About the Company:
Established in 2007, Stanley Lifestyles Limited is acclaimed for its design and manufacturing of premium, luxury, and ultra-luxury furniture, marketed under the "Stanley" brand. The company boasts a diverse product lineup that encompasses seating, case goods, kitchens and cabinets, mattresses and beds, as well as automotive accessories and other items.
Product Categories
Seating: The seating collection includes sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
Case Goods: This category features coffee tables, dining tables, end tables, and consoles, typically constructed from solid materials like wood.
Kitchens and Cabinets: Stanley offers a variety of kitchens, wardrobes, laundry and utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables, available in various materials, finishes, and styles.
Mattresses and Beds: This range includes bed frames, mattresses, pillows, and related accessories.
Automotive and Other: The company provides customizable shoes in various sizes, including half sizes, and leather seat covers for vehicles. Additionally, Stanley sells ancillary products such as lighting and switches under private labels, with carpets sourced locally and also sold under private labels.
Retail Presence: As of December 31, 2023, Stanley Lifestyles operates:
- 38 company-owned and company-operated (COCO) stores in Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad.
- 24 franchisee-owned and franchisee-operated (FOFO) stores across 21 cities in 11 Indian states and Union Territories.
Objectives of the IPO
The funds raised from the IPO will be allocated for the following purposes:
- Establishing new stores and anchor stores.
- Renovating existing stores.
- Investing in capital expenditures for new machinery and equipment.
- Covering general corporate expenses.
Promoter Holding
- Pre-Issue: 67.36%
- Post-Issue: 56.81%
Summary of Financial Information:
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
|---|---|---|---|---|
| Assets | 581.54 | 458.19 | 422.15 | 346.52 |
| Revenue | 322.29 | 425.62 | 297.76 | 201.71 |
| Profit After Tax | 18.7 | 34.98 | 23.22 | 1.92 |
| Net Worth | 237.21 | 216.5 | 199.76 | 182.93 |
| Reserves and Surplus | 225.83 | 207.88 | 191.31 | 174.96 |
| Total Borrowing | 30.9 | 9.37 | 6.09 | 0.25 |
No Listed Peers:
As per the RHP, the company doesn't have any listed peer in the same line of business/industry.
Key details of the IPO:
IPO Dates: 21 to 25 June, 2024
Price Band: Rs. 351 to Rs. 369 per share
Lot Size: 40 shares
Listing Date: 28 June, 2024
Total Issue Size: Rs. 537.02 Crores
Retail Quota: 35%
GMP: Rs. 167/- (Only for education purposes)
Note: For additional information & risk factors please refer to the Red Herring Prospectus
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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.
