Stanley Lifestyles IPO

Jun 20, 2024 Credit: Stanley Lifestyles

Bengaluru-based Stanley Lifestyles’ initial public offering (IPO) opens on Friday, June 21, and will close on Tuesday, June 25. Credit: Canva

Price band

Stanley Lifestyles has fixed a price band of ₹351-₹369 per share for its public issue. Credit: Unsplash

About the company

Stanley Lifestyles is a Bengaluru-based designer and manufacturer of super-premium, luxury and ultra-luxury furniture. The company sells its products under the Stanley brand. Credit: Canva

IPO size

Stanley Lifestyles is looking to raise ₹537.02 crore from the current IPO. This includes a fresh issue of ₹200 crore and an offer for sale (OFS) component of ₹337.02 crore. Credit: Canva

Lot size

Investors can bid for a minimum of 40 shares and in multiples of 40 shares thereafter. Credit: Unsplash

Current operations

The company, founded in 2007 currently operates 38 company-owned and company-operated stores and 24 franchisee-owned and franchisee-operated stores across 21 cities in the country. Credit: Canva

Financials

The company’s income was ₹425.62 crore in FY23, up from ₹297.76 crore in FY22. The company reported a profit of ₹34.98 crore in FY23, up from a ₹23.22 crore loss reported in FY22. Credit: Canva

Risk factors

The company is highly dependent on select products. Sofas and recliners make up over 50 percent of the company’s sales. Any changes in consumer preference may adversely impact the company’s business. Credit: Canva

Business risks

Over 60 percent of the company’s revenue originates from Karnataka. Any unfavourable development in this region will have an adverse impact on the company. Credit: Canva

Disclaimer

The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, and registered advisors for professional and personalised financial advice. Credit: Canva