1.Company Information
Founded in 2007, Stanley Lifestyles Limited designs and manufactures super-premium, luxury and ultra-luxury furniture and sells it through its brand "Stanley".
The company's product list can be divided into the following categories:
1.Seating: This includes the design, production and sale of seating furniture such as sofas, sofa beds, recliners, dining chairs, poufs, bar stools, and cushions.
2.Cased goods: These products have a solid casing, usually made of wood; they include coffee tables, dining tables, end tables, and consoles.
3.Kitchens and cabinets: These include kitchens and cabinetry products in a variety of materials, finishes, and styles. These include kitchens, wardrobes, laundry/utility cupboards, bar cabinets, shoe racks, prayer cupboards, and bedside tables.
4.Mattresses and beds: This includes the design, manufacture, and sale of a range of bed frames, mattresses, pillows and accessories
2. Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1.Expenditure for opening new stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("New Stores");
2.Expenditure for opening anchor stores ("Anchor Stores");
3.Expenditure for the renovation of existing stores under the formats of "Stanley Level Next", "Stanley Boutique" and "Sofas & More by Stanley" ("Existing Stores");
4.Funding the capital expenditure requirements for purchasing new machinery and equipment by the company and Material Subsidiary, SOSL; and
5.General corporate purposes.
3.Stanley IPO Registrar
Kfin Technologies Limited
Phone:04067162222, 04079611000
Email: sll.ipo@kfintech.com
Website:Website:https://kosmic.kfintech.com/ipostatus/