
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
Category | Offered | Applied | Times |
---|---|---|---|
QIBs | 2910702 | 627598200 | 215.62 |
HNIs | 2183026 | 264515720 | 121.17 |
HNIs (10L+) | 1455351 | 199013360 | 136.75 |
HNIs (2-10L) | 727676 | 65502360 | 90.02 |
Retail | 5093728 | 95384960 | 18.73 |
Total | 10187456 | 987498880 | 96.93 |
Application Wise Breakup (Approx)![]() | |||
---|---|---|---|
Category | Reserved | Applied | Times |
HNIs (10L+) | 2599 | 71361 | 27.46 |
HNIs (2-10L) | 1299 | 113146 | 87.1 |
Retail | 127343 | 1942417 | 15.25 |
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 |
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.
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Phone: 04067162222, 04079611000
Email: sll.ipo@kfintech.com