📷 Image Credits: Benzinga India
The Stanley Lifestyles IPO, valued at ₹200 crore, is currently open for subscription and is set to close today, Tuesday, June 25. The public offering consists of a fresh issue and an offer for the sale of 9,133,454 equity shares by the promoters and shareholders.
On the final day of bidding, the Stanley Lifestyles IPO has received a robust response from investors, with a total subscription of 96.98 times. The non-institutional investors’ portion is subscribed 119.52 times, while the retail investors’ category has seen a subscription rate of 19.21 times. The Qualified Institutional Buyers (QIBs) have shown significant interest and subscribed 222.10 times to their designated portion.
The IPO’s allocation structure reserves 50% of the shares for QIBs, 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors, ensuring a broad investor base. The GMP of the Stanley Lifestyles IPO is currently reported at ₹177, showing a jump from the earlier ₹167. With the IPO’s price band set at ₹369, the expected listing price is ₹546, indicating a potential gain of around 48% on the listing. However, it’s important to note that while GMPs can provide some insight into market sentiment, they may not always accurately predict a stock’s performance upon listing.
To raise funds for opening new stores and acquiring new machinery and equipment, the Stanley Lifestyles IPO aims to collect capital. The company plans to open 24 new stores in Delhi, Tamil Nadu, Telangana, and Maharashtra through its subsidiaries between 2025 and 2027.
Before the IPO launch, Stanley Lifestyles successfully secured over ₹161 crores from anchor investors. The company’s shares are scheduled for allotment tomorrow, Wednesday, June 26, with tentative listing dates on both the BSE and NSE set for June 28. Established in 2007, Stanley Lifestyles Limited specializes in designing and producing super-premium, luxury, and ultra-luxury furniture marketed under its brand ‘Stanley’.
