"We cater to the premium-luxury segment, our products are priced on the higher side which is why we would like to stick to selling offline as it suits better to the customer. They also always like to come to the store to have a look and feel of the product before purchasing," Stanley Lifestyles MD said.
The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders.
The IPO with a face value of Rs 2 consists of a fresh issue of up to Rs 200 crore and an offer for sale (OFS) of up to 9.13 million by the promoter and other selling shareholders.
The company may also consider a pre-IPO placement aggregating up to Rs 40 crore and if such placement is completed, the size of the fresh issue will be reduced.