Stove Kraft IPO
Mainboard₹14,630 / 38 Shares
Stove Kraft IPO Details
The Stove Kraft IPO price band is set between ₹384-385 per equity share, with a face value of ₹10 per share. The issue is managed by KFintech Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 25 Jan, 2021 and closes on 28 Jan, 2021. Investors can check the allotment status on 3 Feb, 2021, while the listing date is tentatively scheduled for 5 Feb, 2021.
The total issue size is [.] Eq Shares of ₹10 , aggregating up to ₹412.63 Cr. Stay tuned for the latest Stove Kraft IPO review and GMP updates.
Stove Kraft IPO Review, Rating & Analysis
Stove Kraft IPO Review
NO REVIEWStove Kraft IPO Rating
Stove Kraft IPO Highlights
IPO Date
Jan 25, 2021 - Jan 28, 2021
Listing Date
5 Feb, 2021
Face Value
₹10 Per Equity Share
Price Band
₹384-385 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Stove Kraft IPO Lot Size
The minimum market lot for Stove Kraft IPO is 38 shares with an application amount of ₹14,630. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹1,90,190 |
| S-HNI (Min) | 14 | 532 | ₹2,04,820 |
| S-HNI (Max) | 68 | 2584 | ₹9,94,840 |
| B-HNI (Min) | 69 | 2622 | ₹10,09,470 |
Stove Kraft IPO Timeline
Issue Price
₹384-385 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
KFintech Private LimitedLead 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)Stove Kraft 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.
Promoters & Share Holding
Promoter(s) Name
- Rajendra Gandhi
- Sunita Rajendra Gandhi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 61.31% | 54.36 |
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 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 |
Frequently Asked Questions about Stove Kraft IPO IPO
When will Stove Kraft IPO open for subscription?
The Stove Kraft IPO opens on 25 Jan, 2021 and closes on 28 Jan, 2021.
What is the investors portion for Stove Kraft IPO?
The investors' portion for QIB is 8.02 x, NII is 32.72, and Retail is 26.04 x.
How to apply for Stove Kraft IPO?
You can apply for Stove Kraft IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Stove Kraft IPO?
The issue size of Stove Kraft IPO is approx ₹[.] 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) crores.
What is the price band of Stove Kraft IPO?
The price band for Stove Kraft IPO is ₹384 to ₹385 per equity share.
What is the lot size of Stove Kraft IPO?
The minimum bid (lot size) for Stove Kraft IPO is N/A shares with an investment of approx ₹14,630 .
What is the allotment date of Stove Kraft IPO?
The allotment date for Stove Kraft IPO is 3 Feb, 2021.
What is the listing date of Stove Kraft IPO?
The listing date for Stove Kraft IPO is expected to be 5 Feb, 2021.
What is the GMP of Stove Kraft IPO?
The latest Grey Market Premium (GMP) for Stove Kraft IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.