How To Check Stanley Lifestyles IPO Allotment Status

Stanley Lifestyles which opened on Friday, June 21 and closed on Tuesday, June 25 will finalise the IPO allotment status today, Wednesday, June 26. The public offering comprises a fresh issue and an offer for the sale of 9,133,454 equity shares by the promoters and shareholders.

If you applied for the IPO, here is how you can check the Stanley Lifestyles IPO allotment status.

Checking Allotment Status on Registrar's Website:

Follow these steps to check the Stanley IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Stanley Lifestyles" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Click Submit to retrieve the Stanley IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Stanley Lifestyles" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Stanley Lifestyles IPO allotment status will be visible.

See Also: Nothing To Watch? Anand Mahindra Recommends This Period Drama On Disney Hotstar

Stanley IPO Subscription Status

On the final day of bidding, the Stanley Lifestyles IPO has seen a robust response from investors, with a total subscription of 96.98 times. The non-institutional investors' portion is subscribed 119.52 times, while the retail investors' category has received 19.21 times subscription. The Qualified Institutional Buyers (QIBs) have subscribed 222.10 times to their designated portion.

The IPO's allocation structure reserves 50% of the shares for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 35% for Retail Investors, ensuring a broad investor base.

Stanley IPO GMP

The Stanley Lifestyles IPO's GMP is currently reported at ₹163. This is a drop from the ₹177 reported yesterday at the close of bidding. With the IPO's price band set at ₹369, the expected listing price is ₹532, indicating a potential gain of approximately 44% on the listing. However, it's crucial to remember that while GMPs can offer some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

Stanley IPO Details

Stanley Lifestyles’ IPO aims to raise funds for opening new stores and purchasing new machinery. The company plans to open 24 stores in Delhi, Tamil Nadu, Telangana, and Maharashtra through its subsidiaries between 2025 and 2027. Before the IPO launch, Stanley Lifestyles secured over ₹161 crores from anchor investors.

Shares are scheduled for allotment on June 26, with listing on the BSE and NSE set for June 28. Founded in 2007, Stanley Lifestyles designs and manufactures super-premium, luxury, and ultra-luxury furniture under the brand "Stanley."

Read Next: How A 26-Year-Old Indian Who Never Went To College Made An App Bought By WordPress For ₹416 Cr

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
Posted In: NewsIPOsStanley Lifestyles