On the last day of bidding for the Stanley Lifestyles IPO, the issue was subscribed 96.98 times led by Institutional investors who subscribed to the issue 222.1 times. Non-institutional investors (NII) subscribed 119.52 times and Retail investors subscribed to the issue 19.21 times.
The luxury furniture manufacturer's Rs 537-crore maiden share sale consists of a fresh issue of Rs 200 crore and an offer for sale of up to 91.3 lakh equity shares, amounting to Rs 337 crore. The IPO was open for subscription from June 21 to June 25. The IPO price band was between Rs 351 to Rs 369 per share. Retail investors needed a minimum investment of Rs 14,760 for 40 shares.
The allotment for Stanley Lifestyles IPO is expected to be finalised on Wednesday, June 26.
Investors can check Stanley Lifestyles IPO allotment status on official website of the registrar for IPO, Kfin Technologies Limited and on the BSE website.
How to check Stanley Lifestyles IPO allotment status on Kfin Technologies
Visit the Kfin Technologies website here: https://ris.kfintech.com/ipostatus/.
Click on any of the links displayed to view IPO Allotment Status.
Choose "Stanley Lifestyles Limited" from the drop-down list. (Name will be populated once the allotment is finalised).
Choose one of the three options: Application number, Demat Account number, or PAN ID.
Enter your application number or PAN or DPID.
Complete the 'captcha'.
Click "Submit" button.
View your allotment details.
Download/print the allotment status for your records.
How to check Stanley Lifestyles IPO allotment status on BSE
Go to the official BSE website here: https://www.bseindia.com/investors/appli_check.aspx
Select the issue type as 'Equity.'
Choose "Stanley Lifestyles Limited" from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the "Search" button to view your allotment status.
Download or print the allotment status for your records.
Stanley Lifestyles IPO Listing Date
Shares of Stanley Lifestyles Limited are set to be listed on BSE and NSE on Friday, June 28.
Stanley Lifestyles IPO Timeline
Basis of Allotment: Wednesday, June 26
Initiation of Refunds: Thursday, June 27
Credit of Shares to Demat: Thursday, June 27
Listing Date: Friday, June 28
Investors who were successfully allotted the shares of the company will have their demat accounts credited on June 27. The refund procedure will begin on Thursday, as soon as the allotment is finalised.
Stanley Lifestyles IPO Subscription Details
Subscription Day 3:
Total Subscription: 96.98 times.
Institutional investors: 222.1 times.
Non-institutional investors: 119.52 times.
Retail investors: 19.21 times.
Subscription Day 2:
Total Subscription: 5.22 times.
Institutional investors: 0.74 times or 74%.
Non-institutional investors: 8.85 times.
Retail investors: 6.10 times.
Subscription Day 1:
Total Subscription: 1.43 times.
Institutional investors: 0.30 times or 30%.
Non-institutional investors: 2.01 times.
Retail investors: 1.80 times.
About Stanley Lifestyles Limited
Stanley Lifestyles began its journey by providing car seat leather upholstery services for prominent global automotive brands before evolving into a luxury furniture retailer in India. SLL retails its products under the "Stanley" brand and has built strong brand recognition and customer loyalty through the quality of its products, targeted marketing strategies, and advertising campaigns like "Beautiful Living," "Design Glamour," "Luxury Unlimited," and "Bed of Dreams." The company values its customers as brand ambassadors, generating publicity through testimonials, endorsements, and word-of-mouth advertising.
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