Stanley Lifestyles IPO listing is today. All those bidders who have invested their money in this company would now be looking to see what the real-world gains they will get. Today is D-day and they will soon find out whether they picked a winning horse. However, before that happens, Stanley Lifestyles IPO GMP today will provide a sneak peek at what is expected to happen. Even though there is nothing official about it, the grey market premium does serve as a weather vane of sorts indicating which way a particular stock is going on listing day. The company is a luxury furniture brand.
Stock markets: High Spirits
The stock markets have been flying with the Sensex hitting new highs indicating high spirits in the investing community in India. Not just in India, but globally, there has been a surge in equity demand even though there may have been hiccup episodes like the one that hit India at the beginning of June. However, recovery was quick.
Stanley Lifestyles IPO GMP today
Stanley Lifestyles saw robust investor interest as its initial public offering (IPO) was oversubscribed. In fact, the recent trend indicates that most of the IPOs that have come to collect funds in the stock markets, have been oversubscribed multiple times.
Stanley Lifestyles IPO GMP today is Rs 173. With a price band of Rs 369 it indicates a listing price of Rs 542 apiece for the stock. That is a likely whopping gain of 46.88%.
Stanley Lifestyles IPO listing is set to happen on both Bombay Stock Exchange and National Stock Exchange.
Stanley Lifestyles IPO
Totaling Rs 90.13 crore, Stanley Lifestyles IPO proceeds will be used for expansion purposes including new store openings. The company has allocated as much as Rs 39.99 crore for anchor stores and Rs 10.04 crore for renovating existing stores. It has fixed a sum of Rs 8.18 crore towards capital expenditures for new machinery and equipment.
Stanley Lifestyles IPO details
Stanley Lifestyles IPO allotment date: June 26, 2024.
Price band: ₹351 to ₹369 each, with a face value of ₹2 per share.
IPO is a fresh issue of up to Rs 200 crore and an offer for sale of up to 91,33,454 equity shares
Axis Capital, ICICI Securities, JM Financial, and SBI Capital Markets are the lead managers for the offer.
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Stanley Lifestyles IPO GMP today ahead of listing is a whopping Rs 173. In effect, it is eying massive gains on listing as per the grey market. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
