Stanley Lifestyles IPO Fund Use: No Deviation Reported

Stanley Lifestyles Limited has filed its Statement of Deviation/Variation in the use of proceeds from its Initial Public Offering (IPO) for the quarter ended September 30, 2026. The company reported no deviation or variation in the utilization of IPO funds. The net proceeds increased to INR 183.937 crore from the initially raised INR 181.085 crore, primarily due to lower-than-estimated issue-related expenses. The funds were allocated across investment in subsidiaries for store openings and renovations, machinery and equipment, and general corporate purposes. The monitoring agency for the IPO proceeds is ICRA Limited.