📷 Image Credits: Zee Business
Stanley Lifestyles IPO Review: The IPO of luxury furniture brand Stanley Lifestyles opened for subscription today, June 21. The Rs 537-crore initial public offering (IPO), with a price band of Rs 351 to Rs 369 per share, will conclude on June 25. Zee Business Managing Editor Anil Singhvi suggested investors must apply to the issue for listing gains and for the long term.
The IPO comprises fresh issuance of equity shares worth Rs 200 crore and an offer-for-sale (OFS) component of 91.33 lakh equity shares by the company’s promoters and other shareholders to the tune of Rs 337 crore at the upper-end of the price band. Stanley Lifestyles IPO is a book built issue of Rs 537.02 crores, with a combination of fresh issue of 0.54 crore shares and an offer for sale of 0.91 crore shares.
The basis of the allotment of shares under the IPO of Stanley Lifestyles is set to be finalized on June 26. The stock is likely to be listed in the secondary market on June 28 on both BSE and NSE. The minimum lot size for an application is 40 shares, with a minimum investment required by retail investors of Rs 14,877.
The company, Stanley Lifestyles Ltd., operates in the business of manufacturing and marketing luxury furniture. It has 62 stores operating in 25 cities of India. The company has seen steady growth in its top and bottom lines till FY23, with a focus on super-premium and luxury furniture segments. The IPO offers an opportunity for investors to tap into the growth potential of the company.
On the financial performance front, the company has posted a total income/net profit of Rs. 201.71 cr. / Rs. 1.92 cr. (FY21), Rs. 297.76 cr. / Rs. 23.22 cr. (FY22), and Rs. 425.62 cr. / Rs. 34.98 cr. (FY23). As per Dilip Davda’s review, the issue appears aggressively priced but well-informed investors may consider it for long-term gains.
Overall, the Stanley Lifestyles IPO presents a lucrative opportunity for investors looking to participate in the growth story of the luxury furniture brand. With positive recommendations from market experts and the potential for long-term gains, investors are advised to consider applying to the IPO for potential listing gains and future growth prospects.
