This IPO will open today, the grey market is indicating strong profits

New Delhi. The IPO of Stanley Lifestyles Limited, a company that manufactures super-premium, luxury and ultra-luxury furniture, will open today i.e. on June 21. Bids can be made for the shares of this IPO till June 25. In this issue of Rs 537.02 crore, 5,420,054 new shares worth Rs 200 crore will be issued. At the same time, the existing investors of the company will sell 9,133,454 shares worth Rs 337.02 crore through Offer for Sale (OFS). The company’s shares will be listed on NSE and BSE on June 28. In the gray market, the unlisted shares of Stanley Lifestyles IPO are trading at a 41 percent premium.

Stanley Lifestyles Limited has fixed the price band of this issue at ₹351-₹369. Retail investors can bid for at least one lot i.e. 40 shares. In this way, if an investor applies for 1 lot as per the upper price band of ₹369 of the IPO, then he will have to invest ₹14,760. A retail investor can apply for a maximum of 13 lots i.e. 520 shares. For this, he will have to invest ₹191,880.

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35% reserved for retail investors
50% of the Stanley Lifestyles IPO has been reserved for Qualified Institutional Buyers (QIB). Apart from this, about 35% is reserved for retail investors and 15% is reserved for non-institutional investors (NII).

Gray market is giving indication of profits
The unlisted shares of Stanley Lifestyles IPO are getting a good response in the grey market. According to IPOwatch, a website that keeps an eye on the grey market, today the shares of Stanley Lifestyles IPO are trading at a premium of Rs 150 or 41 per cent. In such a situation, according to the upper price band of ₹ 369, its listing can be done at ₹ 519. However, it is not necessary that if the shares of an IPO are trading at a premium in the grey market, then their listing in the stock market will also be at a premium. Only an estimate can be made from the grey market, the price of the listing of the share may be different from the price of the grey market.

Company Profile
Founded in 2007, Stanley Lifestyles designs, manufactures and sells a range of products such as luxury sofas, seating furniture, coffee tables, dining tables, wardrobes, utility cupboards, shoe racks, bedside tables. The company also designs and manufactures shoes and seat covers for car brands. The company has 24 stores in 21 cities across India. Revenue for the period ended December 31, 2023 was Rs 322.29 crore and profit after tax was Rs 18.70 crore.

(Disclaimer: The information given here is for information only. Since investment in IPO is subject to market risk, please consult a certified investment advisor before investing. AyraNews24x7 Hindi will not be responsible for any loss you may incur.)

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