Stanley Lifestyles IPO

Stanley Lifestyles Ltd

₹14,040 /40 sharesMinimum Investment

Stanley Lifestyles IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Jun ‘24 - 25 Jun ‘24₹14,04040₹351 - ₹369
Issue SizeIPO Doc
537.02Cr
RHP PDF

Subscription rate

As of 25 Jun'24, 04:00 PM
Qualified Institutional Buyers4.23x
Non-Institutional Investor42.86x
Retail Individual Investor9.86x
Total15.47x

About Stanley Lifestyles

Stanley Lifestyles, which started its operations in 2007, is a luxury furniture brand in India. It is one of the few homegrown brands that operates at scale in both manufacturing and retail in the super-premium and luxury segments. The company sells its furniture products under the "Stanley" brand. Their products include seating furniture (sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions), cased goods (coffee tables, end tables), kitchens and cabinets, mattresses and beds, and automotive and others. The company designs, manufactures, and retails its products through a network of company-owned and company-operated stores, as well as franchise-owned and franchise-operated stores, with a presence across India. Their integrated model allows them to control the entire process, from procuring raw materials and designing products to manufacturing, quality control, marketing, and final sales. The company operates two manufacturing facilities located at Electronic City, Bengaluru, Karnataka, and Bommasandra Jigani Link Road, Bengaluru, Karnataka.;
Founded in
2007
Managing director
Mr. Sunil Suresh
Parent organisation
Stanley Lifestyles Ltd

Strengths & Financials of Stanley Lifestyles

Strengths
Risks
The revenue from operations of Stanley Lifestyles grew consistently from Rs 195.78 crore in FY21 to Rs 292.20 crore in FY22 to Rs 419 crore in FY23, at a compounded annual growth rate (CAGR) of 46.29%. As of December 31, 2023, the company’s revenue from operations stood at Rs 313.31 crore. During this period, profit after tax (PAT) has also increased consistently, from Rs 1.92 crore in FY21 to Rs 23.22 crore in FY22 and Rs 34.98 crore in FY23.
Stanley Lifestyles has a retail presence across India, targetting various markets and improving its brand visibility.
Stanley Lifestyles is a vertically integrated furniture manufacturer with facilities in Bengaluru, Karnataka. It controls the entire process from raw material sourcing to production, design, and retail through both company-owned and franchise stores, ensuring comprehensive management of operations.
The company holds ISO 45001:2018 certification for Occupational Health and Safety Management Systems, ISO 9001:2015 for Quality Management Systems, and ISO 14001:2015 for Environmental Management Systems.
Stanley Lifestyles relies heavily on the sale of sofas and recliners. Any fluctuations in demand or a shift in consumer preference for these products could negatively affect its business.
A significant portion of Stanley Lifestyles' sales come from stores located in southern India. Any unfavourable changes impacting its operations in this region could negatively influence the company’s revenue and operational outcomes.
In FY21, FY22, and FY23, the percentages of revenue from the company’s top 5 corporate customers were 98.21%, 99%, and 99.90%, respectively. Any slowdown in business from this highly concentrated customer universe could negatively impact the company’s business.
The company undertakes contract manufacturing for some multinational home furnishing players and also produces leather automotive interiors for a large automobile company. Any slowdown in business from these companies could adversely affect the company’s business.
All of Stanley Lifestyles' company-owned, company-operated (COCO) stores are managed by its subsidiaries. Any problems with the operations of these stores could negatively affect their business.
Stanley Lifestyles has contingent liabilities amounting to ₹4.32 crore. If any of these liabilities materialise, it could adversely impact their financial condition.

Stanley Lifestyles Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Stanley Lifestyles IPO

Apply asPrice bandApply Range
Regular351 - 369Upto ₹2 Lakh
High Networth Individual351 - 369₹2 - 5 Lakh
For Stanley Lifestyles IPO, eligible investors can apply as Regular.