Stanley Lifestyles IPO: A Comprehensive Overview
Stanley Lifestyles Limited is gearing up for its initial public offering (IPO) aimed at raising ₹537.02 crores.
Introduction
Stanley Lifestyles Limited is gearing up for its initial public offering (IPO) aimed at raising ₹537.02 crores. The IPO comprises a fresh issue of 0.54 crore shares amounting to ₹200.00 crores and an offer for sale (OFS) of 0.91 crore shares aggregating to ₹337.02 crores. Investors can subscribe to the IPO from June 21, 2024, to June 25, 2024. The shares are expected to be listed on both BSE and NSE on June 28, 2024.
IPO Schedule
- Opens: June 21, 2024
- Closes: June 25, 2024
- Basis of Allotment: June 26, 2024
- Initiation of Refunds: June 27, 2024
- Credit of Shares to Demat: June 27, 2024
- Listing Date: June 28, 2024
- Price Band: ₹351 to ₹369 per share
- Lot Size: 40 Shares
Issue Breakdown
- Total Issue Size: ₹537.02 Crores
- Fresh Issue: ₹200.00 Crores (0.54 Crore Shares)
- Offer for Sale: ₹337.02 Crores (0.91 Crore Shares)
Promoter Holding
- Pre Issue: 67.36%
- Post Issue: 56.81%
About Stanley Lifestyles Limited
Founded in 2007, Stanley Lifestyles specializes in designing and manufacturing super-premium, luxury, and ultra-luxury furniture under the brand "Stanley." Their product range includes:
- Seating: Sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
- Cased Goods: Coffee tables, dining tables, end tables, consoles, etc.
- Kitchens and Cabinets: Customized kitchens, wardrobes, bar cabinets, etc.
- Mattresses and Beds: Bed frames, mattresses, pillows, and accessories.
- Automotive and Other: Customizable shoes and leather seat covers.
The company operates 38 company-owned stores and 24 franchisee stores across major Indian cities.
Financial Information
Stanley Lifestyles has shown robust financial performance:
- Revenue Growth: Increased by 42.94% from March 2022 to December 2023.
- Profit After Tax (PAT): Rose by 50.64% during the same period.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets (₹ Cr) | 581.54 | 458.19 | 422.15 | 346.52 |
| Revenue (₹ Cr) | 322.29 | 425.62 | 297.76 | 201.71 |
| PAT (₹ Cr) | 18.70 | 34.98 | 23.22 | 1.92 |
| Net Worth (₹ Cr) | 237.21 | 216.50 | 199.76 | 182.93 |
Key Performance Indicators (KPI)
- ROE: 7.92%
- ROCE: 8.63%
- Debt/Equity: 0.86
- RoNW: 8.34%
- P/BV: 8.03
- PAT Margin (%): 5.97
Objects of the Issue
The net proceeds from the IPO will be utilized for:
- Opening new stores and anchor stores under different formats.
- Renovation of existing stores.
- Funding capital expenditure for machinery and equipment.
- General corporate purposes.
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