Stanley Lifestyles Ltd - IPO

Stanley Lifestyles Ltd IPO Details

Initial public offer of 14,553,508 equity shares of face value of Rs. 2 each (Equity Shares) of Stanley Lifestyles Limited (Company or Issuer) for cash at a price of Rs. 369 per equity share (including a share premium of Rs. 367 per equity share) (Offer Price) aggregating up to Rs. 537.02 crores comprising a fresh issue of 5,420,054 equity shares aggregating up to Rs. 200.00 crores by the company (Fresh Issue) and an offer for sale of 9,133,454 equity shares aggregating up to Rs. 337.02 crores (Offered Shares) by the selling shareholders, comprising 1,182,000 equity shares aggregating to Rs. 43.62 crores by Sunil Suresh and 1,182,000 equity shares aggregating to Rs. 43.62 crores by Shubha Sunil (collectively the Promoter Selling Shareholders), up to 5,544,454 equity shares aggregating to Rs. 204.59 crores by Oman India joint investment fund ii, acting through its trustee oman india joint investment fund trustee company private limited, represented by its investment manager, oman india joint investment fund - management company private limited (Oman India joint investment fund ii) (the Investor Selling Shareholder), and 1,000,000 equity shares aggregating to Rs. 36.90 crores by Kiran Bhanu Vuppalapati, and 225,000 equity shares aggregating to Rs. 8.30 crores by Sridevi Venkata Vuppalapati (collectively Individual Selling Shareholders) (the promoter selling shareholders, the investor selling shareholder and the individual selling shareholders, collectively referred to as the Selling Shareholders) (Offer for Sale, together with the fresh issue, the Offer). The face value of equity shares is Rs. 2 each. The offer price is 184.50 times the face value of the equity shares.

Objective of issue

Expenditure for opening the new tores. Expenditure for opening the anchor stores. Expenditure for renovation of the existing stores. Funding the capital expenditure requirements for purchase of new machinery and equipment by the company and its material subsidiary SOSL. General corporate purposes.

Stanley Lifestyles Ltd Contact Details

Stanley Lifestyles Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - investors@stanleylifestyles.com

Website - www.stanleylifestyles.com