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.
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:
The company operates 38 company-owned stores and 24 franchisee stores across major Indian cities.
Stanley Lifestyles has shown robust financial performance:
| 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 |
The net proceeds from the IPO will be utilized for:
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