Jun 20, 2024
By: Sourabh Jain
Credit: Stanley Lifestyles
Bengaluru-based Stanley Lifestyles’ initial public offering (IPO) opens on Friday, June 21, and will close on Tuesday, June 25.
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Stanley Lifestyles has fixed a price band of ₹351-₹369 per share for its public issue.
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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.
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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.
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Investors can bid for a minimum of 40 shares and in multiples of 40 shares thereafter.
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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.
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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.
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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.
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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.
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