Stanley Lifestyles IPO is currently open for subscription.
Stanley Lifestyles IPO Subscription StatusOn the final day of bidding, the Stanley Lifestyles IPO has seen a robust response from investors, with a total subscription of 96.98 times.
See Also: Tata Play’s Net Loss Increases 3-Fold Due To Slump In DTH BusinessStanley Lifestyles IPO GMPThe Stanley Lifestyles IPO's GMP is currently reported at ₹177.
Stanley Lifestyles IPO DetailsThe Stanley Lifestyles IPO aims to raise funds to open more stores and purchase new machinery and equipment.
Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury, and ultra-luxury furniture, marketed under its brand “Stanley”.
Stanley Lifestyles IPO is currently open for subscription. The IPO, which opened on Friday, June 21, is set to close today, Tuesday, June 25. The public offering comprises a fresh issue and an offer for the sale of 9,133,454 equity shares by the promoters and shareholders.
Stanley Lifestyles IPO Subscription Status
On the final day of bidding, the Stanley Lifestyles IPO has seen a robust response from investors, with a total subscription of 96.98 times. The non-institutional investors’ portion is subscribed 119.52 times, while the retail investors’ category has received 19.21 times subscription. The Qualified Institutional Buyers (QIBs) have subscribed 222.10 times to their designated portion.
The IPO’s allocation structure reserves 50% of the shares for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors, ensuring a broad investor base.
See Also: Tata Play’s Net Loss Increases 3-Fold Due To Slump In DTH Business
Stanley Lifestyles IPO GMP
The Stanley Lifestyles IPO's GMP is currently reported at ₹177. This is a jump from the ₹167 reported earlier in the day. With the IPO's price band set at ₹369, the expected listing price is ₹546, indicating a potential gain of approximately 48% on the listing. However, it's crucial to remember that while GMPs can offer some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.
Stanley Lifestyles IPO Details
The Stanley Lifestyles IPO aims to raise funds to open more stores and purchase new machinery and equipment. The company plans to open 24 new stores in Delhi, Tamil Nadu, Telangana, and Maharashtra through its subsidiaries between 2025 and 2027.
Prior to the IPO launch, Stanley Lifestyles successfully secured over ₹161 crores from anchor investors. The company’s shares are scheduled for allotment tomorrow, Wednesday, June 26. Shares of Stanley Lifestyles are tentatively scheduled to be listed on both the BSE and NSE on June 28.
Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury, and ultra-luxury furniture, marketed under its brand “Stanley”.
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