Stanley Lifestyles IPO to hit D-Street today; check GMP, review, and other key details. Should you apply or not?

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₹161.10 crore. Stanley Lifestyles IPO has established a price band of ₹351 to ₹369 per equity share with a face value of ₹2.

The Stanley IPO date of subscription will conclude on Tuesday, June 25. Bids can be made for a minimum of 40 equity shares and multiples of 40 equity shares thereafter.Stanley IPO has reserved 50% of the shares for qualified institutional buyers (QIB), 15% for non-institutional institutional investors (NII), and 35% for retail investors.Also Read: Stanley Lifestyles IPO: Furniture maker garners ₹161.10 crore from anchor investors ahead of public issueAccording to the RedSeer Report, Stanley Lifestyles is an Indian super-premium and luxury furniture brand, as well as one of the few home-grown super-premium and luxury consumer companies that operate on a large scale in terms of both production and retail.

Furthermore, in terms of sales, they are the fourth largest player in India's home furnishings sector for fiscal year 2023.The firm has no listed counterparts in India or abroad, making it hard to compare and analyse its financial performance to other companies in the same industry.According to the brokerage's forecast, they are the fourth largest revenue player in India's home furnishings category in fiscal 2023. On the valuation perspective, the firm is richly priced at a P/E of 60x post-equity share issuance on an FY23 earnings basis, and it has no publicly traded peers."We believe that company has a scope of business improvement on the back of industry tailwinds, brand recall and business scalability.