Stanley Lifestyles IPO share allotment likely today. Check status, GMP, listing date and other details

Stanley Lifestyles will likely finalise the share allotment on Wednesday after receiving a strong response for its IPO. The issue was booked nearly 97 times, driven by heavy demand from institutional investors.

Investors can check the status of their share allotment on the BSE or even by logging in to the registrar website.

Firstly, here's how you can know the status on BSE


Step 1: Visit the BSE Website (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Please select the issue name, that is the company's name in the drop down.

Step 3: Enter the application number or PAN number to check the allotment status.

To check the status of Stanley Lifestyles IPO allotment through the registrar, which is Kfin Technologies in this case, kindly follow the below steps.

Step 1: Visit the Kfin Technologies website (https://rti.kfintech.com/ipostatus/)

Step 2: Select Stanley Lifestyles IPO

Step 3: Enter the PAN details and click search to know the status

Stanley Lifestyles GMP

In the unlisted market, the company's shares are trading with a premium of Rs 170. This compares with an IPO price of 369, indicating a gain of 46% on listing day, which is fixed as June 28.

The net proceeds from the fresh issue will be used for expenditure for opening the new stores, opening the anchor stores and for renovation of existing stores.

Stanley Lifestyles is a super-premium and luxury furniture brand in India and among the few home-grown super-premium and luxury consumer brands in India operating at scale in terms of manufacturing as well as retail operations.

The company retails its furniture products under the Stanley brand with a wide range of home solutions offerings, such as sofas, arm chairs, kitchen cabinets, beds, mattresses and pillows, amongst others.

In FY23, the company's revenue from operations grew to Rs 69.51 crore from Rs 67.44 crore in the preceding financial year. Meanwhile, profit after tax jumped multifold to Rs 15.80 crore from just Rs 4.12 crore a year earlier.

Axis Capital, ICICI Securities, JM Financial and SBI Capital Markets are the book running lead managers for the IPO and Kfin Technologies is the registrar.

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