Stanley Lifestyles Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
Stanley Lifestyles has filed its quarterly IPO fund utilization report for Q1 FY2026, confirming there has been no deviation or variation from the objects stated in the IPO prospectus dated 25 June 2024. The IPO (held 21–25 June 2024) raised Rs. 200 Crore (excluding OFS) with total issue size of Rs. 537.024 Crore including offer for sale. As of 30 June 2025, Rs. 71.901 Crore has been utilized, leaving Rs. 128.099 Crore unutilized. Key spend so far includes Rs. 16.19 Crore on new stores, Rs. 1.2 Crore on existing store renovation, Rs. 6.659 Crore on new machinery (fully utilized), and Rs. 32.036 Crore on general corporate purposes (mostly working capital). The unutilized Rs. 133.32 Crore is parked in 13 IndusInd Bank fixed deposits (Rs. 125 Crore) and the IPO escrow account (Rs. 8.32 Crore), earning Rs. 6.70 Crore in interest at 7.70–7.75%.
Positive signal — IPO funds are being used as planned with no deviations. However, the pace of utilization is slow, with only ~36% deployed after one year and anchor store spending (Rs. 39.99 Crore) yet to begin. Delays in new store rollouts and renovation may temper growth expectations, though idle funds are earning healthy FD returns.