Stanley Lifestyles IPO: GMP, subscription status to key risks - 10 key things to know

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₹537.02 crore, comprising a fresh issue and an offer-for-sale.The Bengaluru-based furniture maker raised over ₹161.10 crore from anchor investors on Thursday ahead of its initial public offering.Stanley Lifestyles is a super-premium and luxury furniture brand in India involved in manufacturing and retail operations.Experts point out that in FY23, it was the fourth-largest revenue-generating player in the home furniture segment in India.Stanley Lifestyles is among the first few Indian companies in the super-premium and luxury furniture segment and one of the few Indian companies present across various price points, such as super-premium, luxury and ultra-luxury segments, through its various brands.Here are ten key points about Stanley Lifestyles and its IPO:A book-built issue of ₹537.02 crores, Stanley Lifestyles IPO combines a fresh issue and an offer-for-sale (OFS) by its promoters and shareholders. It comprises a fresh issue of ₹200 crore and an OFS of 91,33,454 shares, aggregating to ₹337.02 crore.The promoter-selling shareholders under the OFS are Sunil Suresh and Shubha Sunil, who will offload up to 11.82 lakh shares each.

The investor-selling shareholders are Oman India Joint Investment Fund II, which will sell 5,544,454 shares in the OFS, Kiran Bhanu Vuppalapat, who will sell 10 lakh equity shares, and Sridevi Venkata Vuppalapati, who will sell 2.25 lakh shares.Axis Capital Limited, ICICI Securities Limited, JM Financial, and SBI Capital Markets are the book-running lead managers of Stanley IPO. KFin Technologies Limited is the issue's registrar.With a price band set at ₹351-369 per share, the IPO opened for subscription on Friday, June 21 and will close on Tuesday, June 25.Up to 50 per cent of the offer is