IPO Details
Bidding Dates
21 Jun 24 - 25 Jun 24
Price Range ₹
351 - 369
Total Equity
₹ 377.91Cr
Lot Size
40
Exchange Status
NSE,BSE
IPO Doc
Subscription Rate
Non-Institutional Investor
19.21×
Qualified Institutional Buyers
222.10×
Employees
0.00×
Retail Investors
19.21×
Total subscription Rate
96.98×
IPO Timeline
Offer start
21 Jun 2024
Offer end
25 Jun 2024
Allotment
26 Jun 2024
Refund initiation
27 Jun 2024
Demat transfer
27 Jun 2024
Listing
28 Jun 2024
Offer start
21 Jun 2024
Offer end
25 Jun 2024
Allotment
26 Jun 2024
Refund initiation
27 Jun 2024
Demat transfer
27 Jun 2024
Listing
28 Jun 2024
About Company
Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury, and ultra-luxury furniture under the brand "Stanley." The company's diverse product range includes seating furniture such as sofas and recliners, cased goods like coffee and dining tables, kitchens and cabinetry, mattresses and beds, and automotive products including custom shoes and leather car seat covers. While Stanley manufactures its core products, it imports ancillary items like lighting and switches and sources carpets locally. As of December 31, 2023, Stanley operated 38 company-owned stores in major Indian cities and 24 franchisee-owned stores across 21 cities in 11 states and Union Territories. The company's product development department, located in Bengaluru, spans approximately 15,000 square feet, and the company employs 778 people.
Year Founded
11-10-2007
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 67.35 | 56.81 |
| Share Capital | 34755280 | 32391280 |
Offer to Public
1,02,41,507.00 Cr
Highlights
- Stanley Lifestyles' revenue from operations grew from Rs 195.78 crore in FY21 to Rs 419 crore in FY23, achieving a CAGR of 46.29%.
- The company's profit after tax (PAT) rose from Rs 1.92 crore in FY21 to Rs 34.98 crore in FY23.
- Stanley Lifestyles has a widespread retail presence across India, enhancing its brand visibility.
- The company is a vertically integrated furniture manufacturer, managing the entire process from raw material sourcing to production, design, and retail.
- Stanley Lifestyles holds ISO 45001:2018, ISO 9001:2015, and ISO 14001:2015 certifications, reflecting its commitment to quality, safety, and environmental management.
Challenges
- The company relies heavily on the sale of sofas and recliners, making it vulnerable to fluctuations in demand or changes in consumer preferences.
- A significant portion of sales come from stores in southern India, exposing the company to regional operational risks.
- In FY21, FY22, and FY23, the top 5 corporate customers accounted for over 98% of revenue, posing a risk if business from these customers slows down.
- The company undertakes contract manufacturing for multinational home furnishing players and leather automotive interiors for a major automobile company, risking adverse impacts from any slowdown in these sectors.
- Stanley Lifestyles has contingent liabilities amounting to ₹4.32 crore, which could negatively impact its financial condition if materialized.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2021 | 3,401.03 | 73.71 | 350.00 | 329.00 | 6.3514 |
| 2023 | 4,650.00 | 74.00 | 232.19 | 213.49 | 4.1376 |
| 2022 | 4,140.17 | 73.71 | 19.23 | 10.31 | 0.1998 |
