Stanley Lifestyles IPO listing date today. GMP, experts see share listing price at robust premium

livemint.com:

Stock market experts are predicting a robust premium for the Stanley Lifestyles IPO listing price, given the overwhelming response from primary market investors. Positive sentiments on Dalal Street are also expected to bolster the bull's sentiment regarding Stanley Lifestyles' share listing.

The grey market is also indicating a strong debut of Stanley Lifestyles shares, with shares available at a premium of ₹169 today.Speaking on the expected Stanley Lifestyles listing price, Akriti Mehrotra, Research Analyst at StoxBox, said, "Stanley Lifestyles Limited is set to make a strong market debut on Friday after receiving an overwhelming response during its subscription phase. The company is anticipated to list with a 40% to 45% premium to its issue price of 369 per share."Reiterating the reason for the strong debut of Stanley Lifestyles shares, the StoxBox expert said, "As a prominent luxury furniture brand in India, Stanley has a robust retail presence and plans to expand further by opening new stores domestically and internationally.

The company aims to diversify its product portfolio across various categories, leveraging design-led innovation and strategic urban placements to strengthen its leadership in the luxury furniture sector amidst urbanization and rising disposable incomes." This reassures the audience of the company's strong position in the market and its potential for growth.Asked about the possible Stanley Lifestyles IPO listing price range, Amit Goel, Co-Founder and Chief Global Strategist at Pace 360, said, “The issue appears aggressively priced, based on the FY24 annualized earnings. We expect a listing at around ₹540 to ₹550 per share, resulting in a listing gain of around 47 percent."On the possible premium