ICRA confirms no deviation in Stanley Lifestyles IPO fund usage
STANLEY · price
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On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 2.8 pts more than its Furniture Home Furnishing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Stanley Lifestyles IPO (June 2024) had net proceeds of Rs 183.94 crore. ICRA's monitoring report for Q3 FY2026 confirms no deviation from stated objects as of Dec 2025. Of Rs 200 crore gross, Rs 122 crore utilised: Rs 64.26 crore for new stores, Rs 6.66 crore for machinery (fully done), Rs 33.83 crore for general purposes. Rs 78 crore unutilized parked in fixed deposits earning 6.25 to 7.70 percent. Anchor store work yet to start.
Routine compliance update; no deviation signals disciplined IPO fund usage. Neutral to mildly positive for the stock.