Stanley Lifestyles IPO bids start from Friday, June 21 and ends on Tuesday, June 25. The IPO is a book built issue of ₹537.02 crores. The issue is a combination of fresh issue of 0.54 crores shares aggregating to ₹200 crores and offer for sale of 0.91 crore shares aggregating to ₹337.02 crores. The price band is set to ₹351 – ₹361 per share with a face value of ₹2 per share. Bids for Anchor Investor will be held on Thursday, June 20. The issue shall be listed on both NSE and BSE with tempting date fixed as Friday, June 28.
The minimum lot size of the issue is 40 equity shares and its multiples there-after. The minimum amount of investments required for retails is 1 lot, aggregating to ₹14,760, and maximum is 13 lots, aggregating to ₹1,91,880. The minimum lot size for HNI’s is 14 lot, aggregating to ₹2,06,640. The company has reserved not more than 50% for QIB’s, not less than 15% for NII’s and not less than 35% for RII’s.
Financials
| Particulars | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 22 |
| Revenue | ₹313.31 Cr | ₹418.99 Cr | ₹292.2 Cr |
| Profit | ₹18.69 Cr | ₹34.97 Cr | ₹23.21 Cr |
| PAT Margin (in %) | 5.97% | 8.35% | 7.95% |
Object of the Issue
- Investment in certain subsidiaries- a.) Opening in certain subsidiaries (₹90.12 crores) b). Opening of New Store by such subsidiaries (₹39.99 crores) c.) Renovation of the existing store by such subsidiaries (₹10.04 crores)
- Funding the capital expenditure requirements for purchases of new machinery and equipment by the company and the material.
- General Corporate Purpose
Risk Factors
- In the Financial year 2022-23 the company made a profit of Rs. 34.97 crores while the company gave dividend of Rs. 17 crores.
- The company’s borrowing has been increasing continuously for the last three year.
- The company depend on five supplies for 91.90% of its leather. Losing any of them could negatively impact the business.
- Our business heavily depend on Safa and Relner sale
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited are the book-running lead managers. Axis Bank Limited and ICICI Bank Limited are the Sponsor Bank of the Issue. KFin Technologies Limited is the registrar of the IPO.
About Stanley Lifestyles
Stanley Lifestyles was established by its Founder Mr. Sunil Suresh on February, 2007. It design and manufactures super-premium furniture and sells it through its brand “Stanley”.
Subsidiaries of Stanley Lifestyles
- Stanley Retail Limited
- Shrasta Decor Private Limited
- ABS Seating Private Limited
- Staras Seating Private Limited
- Sana Lifestyles Limited