Stanley Lifestyles IPO is scheduled to open on June 21 and close on June 25. The company aims to raise approximately ₹537.02 crores through the IPO, which includes a fresh issue of ₹200 crores and an offer for sale of up to 9,133,454 equity shares at ₹2 each. The retail quota is 35%, the QIB (Qualified Institutional Buyers) quota is 50%, and the HNI (High Net Worth Individuals) quota is 15%.
Stanley Lifestyles is India’s largest super-premium and luxury furniture brand, holding a 5.61% market share in terms of revenue for Fiscal 2022. It is one of the few home-grown super-premium and luxury consumer brands in India operating at scale in both manufacturing and retail operations, according to the RedSeer Report. Additionally, Stanley Lifestyles ranks as the fourth largest player in the home furniture segment in India by revenue for Fiscal 2022. The company has pioneered the super-premium and luxury furniture segment in India and offers a wide range of products across various price points, including super-premium, luxury, and ultra-luxury segments.
Stanley Lifestyles designs, manufactures, and retails its products through a network of stores across India. As per the RedSeer Report, it is one of the top four Indian super-premium and luxury furniture manufacturing companies that are fully integrated, with capabilities to manufacture and distribute products through their retail network. This integrated model allows Stanley Lifestyles to have complete control over processes, from raw material procurement, product design, manufacturing, and quality control to marketing and sales.
The company offers bespoke products leveraging the skilled craftsmanship of its employees, who possess expertise in processes like leather marking, cutting, carpentry, sewing and stitching, metalwork, and polishing. As of June 30, 2023, Stanley Lifestyles’ new product development division employed 61 craftsmen, including both permanent and contractual staff. The company focuses on attention to detail, combining unique manufacturing techniques with contemporary design to deliver distinctive and luxurious products. Most of the products under their “Stanley Level Next” and “Stanley Boutique” brands feature handcrafted elements.
Stanley Lifestyles IPO Date & Price Band Details:
| IPO Open: | June 21, 2024 |
| IPO Close: | June 25, 2024 |
| IPO Size: | Approx ₹537.02 Crores, 14,553,508 Equity Share |
| Fresh Issue: | Approx ₹200 Crores, 5,420,054 Equity Share |
| Offer for Sale: | Approx ₹337.02 Crores, 9,133,454 Equity Share |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹351 to ₹369 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
IPO Lot Size of Stanley Lifestyles:
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 40 | ₹ 14,760 |
| Retail Maximum | 13 | 520 | ₹ 1,91,880 |
| S-HNI Minimum | 14 | 560 | ₹ 2,06,640 |
| B-HNI Minimum | 68 | 2720 | ₹ 10,03,680 |
Objects of the Issue
New Stores: Expenditure for opening new stores under the formats of “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley.”
Anchor Stores: Expenditure for opening anchor stores.
Existing Stores: Expenditure for renovating existing stores under the formats of “Stanley Level Next,” “Stanley Boutique,” and “Sofas & More by Stanley.”
Capital Expenditure: Funding the capital expenditure requirements for purchasing new machinery and equipment by the company and its material subsidiary, SOSL.
General Corporate Purposes.
Stanley Lifestyles IPO Review (Apply or Not)
To be updated soon.
Brokerage Firm IPO Review
Capital Market: To be updated soon.
Religare Broking: To be updated soon.
Hem Securities: To be updated soon.
Arihant Capital: To be updated soon.
Peer Group
Not Applicable
Company Promoters
- Sunil Suresh
- Shubha Sunil
Stanley Lifestyles IPO Registrar
- Kfin Technologies Limited
- Phone: 04067162222, 04079611000
- Email: sll.ipo@kfintech.com
- Website: Kfin Technologies IPO Status
Stanley Lifestyles IPO Allotment Status Check
Check Stanley Lifestyles IPO allotment status on the Kfin Technologies website.
Stanley Lifestyles IPO Lead Managers (Merchant Bankers)
- Axis Capital Limited
- ICICI Securities Limited
- JM Financial Limited
- SBI Capital Markets Limited
Company Address
- Stanley Lifestyles Limited
- SY No. 16/2 and 16/3 Part,
- Hosur Road, Veerasandra Village, Attibele Hobli,
- Anekal Taluk, Bengaluru – 560 100
- Phone: +91 80 6895 7200
- Email: investors@stanleylifestyles.com
- Website: Stanley Lifestyles
Stanley Lifestyles IPO FAQs
What is Stanley Lifestyles IPO?
Stanley Lifestyles IPO is a main-board IPO aiming to raise ₹537.02 crores, priced at ₹351 to ₹369 per equity share. The IPO will be listed on BSE & NSE.
When will Stanley Lifestyles IPO open?
The IPO will open on June 21, 2024, for QIB, NII, and retail investors.
What is Stanley Lifestyles IPO Investors’ Portion?
The investors’ portion is 50% for QIB, 15% for NII, and 35% for retail investors.
How to Apply for Stanley Lifestyles IPO?
You can apply for Stanley Lifestyles IPO via ASBA online through your bank account or UPI through your stock brokers. You can also apply offline through your stock brokers.
How to Apply for Stanley Lifestyles IPO through Zerodha?
Log in to the Zerodha Console, go to Portfolio, and click on IPO. Select “Stanley Lifestyles,” click on Bid Button, enter your UPI ID, and submit the IPO application form. Approve the mandate on your UPI app.
How to Apply for Stanley Lifestyles IPO through Upstox?
Log in to the Upstox app, select the IPO, click on Bid Button, confirm your application, and approve the mandate on your UPI app.
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