Stanley Lifestyles IPO to list on the bourses tomorrow; here's what GMP, subscription status signal ahead of listing
demat accounts will be done today, Thursday, June 27. In addition, the process of refunding shares to individuals who have not yet received them will be completed today.On Tuesday, June 25 the final day of subscriptions, the luxury furniture firm Stanley Lifestyles' initial public offering (IPO) received 96.98 subscriptions, as per BSE data.
The subscription for the qualified institutional buyer (QIB) part was 222.10 times, but the non-institutional investor quota received 119.52 subscriptions. The retail individual investor (RII) quota received 19.21 times as many subscriptions.
The Stanley Lifestyles IPO, which opened on Friday, June 21, set the price band in the range of ₹351-369.Also Read: Stanley Lifestyles IPO GMP indicates 44% premium: Here's how to check allotment statusIn the Stanley IPO, 15% of the shares have been allocated for non-institutional institutional investors (NII), 35% are designated for retail investors, and 50% are reserved for qualified institutional buyers (QIB).Arun Kejriwal, the founder of Kejriwal Research and Investment Services, claims that Stanley Lifestyles Ltd specialises in high-end custom furniture, with sofas and recliners accounting for around 55–57% of the company's sales. This company has a modest income of ₹400 crore, several showrooms spread throughout several metropolises, and so on.
Although we claim that disposable income is growing and so on, the company's production abilities are all there, and it produces high-end items, but it doesn't appear to be translating into that type of revenue.Also Read: Stanley Lifestyles IPO closes today: latest GMP, review, subscription status, key dates. Should you subscribe?On the other hand, investors consider the market opportunity as well
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