Stanley Lifestyles shares lists with 34% premium on NSE, at Rs 494.95

Stanley Lifestyles opened on the NSE at Rs 494.95, a 34% premium over its issue price, reflecting strong investor confidence and a positive market debut for the luxury furniture brand.
Stanley Lifestyles shares lists with 34% premium on NSE, at Rs 494.95

Stanley Lifestyles made a strong market debut on the NSE, opening at Rs 494.95, which is a 34% premium over its issue price of Rs 369. This robust initial trading reflects positive investor sentiment and confidence in the company’s potential.

On its final bidding day, Stanley Lifestyles’ IPO saw substantial interest, reaching a subscription rate of 96.98 times. Investors placed bids for 99.32 crore equity shares, far exceeding the offer size of 1.02 crore shares for the Rs 537-crore IPO.

Stanley, a leader in India’s super-premium and luxury furniture market, ranks fourth in home furniture revenue across various luxury segments. Known for its “Stanley” brand, the company fosters customer loyalty through high-quality products and campaigns like “Beautiful Living.” It operates an extensive network of stores across India, ensuring top-tier craftsmanship and design.

Stanley Lifestyles Limited aims to expand by opening and renovating stores, and funding new machinery for manufacturing enhancements. The IPO proceeds will also support general corporate purposes, including strategic expansion and operational expenses.

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