Shares of Stanley Lifestyles are set to debut on Dalal Street today, and if the GMP is anything to go by, investors can expect a robust listing. The GMP for Stanley Lifestyles has remained strong in unofficial markets, signaling a significant upside for those who participated in the IPO.
Ahead of its listing, Stanley Lifestyles shares were commanding a GMP of Rs 170-175 per share, suggesting a potential listing gain of around 45-48% for investors. The premium stood firm at Rs 165-170 per share when the bidding for the issue closed, reflecting solid investor confidence and anticipation of a positive market reception.
Stanley Lifestyles Limited, known for its premium and luxury furniture, has garnered substantial attention leading up to its market debut. The IPO received an overwhelming response during its subscription phase, with the overall subscription reaching 96.98 times. The quota for qualified institutional bidders was particularly notable, being booked 222.10 times. Non-institutional investors subscribed 119.52 times, while the portion reserved for retail investors saw bidding for 19.21 times. This enthusiastic participation underscores the strong demand and positive sentiment surrounding the company’s stock.
Research Analyst Akriti Mehrotra from StoxBox highlighted Stanley’s strong financial performance and promising market potential as key drivers of investor interest. She advised investors who have been allotted shares to consider holding onto their investment. Mehrotra pointed to the company’s strategic initiatives and its ability to capitalize on the growing consumer demand for quality and stylish home furnishings as reasons for a positive outlook.
Stanley Lifestyles offered its shares in a fixed price band of Rs 351-369 per share, with a lot size of 40 shares. The IPO, open from June 21 to June 25, raised over Rs 537 crore. This included a fresh share sale of Rs 200 crore and an offer for sale of 91,33,454 shares. The strong subscription numbers and high GMP indicate that Stanley Lifestyles is well-positioned for a strong debut on the stock exchanges.
Founded in 2007, Stanley Lifestyles has established itself as a leading player in the luxury furniture market in India. The company designs and manufactures super-premium, luxury, and ultra-luxury furniture, sold under its brand ‘Stanley.’ Its product range includes seating, wooden cased products, kitchen and cabinet items, beds and mattresses, and automotive products. The company’s focus on high-quality, stylish furnishings has resonated well with consumers, driving its growth and market presence.
Brokerage firms have generally been positive about the Stanley Lifestyles IPO, suggesting that investors subscribe to the issue. ICICI Securities, Axis Capital, JM Financial, and SBI Capital Markets acted as the book running lead managers for the IPO, while Kfin Technologies served as the registrar. Shares of the company will be listed on both the BSE and NSE.
As Stanley Lifestyles prepares for its market debut, the focus will be on how the shares perform in their first trading session. Given the strong GMP and the overwhelming response during the subscription phase, expectations are high. Investors and market watchers will be closely monitoring the stock to see if it meets or exceeds the anticipated listing pop.
