanley Lifestyles IPO Promoter Holding
Share Holding Pre Issue | 67.36% |
Share Holding Post Issue |
Company & Financials
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:
- 1.Seating: This includes the design, production and sale of seating furniture such as sofas, sofa beds, recliners, dining chairs, pouffes, bar stools and cushions.
- 2. Cased goods: These products have a solid casing, usually made of wood; they include coffee tables, dining tables, end tables, and consoles.
- 3. Kitchens and cabinets: These include kitchens and cabinetry products in a variety of materials, finishes, and styles. These include kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables.
- 4. Mattresses and beds: This includes the design, manufacture, and sale of a range of bed frames, mattresses, pillows and accessories.
- 5. Automotive and other: This includes the design and manufacture of shoes that can be customized to customer specifications and are available in a range of sizes, including half-size shoes. The company also offers leather seat covers for car brands.
Stanley Lifestyles Limited Financial Information
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
Assets | 581.54 | 458.19 | 422.15 | 346.52 | ||||||||||||||||||||||||||||||||||||
Revenue | 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 |
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 |
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.
FAQs for Stanley Lifestyles IPO
-
What is Stanley Lifestyles IPO?
Stanley Lifestyles IPO is a main-board IPO. They are going to raise ₹537.02 Crores via IPO. The issue is priced at ₹351 to ₹369 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Stanley Lifestyles IPO?
The IPO is to open on June 21, 2024 for QIB, NII, and Retail Investors.
-
What is Stanley Lifestyles IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Stanley Lifestyles IPO Size?
Stanley Lifestyles IPO size is ₹537.02 crores.
-
What is Stanley Lifestyles IPO Price Band?
Stanley Lifestyles IPO Price Band is ₹351 to ₹369.
-
What is Stanley Lifestyles IPO Minimum and Maximum Lot Size??
The minimum bid is 40 Shares with ₹14,760 amount while the maximum bid is 520 shares with ₹191,880.
-
What is the Stanley Lifestyles IPO Allotment Date?
Stanley Lifestyles IPO allotment date is June 26, 2024.
-
What is the Stanley Lifestyles IPO Listing Date?
Stanley Lifestyles IPO listing date is June 28, 2024. The IPO is to be listed on BSE and NSE.
RHP:
RHP of Stanley Lifestyles Limited IPO
DRHP:
DRHP of Stanley Lifestyles Limited IPO
-
What is Stanley Lifestyles IPO?
Stanley Lifestyles IPO is a main-board IPO. They are going to raise ₹537.02 Crores via IPO. The issue is priced at ₹351 to ₹369 per equity share. The IPO is to be listed on BSE & NSE.
-
When will Stanley Lifestyles IPO?
The IPO is to open on June 21, 2024 for QIB, NII, and Retail Investors.
-
What is Stanley Lifestyles IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is Stanley Lifestyles IPO Size?
Stanley Lifestyles IPO size is ₹537.02 crores.
-
What is Stanley Lifestyles IPO Price Band?
Stanley Lifestyles IPO Price Band is ₹351 to ₹369.
-
What is Stanley Lifestyles IPO Minimum and Maximum Lot Size??
The minimum bid is 40 Shares with ₹14,760 amount while the maximum bid is 520 shares with ₹191,880.
-
What is the Stanley Lifestyles IPO Allotment Date?
Stanley Lifestyles IPO allotment date is June 26, 2024.
-
What is the Stanley Lifestyles IPO Listing Date?
Stanley Lifestyles IPO listing date is June 28, 2024. The IPO is to be listed on BSE and NSE.
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