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Stanley Lifestyles gets Sebi's nod to float IPO

07 Dec 2023 Evaluate

Stanley Lifestyles has received the Securities and Exchange Board of India’s (SEBI's) approval to float an initial public offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 200 crore and an OFS component of 91.33 lakh equity shares by the company's promoters, investor and other shareholders. The equity shares are proposed to be listed on the BSE and NSE.

Proceeds from the fresh issue to the tune of Rs 90.13 crore will be used by the company for opening the new stores, Rs 39.99 crore expenditure for opening the anchor stores and Rs 10.04 crore expenditure for renovation of existing stores. Additionally, funds to the tune of Rs 8.18 crore for funding the capital expenditure requirements for purchase of new machinery and equipment by the company and its material subsidiary, SOSL (Stanley OEM Sofas Ltd), and for general corporate purposes. 

Stanley Lifestyles is a luxury furniture brand with a market share of 5.61 per cent in terms of revenue. It is also among the few home-grown luxury consumer brands in the country operating at scale in terms of manufacturing as well as retail operations. 


Stanley Lifestyles Share Price

134.80 6.75 (5.27%)
10-Apr-2026 16:59 View Price Chart
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