Stanley Lifestyles IPO

Stanley Lifestyles IPO: Subscription Soars 5.22 Times!

Luxury furniture brand Stanley Lifestyles IPO receives overwhelming response with 5.22 times subscription on the second day of bidding!

Stanley Lifestyles IPO has taken the market by storm as it garnered a subscription rate of 5.22 times the offer size. The luxury furniture brand's initial public offer witnessed a massive demand, with bids pouring in for 5.34 crore shares compared to the 1.02 crore shares on offer. Prior to the IPO opening, the company raised an impressive Rs 161.1 crore from 16 anchor investors on June 20. The strong response to Stanley Lifestyles IPO on the second day of bidding reflects investors' confidence in the brand's growth prospects.

Institutional buyers showed significant interest in Stanley Lifestyles' IPO, with 74% of subscriptions coming from this category. The grey market premium (GMP) for the IPO shares indicates a positive outlook, hinting at potential listing gains. This surge in subscription highlights the market's optimism towards Stanley Lifestyles' future performance.

The minimum bid requirement of 40 equity shares suggests a strong retail investor participation in the IPO. The overwhelming response received by Stanley Lifestyles underscores the brand's appeal and market positioning. With such high subscription rates and investor confidence, Stanley Lifestyles is poised for a successful market debut, setting the stage for potential listing gains.