Stanley Lifestyles IPO: Listing Date Today, GMP Hints 46% Premium; What To Expect?

The book-built issue of Rs 537.02 crores, Stanley Lifestyles IPO, is scheduled to go public on the market today. The issue is scheduled to be listed at 10:00 AM on the BSE and NSE platforms. Grey market observers anticipate a substantial premium of more than 48% following a healthy subscription of 97.16 times on the last day of bidding, which was July 25.

As of June 25, 2024, the Stanley Lifestyles IPO was subscribed 97.16 times, with a total of 989860360 shares bid. By Day 3, the public issue had received subscriptions 19.08 times in the retail category, 215.62 times in the QIB category, and 121.42 times in the NII category. June 21, 2024 marked the beginning of the Stanley Lifestyles IPO bidding, which ended on June 25, 2024. On Wednesday, June 26, 2024, the allocation for the Stanley Lifestyles IPO was completed.

On June 20, 2024, anchor investors invested Rs 161.11 crore in Stanley Lifestyles IPO. The 0.91 crore shares were placed as OFS or offer for sale, totalling Rs 337.02 crores, plus the 0.54 crore shares that were the fresh issue, totalling Rs 200.00 crores, making up Stanley Lifestyles IPO.

For the Stanley Lifestyles IPO, Kfin Technologies Limited is the registrant, while Axis Capital Limited, ICICI Securities Limited, Jm Financial Limited, and SBI Capital Markets Limited are the book-running lead managers.

Given that Stanley Lifestyles' latest GMP was Rs. 173, as of June 28, 2024, 08:27 AM, grey market analysts are projecting an enormous premium for the IPO listing price. The expected listing price of Stanley Lifestyles IPO, with an upper price band of Rs 369.00, is Rs 542 (cap price + today's GMP). In light of this, the experts in the grey market predict a strong listing premium of 46.88% over the issue price based on the current GMP.

Stanley Lifestyles IPO Objectives

According to a SEBI-registered broking firm Master Trust, here are the objectives of Stanley Lifestyles IPO.

• Investment in certain subsidiaries for opening of new stores, opening of Anchor stores and renovation of existing stores.
• Funding the capital expenditure requirements for purchase of new machinery and equipment by the Company and their Material Subsidiary, Stanley OEM Sofas Limited.
• General Corporate purpose.

Stanley Lifestyles IPO Review

"Stanley Lifestyle is a furniture manufacturer that operates in Ultra Luxury, Luxury and Super Premium segment of the market. The management is betting on the residential demand where the homeowners will get possessions in the coming few years and will be looking to buy new furniture. To capture this demand, the management has a plan to increase its store count from 63 currently to 100-110 in the next 3 years. We advise to subscribe to the IPO for listing gains," said the research analysts of Master Capital Services Limited.

Disclaimer

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