Adani Bribery Allegations Trigger Market Crash: Nifty, Sensex Plunge
Stanley Lifestyles IPO Price: ₹351 to ₹369 per share
IPO Date Range: 21 June 2024 - 25 June 2024
Founded in 2007, Stanley Lifestyles Limited has established itself as a leading manufacturer of super-premium and luxury furniture under its brand "Stanley". The company is renowned for its diverse product portfolio catering to upscale markets.
Stanley Lifestyles Limited offers an extensive range of furniture and home interior solutions across several categories:
As of December 31, 2023, Stanley Lifestyles Limited operates an extensive retail network:
Company-Owned and Operated (COCO) Stores: With 38 stores strategically located in major metropolitan cities including Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, these stores showcase the company's luxurious furniture collections and ensure a direct customer engagement experience.
Franchisee-Owned and Operated (FOFO) Stores: The company also manages 24 franchisee-owned stores across 21 cities in 11 Indian states and Union Territories, expanding their market reach and accessibility across diverse regions.
Stanley Lifestyles Limited's operational capabilities are supported by:
Stanley Lifestyles Limited continues to uphold its commitment to luxury, innovation, and customer satisfaction, setting benchmarks in the premium furniture industry with its comprehensive product offerings and strategic market presence.
IPO Date | June 21, 2024 to June 25, 2024 |
Listing Date | Friday, June 28, 2024 |
Face Value | ₹2 per share |
Price Band | ₹114 to ₹120 per share |
Lot Size | 40 Shares |
Total Issue Size | 14,553,508 shares (aggregating up to ₹537.02 Cr) |
Fresh Issue | 5,420,054 shares (aggregating up to ₹200.00 Cr) |
Offer For Sale | 9,133,454 shares (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 |
Bidders have the opportunity to bid for a minimum of 40 shares, with the option to increase in multiples. The table below outlines the minimum and maximum investment thresholds for both retail investors and High Net Worth Individuals (HNIs), specifying the corresponding number of shares and amounts involved.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 40 | ₹14,760 |
Retail (Max) | 13 | 520 | ₹191,880 |
S-HNI (Min) | 14 | 560 | ₹206,640 |
S-HNI (Max) | 67 | 2680 | ₹988,920 |
B-HNI (Min) | 68 | 2720 | ₹1,003,680 |
QIB Shares Offered | Not more than 50% of the Net offer |
Retail Shares Offered | Not less than 35% of the Offer |
NII (HNI) Shares Offered | Not less than 15% of the Offer |
IPO Open Date | Friday, June 21, 2024 |
IPO Close Date | Tuesday, June 25, 2024 |
Basis of Allotment | Wednesday, June 26, 2024 |
Initiation of Refunds | Thursday, June 27 2024 |
Credit of Shares to Demat | Thursday, June 27 2024 |
Listing Date | Friday, June 28 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on June 25 2024 |
Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.
Between March 31, 2022, and March 31, 2023, Akme Fintrade India Ltd witnessed a 3.06% growth in revenue and a significant 283.5% increase in profit after tax (PAT).
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 31 Dec 2023 |
---|---|---|---|---|
Assets | 346.52 | 422.15 | 458.19 | 581.54 |
Revenue | 201.71 | 297.76 | 425.62 | 322.29 |
Profit After Tax | 1.92 | 23.22 | 34.98 | 18.70 |
Net Worth | 182.93 | 199.76 | 216.50 | 237.21 |
Reserves & Surplus | 174.96 | 191.31 | 207.88 | 225.83 |
Total Borrowing | 0.25 | 6.09 | 9.37 | 30.90 |
KPI | Values |
---|---|
Market Cap | Rs 2103.94 Cr |
EPS | Rs 6.78 |
P/E (x) | 54.43 |
ROE | 7.92% |
ROCE | 8.63% |
Debt/ Equity | 0.86 |
RoNW | 8.34% |
The company plans to use the Net Proceeds for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. Stanley Lifestyles Limited IPO DRHP and Stanley Lifestyles Limited RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"Stanley Lifestyles Limited" IPO is ₹351 to ₹369 per share.
The "Stanley Lifestyles Limited" IPO is expected to be listed on Friday, 28 June 2024.
To apply for an IPO with Lakshmishree:
Go to www.lakshmishree.com/ipo
Select the desired IPO and fill in the required details.
Confirm your application and make the payment.
Once applied, you can track the status of your application on the platform or get in your registered Email ID.
Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.