Stanley Lifestyles IPO review: 'Must apply,' says market guru Anil Singhvi

Stanley Lifestyles IPO review: The IPO of luxury furniture brand Stanley Lifestyles opened for subscription today, June 21. The Rs 537-crore initial public offering (IPO), with a price band of Rs 351 to Rs 369 per share, will conclude on June 25. 

Stanley Lifestyles IPO review: Should you apply or not? 

Zee Business Managing Editor Anil Singhvi suggested investors must apply to the issue for listing gains and for the long term. The market guru has identified the following key points about the Stanley Lifestyles IPO:

Positives:

• Experienced and professional management
• In a good spot to grab the India growth story
• Strong financial growth
• No litigation

Negatives:

• Limited market in metro and big cities
• Competitions from unorganised sector
• 80% of revenue from South India
• Imports 65% raw material from outside India

Stanley Lifestyles IPO: Here are key details to know

Stanley Lifestyles IPO IPO allotment date

The basis of the allotment of shares under the IPO of Stanley Lifestyles is set to be finalised on June 26. 

Stanley Lifestyles IPO listing date

The Stanley Lifestyles IPO stock is likely to be listed in the secondary market on Friday, June 28. The equity shares of the company will be listed on BSE and NSE.

Stanley Lifestyles IPO lot size

The minimum lot size for an application is 40 shares. The minimum amount of investment required by retail investors is Rs 14,877. Read more 

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