Stanley Lifestyles Limited has announced that there were no material deviations in the utilization of funds raised through its Initial Public Offer (IPO) for the quarter ending September 30, 2025. The report, submitted by the monitoring agency ICRA Limited, confirms that the proceeds from the IPO, amounting to INR 183.937 crore, have been utilized in accordance with the objectives stated in the offer document. The monitoring agency noted that the actual issue-related expenses were reduced by INR 2.852 crore, leading to an increase in net proceeds from the original estimate.

The IPO, which took place from June 21 to June 25, 2024, had a total issue size of INR 537.024 crore. This included an offer for sale and net proceeds of INR 200 crore after accounting for issue-related expenses. The report indicates that all expenditures have adhered to the disclosures made in the offer document, with no changes in the means of financing or any unfavorable events impacting the viability of the objects outlined. Furthermore, it confirms that no major deviations have been observed compared to earlier monitoring reports.

The monitoring report serves to assure investors that Stanley Lifestyles is maintaining transparency and compliance with regulatory standards set by the Securities and Exchange Board of India (SEBI). The company, which operates in the Consumer Discretionary sector, is committed to ensuring that the funds raised are directed appropriately towards its growth objectives, including the opening of new stores and renovations of existing locations. As the company moves forward, it aims to enhance its market presence while ensuring responsible financial practices.