Regulatory14 May 2026, 06:01 pm
Stanley Lifestyles: No Deviation in IPO Fund Utilization
AI Summary
Stanley Lifestyles Ltd reports no deviation or variation in the utilization of IPO funds for the quarter ended March 31, 2026, as per Regulation 32(1) of SEBI (Listing). ICRA Limited, the Monitoring Agency, confirmed that the utilization of IPO proceeds aligns with the objects stated in the Prospectus dated June 25, 2024. The net proceeds from the IPO have increased to ₹183.937 crore due to a reduction in actual issue-related expenses. The report is available on the company's website.
Key Highlights
- Stanley Lifestyles confirms no deviation in IPO fund utilization as of March 31, 2026.
- ICRA Limited's monitoring report indicates alignment with IPO prospectus objectives.
- Net IPO proceeds increased to ₹183.937 crore due to reduced issue expenses.
- The statement of deviation is available on the company's website.
- Issue size (Rs. Crore): 537.024
Price Impact
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