Stanley Lifestyles share price makes a stellar debut, stock opens with 34% premium at ₹494.95 apiece on NSE

Market experts anticipated Stanley Lifestyles stock terms to unfastened successful the scope of ₹540 to ₹550 apiece.

Also Read: Stanley Lifestyles IPO listing day today. GMP, experts spot stock listing terms astatine robust premium

According to BSE data, 96.98 subscriptions person been received for the luxury furnishings institution Stanley Lifestyles' archetypal nationalist offering (IPO) connected Tuesday, June 25, the past time of subscriptions. While 119.52 subscriptions were obtained for the non-institutional capitalist quota, 222.10 subscriptions were made for the qualified organization purchaser (QIB) portion. There were 19.21 times arsenic galore subscriptions to the retail idiosyncratic capitalist (RII) quota. The pricing set for the Stanley Lifestyles archetypal nationalist offering (IPO), which launched connected Friday, June 21, was acceptable astatine ₹351-369.

Stanley Lifestyles, based successful Bengaluru, is 1 of the fewer Indian businesses that uses its galore brands to run successful a assortment of pricing points, including super-premium, luxury, and ultra-luxury. In Bengaluru, the steadfast runs 2 accumulation sites.

Also Read: Stanley Lifestyles IPO to database connected the bourses tomorrow; here's what GMP, subscription presumption awesome up of listing

Stanley IPO details

Stanley Lifestyles IPO, comprises a caller contented of ₹200 crore, and an offer-for-sale (OFS) of 9,133,454 equity shares by the promoters and shareholders.

Sunil Suresh and Shubha Sunil, the promoter selling shareholders, would each merchantability up to 1,182,000 equity shares successful the OFS. Oman India Joint Investment Fund II (5,544,454 equity shares), Sridevi Venkata Vuppalapati (225,000 equity shares), and Kiran Bhanu Vuppalapat (1,000,000 equity shares) are the different selling shareholders.

More stores volition beryllium opened and caller machinery and instrumentality volition beryllium purchased utilizing the wealth raised from the caller issuance. Through its subsidiaries ABS Seating Pvt Ltd, Sana Lifestyles Ltd, Stanley Retail Ltd, Shrasta Décor Pvt Ltd, and Staras Seating Pvt Ltd, the concern intends to unfastened 24 caller shops successful Delhi, Tamil Nadu, Telangana, and Maharashtra betwixt 2025 and 2027.

Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book-running pb managers for the Stanley IPO. Kfin Technologies Limited is the registrar.

Also Read: Stanley Lifestyles IPO closes today: latest GMP, review, subscription status, cardinal dates. Should you subscribe?

Stanley Lifestyles IPO GMP today

Stanley IPO GMP contiguous is +173. This indicates Stanley Lifestyles stock terms were trading astatine a premium of ₹173 successful the grey market, according to investorgain.com.

Taking into information the precocious extremity of the IPO pricing set and the existent premium connected the grey market, Stanley Lifestyles' anticipated IPO listing terms was projected astatine ₹542 per share, which is 46.88% higher than the IPO terms of ₹369.

The past sixteen sessions' worthy of grey marketplace enactment suggests that the IPO GMP is rising and that a beardown listing is expected. According to expert estimates connected investorgain.com, the top GMP is ₹173, and the lowest GMP is ₹0.

'Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

Also Read: Stanley Lifestyles IPO Day 3: GMP, subscription presumption to review. Apply oregon not?

Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decision.

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Published: 28 Jun 2024, 10:00 AM IST