Stanley Lifestyles Limited IPO : Key Updates

Stanley Lifestyles Limited IPO is set to launch on 21 June, 2024. The company initiated its business operations in the year 2007. It is a furniture manufacturing company. The company deals into high end and ultra luxurious furniture and sells it under the brand name Stanley. The product category of the company includes Cased Goods, Seating Goods, Mattress and Beds, Kitchen and Cabinets, Automotives and other products. It has 38 COCO stores and 24 FOFO stores. The company has its presence across 21 cities and 11 States and Union territories. The manufacturing facility of the company is located in Bengaluru with a 15000 sq. ft of area and has 778 employees.

Stanley Lifestyles Limited IPO DETAILS

Stanley Lifestyles Limited IPO is set to launch on 21 June, 2024. The subscription timeline extends till 25 June, 2024. The size for the IPO is Rs. 537.02 Crore. Shares issued through fresh issue mode are worth Rs 200 Crore. Shares issued through offer for sale mode are worth Rs. 337.02 Crore. The lot size is 40 shares and the price is Rs. 351 to Rs. 359 per share. The company is going to get listed at BSE and NSE. The face value per share is Rs.2 and this is a Book Built Issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Stanley Lifestyles Limited IPO

IPO OPENING DATE	21 June, 2024
CLOSING DATE FOR IPO	25 June, 2024
ISSUE TYPE	Book Built Issue
Face Value per share	Rs. 2 per share
IPO price band	Rs. 351 to Rs. 359 per share
LOT SIZE	40 shares
MINIMUM ORDER QUANTITY	40 shares
ISSUE SIZE	Rs. 537.02 Crore
OFFER FOR SALE	Rs. 337.02 Crore
FRESH ISSUE	Rs. 200 Crore
LISTING AT	BSE & NSE
LISTING DATE	28 June, 2024

Stanley Lifestyles Limited IPO: IMPORTANT DATES

IPO OPENING DATE	21 June, 2024
CLOSING DATE FOR IPO	25 June, 2024
IPO ALLOTMENT DATE	26 June 2024
REFUNDS	27 June, 2024
DEMAT A/C CREDITED ON	27 June, 2024
IPO LISTING DATE	28 June, 2024

Stanley Lifestyles Limited IPO begins for subscription from 21 June, 2024. The IPO subscription would continue till 25 June, 2024. The allotment status for the shareholders who applied would come on 26 June, 2024. The refunds for the ones who did not get allotment would be initiated on 27 June, 2024. The DEMAT accounts of shareholders would be credited on 27 June, 2024. The listing of the company would be completed on 28 June, 2024.

Stanley Lifestyles Limited IPO: Lead Managers

The lead managers are :

• ICICI Securities Limited
• Axis Capital Limited
• SBI Capital Markets Limited
• JM Financial Limited

The minimum lot size for retail investors is 40 shares, amounting to Rs. 14760. The maximum lot size for retail investors is 520 shares, amounting to Rs. 191880 The minimum and maximum lot size for S-HNI and B-HNI are as under: 

	Lots	Shares	Amount
Retail (Minimum)	1	40 shares	Rs. 14880
Retail (Maximum)	13	520 shares	Rs. 191880
S-HNI (Minimum)	14	560 shares	Rs. 206640
S-HNI (Maximum)	67	2680 shares	Rs. 988920
B-HNI (Maximum)	68	2720 shares	Rs. 1003680

OBJECTIVES FOR THE IPO

• Funding the working capital requirements and
• General corporate purposes

COMPANY FINANCIALS

Particularly                 (in Rs. Crore)	2020-21	2021-22	2022-23	Dec-2023
Asset	346	422	458	581
Revenue	201	297	425	322
PAT	1.9	23.22	34.9	18.7

Stanley Lifestyles Limited had an asset base of 346 Crore Rs in 2021 which increased to 422 Crore Rs in 2022 and 458 Crore Rs in 2023. The revenue of the company was 201 Crore Rs in 2021, 297 Crore Rs in 2022 and 425 Crore Rs in 2023. Despite a high asset base and revenue the profits of the company were very low in 2021. The profit was 1.9 Crore Rs in 2021, 23 Crore Rs in 2022 and 34.9 Crore Rs in 2023.

PROS

• The company deals into high end and ultra luxurious furniture and sells it under the brand name Stanley.
• The product category of the company includes Cased Goods, Seating Goods, Mattress and Beds, Kitchen and Cabinets, Automotives and other products.
• It has 38 COCO stores and 24 FOFO stores. The company has its presence across 21 cities and 11 States and Union territories.
• The manufacturing facility of the company is located in Bengaluru with a 15000 sq. ft of area and has 778 employees.

Stanley Lifestyles Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Stanley Lifestyles Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.