Stanley Lifestyles Ltd IPO

About Stanley Lifestyles Ltd.

Stanley Lifestyles, a well-known Indian furniture brand renowned for its premium and luxury offerings, holds the position of the fourth-largest home furniture brand in revenue for the fiscal year 2022. With a history spanning around three decades in the home décor and lifestyle industry, the company started its first retail store in Bangalore, Karnataka, in 2011, where its headquarters are situated.

With a dedicated and diverse team hailing from various corners of the nation, Stanley Lifestyles operates from two cutting-edge facilities in Electronic City and Jigani Link Road, equipped with state-of-the-art technology and machinery.

The company invests significantly in comprehensive training programs for its artisans. This investment ensures that the manufactured products align with the esteemed quality standards of Italy, France, and Germany.

In addition to its core brand, Stanley Lifestyles operates several subsidiaries, including Stanley Leisure, Stanley Personal, Stanley Level Next, Stanley Boutique, and Sofas and more.

Over the years, Stanley’s retail presence has seen significant growth. As of June 30, 2023, they are managing 34 'company-owned and company-operated' (COCO) stores and 21 'franchisee-owned and franchisee-operated' (FOFO) stores spread across 22 cities. 

The company also introduced varied store formats, namely "Stanley Level Next" and "Sofas & More by Stanley," all housed within a single location. This innovative setup allowed potential customers to immerse themselves in the complete "Stanley" brand experience, all conveniently located under one roof.

The global luxury furniture market is expected to experience growth from around $22.78 billion in 2023 to approximately $33.31 billion by 2030, with a compounded annual growth rate (CAGR) of approximately 5.57% throughout the projected period. 

This expansion is attributed to the rise in the national Gross Domestic Product (GDP) and the significant economic progress witnessed in India over the past decade, which has given rise to a burgeoning upper-middle-class segment with a discernible appetite for luxury and premium real estate. 

As a consequence of the upsurge in sales within the luxury and premium housing sectors of more than 130%, consequently, the growth of high-end furniture is poised to achieve a CAGR of 4%.

Stanley Lifestyles Limited IPO Details

Stanley Lifestyles Limited IPO Date

The exact dates are yet to be announced.

Stanley Lifestyles Limited IPO's Price Band

The exact price band is yet to be announced.

Stanley Lifestyles Limited IPO’s Lot Size

The exact lot size is yet to be announced.

Stanley Lifestyles Limited IPO’s Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. Allocating funds for the establishment of new retail outlets under the banners of "Stanley Level Next," "Stanley Boutique," and "Sofas & More by Stanley".
2. Budgeting for the launch of flagship stores.
3. Allocating resources for the enhancement and modernisation of the existing retail establishments operating under the brands "Stanley Level Next," "Stanley Boutique," and "Sofas & More by Stanley".
4. Securing financial resources to meet the capital investment needs associated with the acquisition of new machinery and equipment for both the company and subsidiary, Stanley OEM Sofas Limited.
5. Utilising funds for general corporate purposes.

How To Check the Allotment Status of Stanley Lifestyles Limited’s IPO?

Steps to check IPO allotment status on Angel One’s app:

• Log in to the Angel One app
• Go to the IPO Section and then to IPO Orders
• Select the individual IPO that you had applied for and check the allotment status.
• As such, Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Stanley Lifestyles Limited

Registered office: SY No. 16/2 and 16/3 Part, Hosur Road, Veerasandra Village, Attibele Hobli, Anekal Taluk, Bengaluru, Karnataka 560 100, India

Contact Person: Akash Shetty (Company Secretary and Compliance Officer)

Phone: + 91 80 6895 7200

E-mail: investors@stanleylifestyles.com