Stanley Lifestyles Limited IPO

The Stanley Lifestyles Limited IPO achieved a subscription rate of times The retail category subscribed times, the QIB category subscribed times, and the NII category subscribed times. Review the subscription details on a day-to-day basis (live status).

Stanley Lifestyles Limited IPO opens on June 21, 2024 and closes on June 25, 2024.

Investors can bid for a minimum of 40 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

The promoters of the company are Sunil Suresh and Shubha Sunil

Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury and ultra-luxury furniture and sells it through its brand "Stanley".

The company's product list can be divided into the following categories:

• Seating: This includes the design, production and sale of seating furniture such as sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
• Cased goods: These products have a solid casing, usually made of wood; they include coffee tables, dining tables, end tables, and consoles.
• Kitchens and cabinets: These include kitchens and cabinetry products in a variety of materials, finishes, and styles. These include kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables.
• Mattresses and beds: This includes the design, manufacture, and sale of a range of bed frames, mattresses, pillows and accessories.
• Automotive and other: This includes the design and manufacture of shoes that can be customized to customer specifications and are available in a range of sizes, including half sizes shoes. The company also offers leather seat covers for car brands. While the company manufactures all of its own products, ancillary products such as lighting and switches are generally imported and sold under private labels. The company also sells carpets that are sourced locally from other manufacturers and sold under private labels.

As of December 31, 2023, the Company operated 38 "company-owned and company-operated" or "COCO" stores, all located in the major metropolitan cities of Bengaluru, Chennai, New Delhi, Mumbai, and Hyderabad, and 24 "franchisee-owned and franchisee-operated" or "FOFO" stores in 21 cities across 11 Indian states and Union Territories.

The Company's product development department is spread over approximately 15,000 square feet at its manufacturing city in Bengaluru, Karnataka and as of December 31, 2023, the company had 778 employees.

The company proposes to utilize the Net Proceeds towards the funding of the following objects:

• Expenditure for opening new stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("New Stores");
• Expenditure for opening anchor stores ("Anchor Stores");
• Expenditure for the renovation of existing stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("Existing Stores");
• Funding the capital expenditure requirements for purchasing new machinery and equipment by the company and Material Subsidiary, SOSL; and
• General corporate purposes.

Stanley Lifestyles Limited
SY No. 16/2 and 16/3 Part,
Hosur Road, Veerasandra Village, Attibele Hobli,
Anekal Taluk, Bengaluru - 560 100
Phone: + 91 80 6895 7200
Email: investors@stanleylifestyles.com
Website: https://www.lovestanley.com/

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: sll.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

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