Stanley Lifestyles IPO: The initial public offering (IPO) of Stanley Lifestyles has a price range of Rs 351 to Rs 369 per share. The subscription period will end on June 25, 2024.

In short

• Stanley Lifestyles’ IPO launches to raise Rs 537.02 crore.
• Shares are expected to be listed on June 28, 2024.
• Latest GMP Rs 162; projected listing gain 43.90%.

To collect Rs 537.02 crore, Stanley Lifestyles Limited’s initial public offering opened for subscriptions on Friday.

As of 11:51 AM, the Stanley Lifestyles initial public offering had received 0.42 subscriptions and had raised Rs 161.11 cr from anchor investors.

The initial public offering (initial public offering) of Stanley Lifestyles has a price range of Rs 351 to Rs 369 per share. The subscription period will end on June 25, 2024.

The Ultra Luxury, Luxury, and Super Premium segments of the market are serviced by the furniture manufacturer Stanley Lifestyle. Master Capital Services Limited stated that the management is placing its bets on the domestic demand, where homeowners will be wanting to purchase new furniture when they acquire goods in the next few years.

The management intends to grow its store count from its current 63 to 100–110 in the next three years to meet this demand. For listing gains, we recommend subscribing to the IPO,” the statement continued.

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Brokerages like Anand Rathi Research, Reliance Securities, Indsec Research, SMIFS, Arihant Capital Markets, StoxBox, and Sushil Finance recommend subscribing to the Stanley Lifestyles IPO. They highlight the company’s strong market position, impressive financial growth, scalability, and favorable industry dynamics. However, some also advise caution due to high valuations and the company’s dependency on specific products and regions.

newest GMP for Stanley Lifestyles IPO