Stanley Lifestyles IPO
Stanley Lifestyles Limited (STANLEY) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 28 June 2024.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +61.3% (likely range +42% to +103%), day's high +70.7%, chance of a gain 97%. Actual: +34.1% at the open, +38.0% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 28,25,777 | 62,75,98,200 | 222x | |
| NII (HNI) total | 22,24,719 | 26,58,90,200 | 120x | |
| Big NII (above ₹10 lakh) | 14,83,146 | 19,90,13,360 | 134x | |
| Small NII (₹2-10 lakh) | 7,41,573 | 6,68,76,840 | 90.2x | |
| Retail | 51,91,011 | 9,97,41,760 | 19.2x | |
| Total | 1,02,41,507 | 99,32,30,160 | 97.0x |
Bids on NSE and BSE together, as published by NSE, as of 25 Jun 2024, 07:00 PM. Shares offered exclude the anchor portion. 9% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Stanley Lifestyles's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| DEE Development EngineersJun 2024 | 202x | 144x | 23.4x | 99.6x | ₹431 Cr | +67.0% | +80.2% |
| Netweb Technologies IndiaJul 2023 | 229x | 81.8x | 19.2x | 90.4x | ₹625 Cr | +89.4% | +90.4% |
| Azad EngineeringDec 2023 | 180x | 87.6x | 23.8x | 80.7x | ₹751 Cr | +37.4% | +38.7% |
| Aeroflex IndustriesAug 2023 | 195x | 126x | 34.4x | 97.1x | ₹352 Cr | +75.9% | +81.8% |
| Vishnu Prakash R PungliaAug 2023 | 172x | 111x | 32.0x | 87.8x | ₹309 Cr | +66.7% | +66.7% |
| Harsha Engineers InternationalSep 2022 | 178x | 71.3x | 17.6x | 74.7x | ₹794 Cr | +36.4% | +59.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| ICICI Securities | 109 | +21.3% | 69% |
| JM Financial | 109 | +22.8% | 75% |
| SBI Capital Markets | 56 | +16.7% | 61% |
Offer documents (NSE)
Frequently asked
What is the Stanley Lifestyles IPO price band and lot size? ₹351–369 per share, with a lot of 40 shares, so the smallest retail bid is ₹14,760.
How many times has it been subscribed? 97.0x overall: QIB 222x, NII 120x, retail 19.2x.
How did it list? It opened at ₹495, +34.1% against the issue price of ₹369, and closed its first day +28.7%.
