Stanley Lifestyles IPO sets price band at ₹351-369 apiece; check issue, key dates, more
₹351 to ₹369 per equity share of the face value of ₹2 each. The Stanley IPO date of subscription is scheduled for Friday, June 21, and will close on Tuesday, June 25.
The allocation to anchor investors for the Stanley Lifestyles IPO will take place on Thursday, June 20.The floor price is 175.50 times the face value of the equity shares and the cap price is 184.50 times the face value of the equity shares. Bids can be placed for a minimum of 40 equity shares and in multiples of 40 equity shares after that.The price to earnings ratio based on basic and diluted EPS for fiscal 2023 at the upper end of the price band is as high as 57.93 as compared to price to earnings ratio of Nifty 50 index as on June 12, 2024 is 22.18, the company said in an advertisement on The Financial Express.Also Read: ixigo IPO allotment status out.
Latest GMP, how to check application status for Le Travenues Technology sharesAccording to the RedSeer Report, Stanley Lifestyles is a super-premium and luxury furniture brand in India, and one of the few home-grown super-premium and luxury consumer brands in India that operates at scale in terms of production and retail. Furthermore, in terms of revenue, they are the fourth largest player in India's home furnishings category for Fiscal 2023.Stanley IPO has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.Tentatively, Stanley Lifestyles IPO basis of allotment of shares will be finalised on Wednesday, June 26, and the company will initiate refunds on Thursday, June 27, while the shares will be credited to the demat
. Read more on livemint.com
