Stanley Lifestyles IPO
Stanley Lifestyles IPO — date, price band, lot size & details 2024
Stanley Lifestyles listed on 28 Jun 2024 at ₹494.95, 34.1% above the ₹369 issue price.
Stanley Lifestyles is a super-premium and luxury furniture brand in India, making and retailing sofas, chairs, beds, kitchens and more under the Stanley brand. Its total income was Rs 425.62 crore in FY2023.
Stock price
Stanley Lifestyles is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 November.
- Open 21 Jun 2024
- Close 25 Jun 2024
- Allotment 26 Jun 2024
- Refund/credit 27 Jun 2024
- Listing 28 Jun 2024
Issue summary
The terms of the offer, as filed.
| IPO Dates | 21 to 25 Jun, 2024 |
|---|---|
| Price Band | ₹351 – ₹369 |
| Face Value | ₹2 |
| Lot Size | 40 Shares |
| Issue Size | ₹537.02 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 14,760 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 40 shares at the ₹369 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 40 | ₹14,760 |
| Retail (max) | 13 | 520 | ₹1,91,880 |
| S-HNI (min) | 14 | 560 | ₹2,06,640 |
| S-HNI (max) | 67 | 2,680 | ₹9,88,920 |
| B-HNI (min) | 68 | 2,720 | ₹10,03,680 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 5
- 01Total income rose from Rs 201.71 crore in FY2021 to Rs 425.62 crore in FY2023.
- 02Profit after tax rose from Rs 1.92 crore in FY2021 to Rs 34.98 crore in FY2023.
- 03Borrowing was low at Rs 30.90 crore on 31 December 2023.
- 04Rs 200.00 crore of the issue was fresh capital for new and anchor stores.
- 05It is one of the few Indian luxury furniture brands with its own manufacturing and retail, with a net worth of Rs 237.21 crore.
Risks · 5
- 01The pre-issue P/E was 54.43 at the upper band of Rs 369, based on EPS of Rs 6.78.
- 02Rs 337.02 crore of the Rs 537.02 crore issue was offer for sale.
- 03Luxury furniture demand depends on high-income spending and housing activity, and the source puts the PAT margin at 5.97%.
- 04Profit was Rs 18.70 crore in the nine months to 31 December 2023, a slower pace than FY2023.
- 05The promoters held about 67.36% before the issue and about 56.81% after it, as per the RHP share counts.
Three years of numbers
All figures in ₹ crore, as reported in the Stanley Lifestyles offer document.
| Metric | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 581.54 | 458.19 | 422.15 | 346.52 |
| Total Income | 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 |
| Total Borrowing | 30.90 | 9.37 | 6.09 | 0.25 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Stanley Lifestyles RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Stanley Lifestyles IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Pre-Issue | Post-Issue |
|---|---|---|
| EPS (₹) | ₹6.78 | ₹4.37 |
| P/E Ratio (x) | 54.43 | 84.40 |
| Market Cap at Offer Price (₹ Cr) | ₹1,017.74 | ₹1,579.02 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹369 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹181.09 Cr of the issue is earmarked to named objects.
About the company
It retails furniture under the Stanley brand, including sofas, arm chairs, kitchen cabinets, beds, mattresses and pillows. Its categories include seating, cased goods such as tables, and kitchens and cabinets.
Its promoters are Sunil Suresh and Shubha Sunil.
The IPO was Rs 537.02 crore, with Rs 200.00 crore of fresh issue and Rs 337.02 crore of offer for sale by the promoters, Oman India Joint Investment Fund and others. Rs 90.13 crore was planned for new stores and Rs 39.99 crore for anchor stores through its subsidiaries.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Stanley Lifestyles IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
125 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
SBI Capital Markets Ltd.
70 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: Kalyan Jewellers India (-15.0%).
Axis Capital
126 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
ICICI Securities
133 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Shriram Properties (-23.7%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Stanley Lifestyles?
The current Grey Market Premium is ₹160, or 43% over the issue price.
What is the Stanley Lifestyles IPO price band?
₹351 to ₹369, on a face value of ₹2.
When is the allotment?
The basis of allotment is 26 June 2024, with listing on 28 June 2024.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
