Mumbai: Stanley Lifestyles Limited has come out with its maiden initial public offering (IPO) with price band set at Rs 351 to Rs 369 per equity share aggregating to Rs 537 crores and opening on June 21 to close on June 25, 2024.
The IPO was announced by Sunil Suresh, Managing Director and Mrs Shubha Sunil, WholeTime Director, at a press conference here today.
The equity shares are proposed to be listed on BSE and NSE.
Stanley Lifestyles Limited, the country’s largest super premium and luxury furniture brand, offers its customers select products across multiple catalogues, designs, configurations and SKUs with options offered in 10 different types and over 300 colours of leathers and fabrics.
Stanley holds the fourth position in terms of revenue in the home furniture segment in India for fiscal 2022 and stands out as one of the early Indian companies to venture into the super-premium and luxury furniture segment.
The company operates two manufacturing facilities located in Electronic City and Bommasandra Jigani Link Road, Bengaluru, Karnataka. It operated 38 company-owned /operated COCO stores located in Major metrocities like Bengaluru, Chennai, New Delhi, Mumbai and Hyderabad.
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited and SBI Capital Markets Limited are the book running lead managers and KFin Technologies Limited is the registrar to the offer.
