Stanley Lifestyles IPO is a book built issue of Rs 537.02 crores. The issue is a combination of fresh issue of 0.54 crore shares aggregating to Rs 200.00 crores and offer for sale of 0.91 crore shares aggregating to Rs 337.02 crores.
IPO is open for subscription on June 21, 2024 and close today June 25, 2024. The allotment for the IPO is expected to be finalized on Wednesday, June 26, 2024. Stanley Lifestyles IPO will list on BSE, NSE with tentative listing date fixed as Friday, June 28, 2024.
Stanley Lifestyles IPO price band is set at ₹351 to ₹369 per share. The minimum lot size for an application is 40 Shares. The minimum amount of investment required by retail investors is ₹14,760. The minimum lot size investment for is 14 lots (560 shares), amounting to ₹206,640, and it is 68 lots (2,720 shares), amounting to ₹1,003,680.
ICICI Securities Limited, Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Stanley Lifestyles IPO, while Technologies Limited is the registrar for the issue.
Refer to Stanley Lifestyles IPO RHP for detailed infor
About Stanley Lifestyles Limited
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:
- Seating: This includes the design, production and sale of seating furniture such as sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
- Cased goods: These products have a solid casing, usually made of wood; they include coffee tables, dining tables, end tables, and consoles.
- 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.
- Mattresses and beds: This includes the design, manufacture, and sale of a range of bed frames, mattresses, pillows and accessories.
- 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 sizes shoes. The company also offers leather seat covers for car brands. While the company manufactures all of its own products, ancillary products such as lighting and switches are generally imported and sold under private labels. The company also sells carpets that are sourced locally from other manufacturers and sold under private labels.
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.
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of December 31, 2023 that is available in RHP.
Objects of the Issue (Stanley Lifestyles IPO Objectives)
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Expenditure for opening new stores under the formats of “Stanley Level Next”, “Stanley Boutique” and “Sofas & More by Stanley” (“New Stores”);
- Expenditure for opening anchor stores (“Anchor Stores”);
- Expenditure for the renovation of existing stores under the formats of “Stanley Level Next”, “Stanley Boutique” and “Sofas & More by Stanley” (“Existing Stores”);
- Funding the capital expenditure requirements for purchasing new machinery and equipment by the company and Material Subsidiary, SOSL; and
- General corporate purposes.
Stanley Lifestyles IPO Details
| 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 Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,366,051 (30.00%) | NA |
| QIB Shares Offered | 2,910,702 (20.00%) | NA |
| NII (HNI) Shares Offered | 2,183,026 (15.00%) | |
| bNII > ₹10L | 1,455,351 (10.00%) | 2,598 |
| sNII < ₹10L | 727,676 (5.00%) | 1,299 |
| Retail Shares Offered | 5,093,728 (35.00%) | 127,343 |
| Total Shares Offered | 14,553,507 (100%) |
Stanley Lifestyles IPO Anchor Investors Details
Stanley Lifestyles IPO raises Rs 161.11 crore from anchor investors. Stanley Lifestyles IPO Anchor bid date is June 20, 2024. Stanley Lifestyles IPO Anchor Investors list| Bid Date | June 20, 2024 |
| Shares Offered | 4,366,051 |
| Anchor Portion Size (In Cr.) | 161.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | July 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | September 24, 2024 |
Stanley Lifestyles IPO Timeline (Tentative Schedule)
Stanley Lifestyles IPO opens on June 21, 2024, and closes on June 25, 2024.| 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
Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.| 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 Promoter Holding
Sunil Suresh and Shubha Sunil are the promoters of the company.| Share Holding Pre Issue | 67.36% |
| Share Holding Post Issue | 56.81% |
Stanley Lifestyles Limited Financial Information (Restated Consolidated)
Stanley Lifestyles Limited's revenue increased by 42.94% and profit after tax (PAT) rose by 50.64% between the financial year ending with March 31, 2023 and March 31, 2022.| 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 |
Key Performance Indicator
The market capitalization of Stanley Lifestyles IPO is Rs 2103.94 Cr.KPI as of December 31, 2023.
| 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 |
Stanley Lifestyles IPO Subscription Status (Bidding Detail)
The Stanley Lifestyles IPO is subscribed 97.12 times on June 25, 2024 6:13:05 PM (Day 3). The public issue subscribed 19.02 times in the retail category, 215.62 times in the QIB category, and 121.36 times in the NII category.
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 215.62 | 29,10,702 | 62,75,98,200 |
| NII | 121.36 | 21,83,026 | 26,49,23,840 |
| bNII (bids above ₹10L) | 136.75 | 14,55,351 | 19,90,13,360 |
| sNII (bids below ₹10L) | 90.58 | 7,27,676 | 6,59,10,480 |
| Retail | 19.02 | 50,93,728 | 9,68,98,680 |
| Total | 97.12 | 1,01,87,456 | 98,94,20,720 |
Stanley Lifestyles Limited Contact Details
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
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