LIFESTYLE BRANDS
Concierge services take off in India
The concierge services industry in India is witnessing significant growth, catering to diverse needs ranging from luxury purchases to everyday assistance. Companies like Indulge Global, RedBeryl, and Pinch are expanding their services to meet the demands of a wider customer base, including high net worth individuals (HNIs). These services cover a broad spectrum, from organizing exclusive events and securing rare items like Birkin bags to providing emergency assistance such as air ambulances or arranging safe returns after a night out.
Investors flock to new-age food brands; ecommerce sales report
Happy Wednesday! Investors are showing a strong appetite for new-age food brands, with notable investments and expansions taking place. This and more in today’s ETtech Morning Dispatch.
Who was Brandon Miller? How was real estate mogul related to Candice Miller of Mama + Tata? Details here
Real estate mogul Brandon Miller, husband of social media influencer Candice Miller of Mama + Tata, recently passed away at 43. He played a key role at REEC, contributing to over 20 million square feet of real estate development.
India is still a stock pickers' paradise, says Porinju Veliyath, lauds Raymond for full value unlocking
Porinju Veliyath stresses market correction readiness, noting Raymond’s stock's rise from Rs 300 in 2021 to Rs 3,100. Raymond's lifestyle, real estate, engineering segments, Maini Precision ties, and the Rs 7,000 crore demerger on the 11th are key. Promoter attitudes, stock picking fundamentals, valuation comparisons, and a bulk deal in related stocks are also discussed.
Should investors take a fresh bet on railway stocks just ahead of Budget? Gurmeet Chadha answers
I think you have to be selective here and probably differentiate between life and non-life insurers. If you see the June data, there are some green shoots. Even LIC has had 30% APE growth. APE is your annualized premium equivalent because a lot of policies are also sold as single premium or where the premiums are upfronted. HDFC Life reported a decent set of numbers.
Meghan Markle set to feature in this new Netflix series | All about it
In 2020, Meghan Markle and Prince Harry secured a $100 million deal with Netflix. The first project from this partnership was the documentary series "Harry & Meghan," followed by Prince Harry's sports documentary "Heart of Invictus”, and now Meghan is set to launch a new show.
- Go To Page 1
Stanley Lifestyles shares surge 9% after Morgan Stanley picks up over Rs 16 crore stake
Stanley Lifestyles aims for business doubling in major metros with a steady 20% annual growth rate, steering clear of small town expansions.
After a robust debut, Morgan Stanley picks up 3.5 lakh shares in Stanley Lifestyles for Rs 16.7 crore
The shares were acquired through a bulk deal at Rs 478.9 each. In the same transaction, Oman India Joint Investment Fund sold approximately 40.7 lakh shares, according to BSE data. Separately, on the NSE, Franklin Templeton Mutual Fund and Nippon India Mutual Fund purchased 11 lakh and 5 lakh shares in Stanley, respectively.
Stanley Lifestyles lists at 34% premium
The IPO consisted of a fresh issue of ₹200 crore and an offer for sale of 91.3 lakh shares aggregating to ₹337 crore on the upper price band. The offer was subscribed 96.98 times on its final day of bidding on June 25.
Stanley Lifestyles shares jump nearly 30% in debut trade
Shares of luxury furniture brand Stanley Lifestyles Ltd ended with a premium of nearly 30% on Friday, against the issue price of Rs 369. The stock started the trade at Rs 499, reflecting a jump of 35.23 per cent on the BSE.
Stanley Lifestyles to double business in next four years; expand in major metros: CMD
Stanley Lifestyles, a luxury furniture maker, focuses on major metros and aims to double business by localizing raw material production through European joint ventures, reducing import dependency.
Stanley Lifestyles shares list at 35% premium over issue price
Stanley Lifestyles' successful IPO debut and premium listing reflect its position as a leading luxury furniture brand. With strong financial backing and strategic partnerships, the company is poised for significant growth in the upscale furniture market.
Stanley Lifestyles IPO share allotment likely today. Check status, GMP, listing date and other details
Stanley Lifestyles, a luxury furniture brand in India, saw strong IPO response with 97 times oversubscription. The company plans to use the IPO proceeds for expansion and renovation of stores, showcasing growth in revenue and profit after tax.
Stanley Lifestyles IPO subscribed 96.98 times
The qualified institutional buyer (QIB) portion was subscribed 222.1 times, the non-institutional investor (NII) portion 119.52 times while the retail investor portion was subscribed 19.21 times.
