Stanley Lifestyles Ltd

Stanley Lifestyles Ltd IPO

IPO Price Range: ₹351 - 369

Stanley Lifestyles Limited is a super-premium and luxury furniture brand in India and among the few home-grown super-premium and luxury consumer brands in India operating at scale in terms of manufacturing as well as retail operations. The Company retails its furniture products under the Stanley brand with wide range of home solutions offerings, such as sofas, arm chairs, kitchen cabinets, beds, mattresses and pillows, amongst others.

Min Investment

₹14,760

IPO Size

₹537 Cr

IPO Status

Closed

Quantity in 1 Lot

40

Max Bid allowed

13

Listing Exchange

NSE

IPO Application Timeline of Stanley Lifestyles Ltd

Open Date21 Jun 2024
Close Date25 Jun 2024
Allotment Date26 Jun 2024
Listing Date28 Jun 2024

IPO subscribed over

🚀 5.22x

This IPO has been subscribed by 6.11x in retail and 0.74x in QIB.

Subscription Rate

Total Subscription5.22x
Retail Individual Investors6.11x
Qualified Institutional Buyers0.74x
Non Institutional Investors8.86x

Key Statistics

Bid Opening DateBid Opening Date21 Jun 2024
Bid Closing DateBid Closing Date25 Jun 2024
Allotment DateAllotment Date26 Jun 2024
Issue SizeIssue Size₹537.02Cr
Quantity in 1 lotQuantity in 1 lot40

Strength and risks

Strength

Strength

  • Largest and the fastest growing brand in the luxury/super-premium furniture segment.

  • Comprehensive home furniture provider with offerings across categories and price points.

  • Pan-India presence with strategically located stores.

  • Focus on design-led product innovation.

  • Vertically integrated manufacturer with skilled craftmanship capabilities.

  • Efficient business model with track record of delivering financial growth.

  • Promoter-led company with experienced professional and senior management team.


Risk

Risk

  • The company does not own the brand name Stanley which is registered in the name of one of its Promoters, Sunil Suresh. While the company has entered into the Assignment Deeds with Sunil Suresh, however, the trademarks are yet to be registered in its name. Further, one of its Promoters, Sunil Suresh has entered into a co-existence agreement with Stanley Furniture Company, Inc to limit and restrict the use of the term Stanley as a trademark in a composite manner in respect of products. In the event that the intellectual property rights to be assigned to it pursuant to the Assignment Deeds are not registered in its name in a timely manner or any breach or termination of the co-existence agreement occurs, it may adversely affect its business and financial condition.

  • Its business is highly dependent on the sale of sofas and recliners. Variations in demand and changes in consumer preference for its sofa and recliner products could have an adverse effect on its business, results of operations and financial condition.

  • The Company does not have any listed industry peers in India or abroad and it may be difficult to benchmark and evaluate its financial performance against other operators who operates in the same industry as the company.

  • The company generated a substantial portion of its sales from its stores located in southern regions of India and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.

  • Any delay, interruption, or reduction in the supply of key raw materials such as leather and wood required to manufacture its products may adversely affect the companys business, results of operations, cash flows and financial condition.

  • The company depends on limited suppliers for the supply of leather, one of its primary raw materials. The loss of one or more such suppliers could adversely affect its business, results of operations, financial condition and cash flows.

  • If the company is unable to effectively manage or expand its retail network and operations or pursue its growth strategy, the companys new stores as well as its existing stores may not achieve the company expected level of profitability which may adversely affect its business prospects, financial condition and results of operations.

  • The company is reliant on the company owned company operated stores for a majority of its sales. Any disruptions to the operations of these channels or limitations on its ability to expand and grow these channels may adversely affect its sales, cash flow and profitability.

  • A portion of its revenue from operations is generated from certain of the company corporate customers. In the event such corporate customers does not continue to outsource manufacturing or avail its services, the company sales, cash flows and profitability may be adversely affected.

  • Its funding requirements and the proposed deployment of Net Proceeds are not appraised by any bank financial institution, or any other independent agency, and the company has not entered into definitive agreements in relation to the objects of its Offer, which may affect the companys business and results of operations. Further, the schedule of the implementation of the Objects for which funds are being raised in the Offer is spread between Fiscal 2025 to Fiscal 2027 and is therefore subject to risk of cost escalations and other unanticipated delays in implementation.

Promoters Holding

Investors Holdings %
Sunil Suresh33.64%
Shubha Sunil33.64%

About Stanley Lifestyles Ltd

OrganisationStanley Lifestyles Ltd
HeadquartersBangalore
IndustryMiscellaneous

Frequently Asked Questions

  • What is the size of the Stanley Lifestyles Ltd IPO?

    The size of the Stanley Lifestyles Ltd IPO is ₹537.02Cr .

  • What is 'pre-apply' for Stanley Lifestyles Ltd IPO?

    'Pre-apply' for Stanley Lifestyles Ltd IPO indicates your interest in the IPO before it opens for subscription. This ensures quick application when the IPO goes live.

  • When will my Stanley Lifestyles Ltd IPO order be placed?

    Your Stanley Lifestyles Ltd IPO order will be placed on 21 Jun 2024.

  • What are the open and close dates of the Stanley Lifestyles Ltd IPO?

    The open and close dates of the Stanley Lifestyles Ltd IPO are 21 Jun 2024 to 25 Jun 2024.

  • What is the lot size and minimum order quantity of the Stanley Lifestyles Ltd IPO?

    The lot size and minimum order quantity of the Stanley Lifestyles Ltd IPO are 40 and 40 respectively.

  • What would be the listing gains on the Stanley Lifestyles Ltd IPO?

    The potential listing gains on the Stanley Lifestyles Ltd IPO will depend on various market factors and cannot be predicted with certainty.