Stanley Lifestyles debuted at a 34 percent premium on the NSE, listing at Rs 494.95 compared to the issue price of Rs 369.

Stanley Lifestyles IPO, a book-built issue, aims to raise Rs 537.02 crores. The offering includes a fresh issue of 0.54 crore shares, totalling Rs 200 crores, and an offer for sale of 0.91 crore shares, amounting to Rs 337.02 crores.

The bidding for Stanley Lifestyles IPO commenced on June 21 and concluded on June 25. The allotment was finalised on June 26.

The IPO price band was set between Rs 351 - Rs 369 per share.

Stanley Lifestyles' IPO witnessed significant demand from retail and non-institutional investors on the third and final day of bidding, June 25. The Rs 537-crore IPO achieved a subscription rate of 96.98 times, with investors bidding for 99.32 crore equity shares as against the total offer size of 1.02 crore equity shares.

Axis Capital Ltd, ICICI Securities Ltd, JM Financial Ltd, and SBI Capital Markets Ltd are the book-running lead managers for the IPO. Kfin Technologies Ltd serves as the registrar for the issue.

Founded in 2007, Stanley Lifestyles is a prominent luxury furniture brand in India. It stands out as one of the few homegrown brands operating at scale in manufacturing and retail within the super-premium and luxury segments. The company markets its furniture products under the "Stanley" brand.

Stanley Lifestyles operates two manufacturing facilities, both located in Bengaluru, Karnataka: one in Electronic City and the other on Bommasandra Jigani Link Road.