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.

STOCK MAKES A HIGH OF INR 509.4, CLOSES AT INR 479

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.