Stanley Lifestyle Limited IPO: Luxury furniture brand Stanley Lifestyle is coming up with an IPO. The company will try to raise Rs 537 crore through the IPO. According to Stanley Lifestyle, the company’s IPO will open on June 21 and close on June 25. Anchor (major) investors will be able to bid on June 20. In IPO Rs. 200 crore worth of new shares and an offer for sale (OFS) of 91.33 lakh shares by the company’s promoters and other shareholders.
The total share of the promoters in the company is 67.36 percent. Let us tell you that retail investors will get at least 35 percent stake in the IPO.
The stock doubled its money in 6 months, experts are bullish on its performance
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What is a price band? (Stanley IPO Price Band)
The price band of Initial Public Offering (IPO) per share is Rs. 351-369 have been determined. The company has created one lot of 40 shares. Due to which retail investors have to bet at least 14760 rupees. Shares can be allotted by the company on June 26. Whereas, listing is possible on June 28, 2024. The company will be listed on both BSE and NSE.
Strong position in gray market (Stanley IPO GMP Today)
Stanley Lifestyle also does well in the gray market. According to the Investors Gain report, the company’s shares are trading at a premium of Rs 80 in the gray market today. If the situation continues till the listing, the company will trade in the stock market at Rs. May debut around 450. If this happens, investors can get 21 percent profit on the first day itself.
What does the company do?
Stanley Lifestyle is a luxury furniture brand based in Bengaluru. It is one of the few Indian companies to operate across multiple price ranges including super-premium, luxury and ultra-luxury through its multiple brands. The company has two manufacturing centers in Bengaluru.