Stanley Lifestyles reports IPO proceeds deviation for Q3 2025

Stanley Lifestyles Limited reported on November 11, 2025, that its net IPO proceeds increased to INR 183.937 crore as of September 30, 2025. This increase is attributed to a reduction in actual issue-related expenses by INR 2.852 crore, from an initial amount raised of INR 181.085 crore. The IPO fund-raising date was June 28, 2024.

The company's monitoring agency, ICRA Limited, confirmed no deviation or variation in the use of funds raised, with the exception of the general corporate purposes category. While the original allocation for general corporate purposes was INR 34.269 crore, the modified allocation increased to INR 37.121 crore, with INR 33.216 crore utilized. This revision is due to issue-related expenses being lower than estimated by INR 2.852 crore.

Other key allocations included INR 90.127 crore for opening new stores, INR 39.990 crore for opening anchor stores, and INR 10.040 crore for renovating existing stores. The company utilized INR 62.000 crore for new stores and INR 1.200 crore for renovating existing stores, with no utilization reported for anchor stores. An allocation of INR 6.659 crore for capital expenditure on new machinery and equipment saw full utilization.