Stanley Lifestyles Limited (Mainboard)

Jun 21, 2024 - Jun 25, 2024

Price ₹351 - ₹369
Premium ₹173
Lot size 40
Allotment Jun 26, 2024
Listing Jun 28, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 40 14760 127343
sHNI 14 560 206640 1299
bHNI 68 2720 1003680 2599

Last Updated as on 25-Jun-2024 17:54:00

CategoryOfferedAppliedTimes
QIBs2910702627598200215.62
HNIs 2183026264515720121.17
HNIs (10L+)1455351199013360136.75
HNIs (2-10L)7276766550236090.02
Retail50937289538496018.73
Total1018745698749888096.93
Application Wise Breakup (Approx)
CategoryReservedAppliedTimes
HNIs (10L+)25997136127.46
HNIs (2-10L)129911314687.1
Retail127343194241715.25
Total Applications: 2126924
© IPO Premium
QIB Interest Cost per share (7 Days)
@7%
₹106.81
@8%
₹122.07
@9%
₹137.33
@10%
₹152.59
@11%
₹167.85
@12%
₹183.11
Big HNI (10L+) Cost per lot (7 Days)
Assuming fix interest of ₹2000 per application
Big HNI (10L+) costing for every 1 lot allotment is
₹54700
About

Stanley IPO Details

Total Issue Size [14,553,508] shares
(aggregating up to ₹[537.02] Cr)
Fresh Issue [54,20,054] shares
(aggregating up to ₹200.00 Cr)
Offer for Sale 9,133,454 shares of ₹2
(aggregating up to ₹[337.02] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue 51,597,168
Share holding post issue 57,017,222

Stanley IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.00% of the Offer
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Key Performance Indicator

KPI Dec-23 Mar-23 Mar-22
ROE 7.92% 16.29% 11.81%
ROCE 8.63% 16.63% 12.90%
RONW 8.34% 15.18% 10.69%
EPS
(Diluted)
3.83 6.37 4.14

P/E

Pre IPO

54.43    

P/E

Post IPO

84.4    

Financial Statement (Restated)

Period Ended Dec-23 Mar-23 Mar-22 Mar-21
Assets 581.54 458.19 422.15 346.52
Revenue 322.29 425.62 297.76 201.71
Profit After Tax 18.7 34.98 23.22 1.92
Net Worth 237.21 216.50 199.76 182.93
Reserves and Surplus 225.83 207.88 191.31 174.96
Total Borrowing 30.9 9.37 6.09 0.25
Amount in  Crore

About  Company

Stanley Lifestyles Limited, founded in 2007, is a prominent designer and manufacturer of super-premium, luxury, and ultra-luxury furniture, marketed under the brand "Stanley." The company's product offerings are categorized into Seating, which encompasses sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions; Cased Goods, including coffee tables, dining tables, end tables, and consoles; Kitchens and Cabinets, featuring a variety of kitchens, wardrobes, utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables; Mattresses and Beds, which cover bed frames, mattresses, pillows, and accessories; and Automotive and Other, where they design and produce customizable shoes and leather seat covers for cars, while also importing ancillary products like lighting and switches, and sourcing local carpets sold under private labels. By the end of 2023, Stanley Lifestyles operated 38 company-owned and company-operated (COCO) stores in major metropolitan cities such as Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, and 24 franchisee-owned and franchisee-operated (FOFO) stores across 21 cities in 11 Indian states and Union Territories. The company's product development department occupies approximately 15,000 square feet at its Bengaluru manufacturing facility, employing 778 staff members as of December 31, 2023.

Strength Factors

Market Leadership and Growth: Stanley Lifestyles is the largest and fastest-growing brand in the luxury and super-premium furniture segment, indicating robust market presence and expanding consumer base.

Diverse Product Range: The Company offers a comprehensive selection of home furniture across various categories and price points, catering to a wide spectrum of customer preferences and needs.

Extensive Pan-India Presence: With strategically located stores across major metropolitan cities and numerous franchisee-operated outlets, Stanley Lifestyles ensures broad accessibility and strong market penetration throughout India.

Risk Factors

Trademark Ownership Uncertainty: The brand name "Stanley" is not yet registered in the company's name but is owned by promoter Sunil Suresh. Any delays in transferring these intellectual property rights or breaches in the co-existence agreement with Stanley Furniture Company, Inc. could negatively impact the business.

Dependence on Sofas and Recliners: The Company’s financial health is heavily reliant on the sales of sofas and recliners. Fluctuations in demand or shifts in consumer preferences for these products could adversely affect business performance.

Lack of Industry Benchmarks: With no listed industry peers domestically or internationally, it is challenging to benchmark and evaluate Stanley Lifestyles' financial performance against other operators in the same industry, potentially complicating performance assessments and strategic planning.

Lead Manager(s)

Axis Capital Limited

ICICI Securities Limited

Jm Financial Limited

SBI Capital Markets Limited

Strength
Weakness
Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Email: sll.ipo@kfintech.com

Website: https://kosmic.kfintech.com/ipostatus/