Stanley lifestyle shares above 35% List: Its issue price was ₹ 369, the company makes ultra-wooden furniture

Stanley Lifestyle Limited shares listed at ₹ 499 above 35% on Bombay Stock Exchange (BSE). At the same time, 34.13% premium on the National Stock Exchange (NSE) was listed at ₹ 494.95. The issue price of this initial public offer i.e. IPO was ₹ 369.

This IPO was open for retail investors from June 21 to June 25. In three days, this issue was totaling 97.16 times subscribed. In retail category, this issue was 19.08 times, qualified institutional buyers (QIB) 215.62 times and 121.42 times subscribed in non-institutional investors (NII) category. This issue of Limited was ₹ 537.02 crore. For this, the company has issued 5,420,054 new shares worth ₹ 200 crore. At the same time, the current investors of the company have sold 9,133,454 shares of ₹ 337.02 through the Offer for Sale. -₹ 369 was fixed. Retail investors could do bidding for minimum for 40 shares i.e. 40 shares. If you apply for 1 lot at the rate of ₹ 369, the upper prize band of the IPO, then ₹ 14,760 would have been invested for it. Were. For this, investors would have to invest ₹ 191,880 according to the upper prize band. Was. Apart from this, 35% of retail investors and the remaining 15% of the remaining were reserved for non-institutional investors (NII). -Theljari designs and manufactures furniture. The company was established in 2007. Stanley Lifestyles Limited makes a variety of products in different categories. This includes other products including sofa, seating furniture, coffee table, dining table, wardrobe, utility cupboard, shoe rack, bedside table. If issues for it, it is called Initial Public Offering i.e. IPO. The company needs money to increase business. In such a situation, instead of taking loans from the market, the company raises money by selling some shares to public or issuing new share. For this, the company brings IPO.