The Initial Public Offering of Stanley Lifestyles Limited was subscribed 95.75 times after receiving an overwhelming response from all the categories of investors on the final day of bidding.
Qualified Institutional Buyers or QIBs Portion were at the forefront, picking 222.10 times the reserved portion, making it the highest for fiscal 2023 followed by Non-Institutional Investors (high net worth individuals) portion with 117.96 times after the part set aside for them. Retail investor portion was booked 17.46 times.
The issue received bids of 98,06,42,680 shares against the offered 1,02,41,507 equity shares, at a price band of ?351-369, according to the data available on the stock exchanges.
Axis Capital Limited, ICICI Securities Limited, JM Financial Limited, and SBI Capital Markets Limited are the book running lead managers and KFin Technologies Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE. |
