Stanley Lifestyles Limited’s initial public offering (IPO), which aims to generate Rs 537.02 crore, opened for subscriptions on Friday.
As of 11:51 AM, anchor investors had contributed Rs 161.11 crore to the Stanley Lifestyles IPO, which had been subscribed 0.42 times.
Stanley Lifestyles’ initial public offering (IPO) is scheduled to close for subscription on June 25, 2024, with a price range of Rs 351 to Rs 369 per share.
Do you want to subscribe?
“The furniture company Stanley Lifestyle serves the Ultra Luxury, Luxury, and Super Premium segments of the market. Master Capital Services Limited stated, “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 the number of stores from the present 63 to 100–110 over the next three years in order to satisfy this demand. “For listing gains, we recommend subscribing to the IPO,” the statement continued.
The strong market position, impressive financial growth, scalability, and positive industry dynamics of Stanley are cited by brokerages like Anand Rathi Research, Reliance Securities, Indsec Research, SMIFS, Arihant Capital Markets, StoxBox, and Sushil Finance as reasons to subscribe to the IPO. However, some advise caution due to high valuations and dependence on specific products and regions.
newest GMP for Stanley Lifestyles IPO
At 11:23 AM on June 21, 2024, the Grey Market Premium (GMP) for Stanley Lifestyles’ initial public offering (IPO) was Rs 162.
Combining the cap price and the current GMP yields an expected listing price of Rs 531, with a price band of Rs 369. This implies a 43.90% per share projected gain.
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