Stove Kraft IPO
Mainboard₹14,630 / 38 Shares
IPO Details
Stove Kraft IPO IPO is priced between ₹384-385 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the Mainboard, and KFintech Private Limited is managing the issue as the registrar.
The IPO bidding period opened on 25 Jan, 2021, and closed on 28 Jan, 2021. The allotment results will be announced on 3 Feb, 2021, with a tentative listing date set for 5 Feb, 2021.
The total issue comprises [.] Eq Shares of ₹10 , amounting to ₹412.63 Cr.
Stove Kraft IPO IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Jan 25, 2021 - Jan 28, 2021 | 5 Feb, 2021 | ₹10 Per Equity Share | ₹384-385 per equity share | - | Shares | - | BSE, NSE |
Stove Kraft IPO IPO Timeline
Issue Price
₹384-385 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedMarket Lot
38 Shares (₹14,630/-)Lead Manager
Edelweiss Financial Services Ltd,JM Financial Consultants Private LimitedIssue Size
[.] Eq Shares of ₹10 (aggregating up to ₹412.63 Cr)Fresh Issue [.] Eq Shares of ₹10 (aggregating up to ₹95.00 Cr)Offer for Sale 8,250,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)Retail Portion
10%Subscription
18.03 timesStove Kraft IPO IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 30 Sept 20 | 498.49 | 329.50 | 28.77 | - | - | - |
| 31 Mar 20 | 471.29 | 672.91 | 3.17 | - | - | - |
| 31 Mar 19 | 425.72 | 642.59 | 0.73 | - | - | - |
| 31 Mar 18 | 393.64 | 534.58 | (12.01) | - | - | - |
All values are in ₹ Cr.
About Company
Stove Kraft Limited are engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under their Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively. They are kitchen solutions and an emerging home solutions brand. Further, they are one of the leading brands for kitchen appliances in India and are one of the dominant players for pressure cookers and a market leader in the sale of free standing hobs and cooktops .
Their kitchen solutions comprise of cookware and cooking appliances across their brands, and their home solutions comprise various household utilities, including consumer lighting, which not only enables us to be a one stop shop for kitchen and home solutions, but also offer products at different pricing points to meet diverse customer requirements and aspirations.
The Company is promoted by Rajendra Gandhi and Sunita Rajendra Gandhi and is the guiding force behind the growth and strategic decisions of the Company.
Stove Kraft IPO IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 32,15,260 | 16,07,629 | 10,71,753 | 58,94,642 |
| Day 1 - 25-01-21 05:00 PM | 0.00 x | 0.05 | 5.37 x | 0.99 x |
| Day 2 - 27-01-21 05:00 PM | 0.08 x | 1.85 | 13.07 x | 2.92 x |
| Day 3 - 28-01-21 05:00 PM | 8.02 x | 32.72 | 26.04 x | 18.03 x |
Stove Kraft IPO IPO - Issue Objectives
- To make the repayment or prepayment payment of company's borrowings fully or partially
- To meet general corporate purposes.