Quarterly Updates14 May 2026, 05:51 pm
Stanley Lifestyles: Deviation Statement for Quarter Ended March 2026
AI Summary
Stanley Lifestyles Ltd filed a statement of deviation/variation for the quarter ended March 31, 2026, regarding the use of IPO proceeds. The company raised ₹181.085 crore through its IPO, which increased to ₹183.937 crore due to reduced issue-related expenses. ICRA Limited is the monitoring agency. There was no deviation or variation in the use of funds. Funds were allocated to investments in subsidiaries for new stores, anchor stores, renovation of existing stores, capital expenditure for machinery, and general corporate purposes. As of March 31, 2026, ₹122.008 crore has been utilized, with ₹77.992 crore remaining unutilized.
Key Highlights
- Stanley Lifestyles reports no deviation in IPO fund utilization for Q4 2026.
- IPO raised ₹181.085 crore, increasing to ₹183.937 crore due to lower issue expenses.
- ICRA Limited is monitoring the use of IPO proceeds.
- ₹122.008 crore utilized out of IPO proceeds as of March 31, 2026.
- Revision in general corporate purpose is on account of actual issue related expenses being lower than estimated by ₹2.852 crore.
Price Impact
More from STANLEY