Stanley Lifestyles IPO Day 2: Check GMP and Subscription Status – Is It a Good Investment?

The IPO of Stanley Lifestyles Limited started on June 21, 2024, and will close on June 25, 2024. The IPO has received a strong response from investors, fully subscribing on the first day. In the grey market, Stanley Lifestyles shares are trading at a premium of ₹172.

Stanley Lifestyles IPO GMP

Market observers report that the grey market premium (GMP) for Stanley Lifestyles’ IPO today is ₹172, which is ₹12 higher than the weekend GMP. The GMP indicates the price at which IPO shares are trading in the grey market, suggesting potential listing gains. Positive sentiments in the secondary market and strong subscription status could be driving this increase in GMP. Although Indian stock indices ended lower on Friday, any rise in these indices could boost the IPO’s performance further.

Stanley Lifestyles IPO Subscription Status

After the first day of bidding, the IPO was subscribed 1.43 times. The non-institutional investor (NII) portion was subscribed 2.01 times, the qualified institutional buyer (QIB) segment 0.30 times, and the retail portion 1.80 times. By 11:24 AM on the second day, the overall subscription had increased to 2.75 times, with the retail portion at 3.53 times, the NII portion at 4.04 times, and the QIB portion still at 0.30 times.

Stanley Lifestyles IPO Review

Experts have given positive reviews for the Stanley Lifestyles IPO. The company, a leader in premium and luxury furniture, has strong growth potential with its well-known brand and manufacturing-retail model. The rising demand for premium furniture supports the company’s future prospects. Plans for brand renovation and expansion are expected to boost business further. At the upper price band of ₹369, the issue is valued at a PE ratio of 84.4x based on FY24 TTM EPS of ₹4.4. Experts recommend subscribing for listing gains due to its promising growth outlook.

Expert Recommendations

Geojit Finance and other financial institutions like Arihant Capital, Anand Rathi, Indsec Securities, Reliance Securities, Sushil Finance, and Swastika Investment have all recommended applying for the Stanley Lifestyles IPO. They cite the company’s strong brand, growth potential, and favorable market trends as reasons to subscribe.

Overall, the consensus among experts suggests that the Stanley Lifestyles IPO is a good investment opportunity, both for listing gains and long-term growth.