Luxury Furniture Brand Stanley Lifestyles Lists at 34% Premium - A Smart Investment Move

  • 29th Jun 2024
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Luxury Furniture Brand Stanley Lifestyles Lists at 34% Premium - A Smart Investment Move

Mumbai: Shares of Stanley Lifestyles debuted at INR 494.95, marking a 34.13% premium over its issue price of INR 369. The stock hit a high of INR 509.4 and settled at INR 479 by the end of the trading day.


Key IPO Details

  • IPO Composition:
  • Fresh Issue: INR 200 crore
  • Offer for Sale: 91.3 lakh shares, totaling INR 337 crore at the upper price band

Subscription Details:

  • Overall Subscription: 96.98 times on the final bidding day, June 25
  • Retail Investor Category: Subscribed 19.21 times
  • Qualified Institutional Investors: Subscribed 222.1 times
  • Non-Institutional Investors (HNIs): Subscribed 119.52 times

Pre-IPO Fundraising

Stanley Lifestyles raised INR 161.10 crore from anchor investors, which included notable names like:

  • SBI Mutual Fund
  • Nippon MF
  • Quant MF
  • Franklin India Opportunities Fund
  • The company offered 43.6 lakh shares at INR 369 each to 16 anchor investors.

About Stanley Lifestyles

  • Brand Positioning: Super-premium and luxury furniture brand
  • Store Presence:
  • Company-Owned and Operated Stores: 38 stores across Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad
  • Franchisee-Owned and Operated Stores: 21 stores in 11 cities as of last year

Key Financial Figures

  • Listing Price: INR 494.95
  • Issue Price: INR 369
  • Stock High: INR 509.4
  • Closing Price: INR 479
  • Fresh Issue: INR 200 crore
  • Offer for Sale: INR 337 crore

Lead Managers

The book running lead managers for the IPO were:

  • Axis Capital
  • ICICI Securities
  • JM Financial
  • SBI Capital Markets

Stanley Lifestyles' successful listing at a premium signifies robust investor confidence and positions the company strongly in the super-premium and luxury furniture market.

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Pradeep Dhuri

Pradeep Dhuri is a graphic designer, health enthusiast, video creator, and editor with a continuous desire to learn and develop. He is driven by an ambition to produce better things every day and to contribute to the world's betterment. He also utilises his talent for writing to explore fascinating ... read more


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