Stanley Lifestyles IPO: Price Band Set at ₹351-369 Apiece; Everything About This IPO


June 15, 2024

New Delhi, India

IPO Watch

Stanley Lifestyles Limited, a fully integrated luxury furniture manufacturer, is set to launch its initial public offering (IPO) soon. Here are the key details you need to know:

IPO Price Band and Subscription Dates

  • Price Band: ₹351 to ₹369 per equity share
  • Face Value: ₹2 per share
  • Subscription Dates: June 21 to June 25, 2024
  • Anchor Investor Allocation Date: June 20, 2024

Issue Details

  • Fresh Issue: ₹200 crore
  • Offer-for-Sale (OFS): 9,133,454 equity shares by promoters and shareholders

Promoter and Shareholder Offer-for-Sale:

  • Sunil Suresh and Shubha Sunil: Up to 1,182,000 equity shares each
  • Oman India Joint Investment Fund II: 5,544,454 equity shares
  • Kiran Bhanu Vuppalapati: 1,000,000 equity shares
  • Sridevi Venkata Vuppalapati: 225,000 equity shares

Pricing and Valuation

  • Floor Price: 175.50 times the face value
  • Cap Price: 184.50 times the face value
  • Minimum Lot Size: 40 equity shares and multiples thereafter
  • Price to Earnings Ratio (Fiscal 2023): 57.93 at the upper end of the price band
  • Nifty 50 PE Ratio (June 12, 2024): 22.18

Financial Performance

  • Revenue Growth: 42.94% increase between March 31, 2022, and March 31, 2023
  • Profit After Tax (PAT): 50.64% increase during the same period

Use of Proceeds

  • Expansion: Opening 24 new stores in Delhi, Tamil Nadu, Telangana, and Maharashtra between 2025 and 2027
  • Equipment: Purchase of new machinery and equipment

Subsidiaries Involved

  • ABS Seating Pvt Ltd
  • Sana Lifestyles Ltd
  • Stanley Retail Ltd
  • Shrasta Décor Pvt Ltd
  • Staras Seating Pvt Ltd

Industry Position

  • Report by RedSeer: Stanley Lifestyles is positioned as a super-premium luxury furniture brand in India.

IPO Managers

  • Book-Running Lead Managers:
    • Axis Capital Limited
    • ICICI Securities Limited
    • JM Financial Limited
    • SBI Capital Markets Limited
  • Registrar: Kfin Technologies Limited


Stanley Lifestyles’ IPO offers a significant opportunity for investors interested in the luxury furniture sector. With robust financial growth and a strategic expansion plan, the company is poised to attract considerable market interest.

Stay tuned for more updates on the stock market and financial news.

IPO Watch

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