Stanley Lifestyles Limited IPO opens today . Check GMP & other details
Details of Stanley Lifestyles Limited IPO
| Category | Details |
|---|---|
| Company | Stanley Lifestyles Limited |
| Product Categories | Seating: Sofas, sofa beds, recliners, dining chairs, poufs, bar stools, cushions ; Cased Goods: Coffee tables, dining tables, end tables, consoles ; Kitchens and Cabinets: Kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, bedside tables ; Mattresses and Beds: Bed frames, mattresses, pillows, accessories ; Automotive and Other: Customizable shoes, leather seat covers for cars, imported lighting and switches, locally sourced carpets |
| Ancillary Products | Imported lighting and switches, locally sourced carpets |
| Store Operations | Company-Owned and Operated (COCO) Stores: 34 stores in Bengaluru, Chennai, New Delhi, Mumbai, Hyderabad ;Franchisee-Owned and Operated (FOFO) Stores: 21 stores in 22 cities across 9 Indian states and Union Territories |
| Product Development Location: | Bengaluru, Karnataka |
Stanley Lifestyles Ltd. Financials (Amt in Crore)
| 31-Mar-23 | 31-Mar-22 | 31-Mar-21 | |
|---|---|---|---|
| Assets | 458.19 | 422.15 | 346.52 |
| Revenue | 425.62 | 297.76 | 201.71 |
| Profit After Tax | 34.98 | 23.22 | 1.92 |
| Net Worth | 216.50 | 199.76 | 182.93 |
| Reserves & Surplus | 207.88 | 191.31 | 174.96 |
| Total Borrowing | 9.37 | 6.09 | 0.25 |
Company Promoter(s)
- Sunil Suresh
- Shubha Sunil
Issue Objectives
The company will utilise the funds for :
- Opening new stores under the formats: Stanley Level Next, Stanley Boutique, and Sofas & More by Stanley (New Stores)
- Opening anchor stores (Anchor Stores)
- Renovating existing stores under the formats: Stanley Level Next, Stanley Boutique, and Sofas & More by Stanley (Existing Stores)
- Funding capital expenditure requirements for purchasing new machinery and equipment for the company and its material subsidiary, SOSL
- General corporate purpose.
Stanley Lifestyles Ltd other details
| Category | Details |
|---|---|
| Open Date | 21 June, 2024 |
| Close Date | 25 June, 2024 |
| Allotment Date | 26 June, 2024 |
| Listing Date | 28 June, 2024 |
| Issue Price | ₹351-369 per equity share |
| Face Value | ₹2 Per Equity Share |
| Market Lot | Retail: 40 Shares (₹14,760/-); S-HNI: 560 Shares (₹2,06,640/-); B-HNI: 2,720 Shares (₹10,03,680/-) |
| Listing at Group | BSE, NSE |
| Registrar | Kfin Technologies Limited |
| Retail Portion | 35% (Number of Retail Applications: 1,27,343 Approx); Number of S-HNI Applications: 1,299 Approx; Number of B-HNI Applications: 2,599 Approx |
| Issue Size | Total ₹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) |
Stanley Lifestyles Ltd. GMP Today
The GMP of the company today is around Rs. 130-150 which is around 30.23% of the Issue price . It is expected that investors can get a profit of30.23% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
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Disclaimer:
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