Best branded formal shoes for men: Top picks for style, comfort, and durability
Explore the best branded formal shoes for men, featuring top-quality craftsmanship from renowned brands. This guide highlights the best options that blend elegance, comfort, and durability, making them perfect for business settings, formal events, and special occasions. Whether you prefer classic designs or modern styles, you'll find the ideal pair to enhance your wardrobe and make a sophisticated statement.
Stanley Lifestyles IPO booked nearly 97 times at close. Check GMP and other details
Stanley Lifestyles IPO showcases strong demand and oversubscription across investor categories, with analysts recommending subscribing for long-term growth. The company's unique market position, revenue growth, and strategic lead managers signal a promising future in the luxury furniture industry.
Stanley Lifestyles IPO booked 3.2 times so far on Day 2. Check GMP and other details
Stanley Lifestyles, a luxury furniture maker, saw its IPO oversubscribed 3.2 times on the second day. The net proceeds will fund store expansion and renovation.
Taller, stronger, sharper: Desi pharma is on a roll
The Avendus Capital report attributed the eye-catching growth of large Indian pharma brands to lifestyle diseases, prevalent quality issues that made doctors and customers rely more on big, well-known brands, along with aggressive sales and marketing push by pharma companies.
NCLT approves Raymond group entities’ strategic demerger, amalgamation
The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring, involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm. The approval paves the way for a focused and streamlined corporate structure, separating Raymond Ltd and Raymond Lifestyle, with the integration of Ray Global Consumer Trading. Shareholders will receive equity shares based on the swap ratio post-restructuring.
IPO Calendar: Primary market to see 9 new issues and 11 listings next week in post-election boom
Alongside new IPOs, 11 companies will be listed on the stock market, including Stanley Lifestyles, DEE Development Engineers, and Akme Fintrade. Both DEE Development Engineers and Akme Fintrade's public offerings were oversubscribed, indicating strong investor interest.
Stanley Lifestyles IPO: Issue oversubscribed at 1.43 times on day 1. Check GMP, other details
Stanley Lifestyles' IPO opened for subscription on Friday. It was oversubscribed at 1.43 times. The retail portion was subscribed 1.80 times on Day 1 while the quota available for non-institutional investors was booked 2.01 times.
Stanley Lifestyles IPO opens for subscription. Should you bid?
The net proceeds from the Stanley Lifestyles IPO will be used for expenditure for opening the new stores, anchor stores, and renovating existing stores. The current grey market premium of Stanley Lifestyles is Rs 150 in the unlisted market.
Stanley Lifestyles high on luxury quotient, raises Rs 161 cr from anchors
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
Stanley Lifestyles IPO: 10 things to know before subscribing to the issue
The initial public offering (IPO) of Stanley Lifestyles will open for subscription on June 21. The issue closes on June 25. Through the public offer, the company plans to raise around Rs 537 crore. Here are 10 things to know about Stanley Lifestyles IPO before subscribing to the issue.
Furniture firm Stanley Lifestyles' IPO opens June 21
The offer consists of a fresh issue of ₹200 crore and an offer for sale of up to 9,130,000 shares worth ₹337 crore by existing shareholders. Sunil Suresh and Shubha Sunil, promoters of Stanley, will sell 1.18 million shares each in the OFS portion of the IPO. Investor Oman India Joint Investment Fund II will also divest 5,545,000 shares in the IPO.
Mall developers see opportunity in tier 2 cities
Brands include H&M, Marks & Spencer, GAP and Tasva set up shop in cities like Indore, Mangalore, Patna, Ranchi, Mysore, and Coimbatore, according to data from real estate consultancy CBRE.
ABFRL Q4 Results: Net loss widens to Rs 266.35 crore YoY
Aditya Birla Fashion and Retail Ltd has reported a consolidated net loss of Rs 266.35 crore for the fourth quarter ended March 2024. The company had posted a net loss of Rs 194.54 crore during the January-March quarter a year ago, according to a regulatory filing from Aditya Birla Fashion and Retail Ltd (ABFRL).
Aditya Birla Fashion approves Madura business demerger into separate listed entity
Under the proposal, a vertical demerger of Madura Fashion and Lifestyle business will be executed and newly incorporated company named as Aditya Birla Lifestyle Brands Ltd will be listed separately on completion of the demerger from ABFRL. ABFRL plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter participation.
Load More
