STANLEY LIFESTYLES Limited IPO GMP

STANLEY LIFESTYLES LIMITED, is a super-premium and luxury furniture brand in India and among the few home-grown super-premium and luxury consumer brands in India operating at scale in terms of manufacturing as well as retail operations.

Stanley Lifestles IPO, a Book Built issue amounting to ₹537.02 crores, consisting fresh issue of 54.20 lakh shares to ₹200 crores and an offer for sale of 91.33 lakh shares totaling ₹337.02 crores. The subscription period for the Stanley Lifestyles IPO opens on June 21, 2024, and closes on June 25, 2024. The allotment is expected to be finalized on or about Wednesday, June 26, 2024, and the shares will be listed on the BSE NSE with a tentative listing date set on or about Friday, June 28, 2024.

The price band of Stanley Lifestyles IPO is set at ₹351 to ₹369 equity per share, with a minimum lot size of 40 shares. Retail investors are required to invest a minimum of ₹14,760, while the minimum investment for High-Net-Worth Individuals (HNIs) is 14 lots (560 shares), amounting to ₹206,640.

AXIS CAPITAL LIMITED, ICICI SECURITIES LIMITED, JN FINANCIAL LIMITED, SBI CAPITAL MARKETS LIMITED are the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar.

Stanley Lifestles IPO GMP Today

The Grey Market Premium Stanley Lifestles is expected in the range of ₹90 - ₹105  based on the financial performance and subscription status of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

Stanley Lifestles IPO Live Subscription Status Today

As of 06:37 PM on 21 June 2024, the Stanley Lifestles IPO live subscription status shows that the IPO fully subscribed on the day 1 itself. The Stanley Lifestles IPO subscriped 1.44 times on NSE and BSE. Check the Stanley Lifestles IPO Live Subscription Status Today at NSE & BSE

Stanley Lifestles IPO Allotment Status

Stanley Lifestles IPO allotment date is 26 June 2024, Wednesday. Stanley Lifestles IPO Allotment will be out on 26th June 2024 and will be live on Registrar Website. Check Stanley Lifestyles IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select Stanley Lifestyles Limited from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of Stanley Lifestyles Limited

1. Investment in certain Sub sidiaries for:
a. opening of new stores by such Subsidiaries under the formats of “Stanley Level Next”, “Stanley Boutique” and “Sofas & More by Stanley” (“New Stores”);
b. opening anchor stores (“Anchor Stores”) by such Subsidiaries; and
c. renovation ofexisting stores under the formats of “Stanley Level Next”, “Stanley Boutique” and“Sofas & More by Stanley” (“Existing Stores”) by such Subsidiaries;
2. Funding the capital expenditure requirements for purchase of new machinery and equipment by the Company and their Material Subsidiary, Stanley OEM Sofas Limited; and
3. General corporate purposes

Refer to Stanley Lifestyles Limited RHP for more details about the Company.