Stove Kraft Limited IPO Message Board (Page 13)

The only thing good about this IPO is the 10% retail quota so retailers will escape becoming scapegoats but if Retail subscription is so less, who will subscribe..
If mutual funds subscribe, it is still indirectly retail money only, the money we have given to mutual funds to manage.

Retail always ahead to apply in all IPOs be they gold, diamond, bhangar, kachra or pure crap.

Aniketiaf sir
Your view on stove craft, apply or not

All Glitters are not gold......
Here is Pigeon, which is already of faded colours.

Thanks.

After knowing the view of your''s and Septa sir,I decided not to apply.
Keep guiding in future also sir.

Retail portion subscribed 2 times in 2 hours though the base is low (41.2 crores)

GMP 75 - 80

According to me, the premium of Stove Kraft expected to go up to Rs 175.

Thank you @eagleye madam,
Please update daily

Aadhar Housing finance files DRHP

@arunArun
This company lacks GOODWILL & that''s why keeps changing hands.SEE yes bank if you want to know more where 400 rs. and where just 15 Rs.

@arunARUN

you are right
Well said

@Admin
Aim for IPO subscription updates at minutes ending 3 or 8 as NSE gives data update for minutes ending 0 or 5

kya baat,subah subah dil khush kar diya, i have applied for 3 lots

http://stocksipo.info/IPO/1278/stove-kraft-limited

Nearly 58% of retail quota subscribed in just 20 minutes. 35% at NSE and 23% at BSE
Low retail quota is the reason for same

Where you are able to check?

Go to BSEINDIA.com click on public issue tab. Click on the IPO whose data you want to see
Similarly for www1.nseindia.com. Here on home page click on IPO

82% retail quota filled. This way by 11 o clock retail portion will cross 1 time though on small base of around Rs 41.2 crore portion out of nearly 412 crore issue

Lots of members are talking about cooking of financials in H1 FY 2020-21 in Stovecraft Limited. I had tried to understand the reason behind sudden spurt in profitability of the company. Major variations observed while comparing H1 FY 2019-20, Full FY 2019-20 & H1 FY 2020-21 are as under:-
1. sudden decline in other expenses- FY 17-18: 101.01 Cr, FY 18-19: 102.65 Cr, FY 19-20: 112.19, H1 FY 19-20 : 52.22 Cr but in H1 FY 20-21, it is only 38.01 Crore.
When i go in deep while reading notes to accounts, it is further observed that there is a steep decline in Business Promotion & Development Expenses from Rs. 31.62 Cr. (FY 19-20) to just 4.93 Cr. in H1 FY 20-21. I had not find any reason for this sudden reduction in Business Promotion & Development Expenses in RHP.
There are some small other expenses, which are also not in the line of past trend. i.e. Travelling and conveyance (reported sudden fall in H1 FY 20-21), legal and professional expenses and miscellaneous expenses (small decline),

If you realize that H1 FY 21 period was peak of covid then perhaps that can explain it.
If goods are selling on their own as lot of supply chains are crunched why spend money on business promotion

I am not getting the point , when there was a lockdown, supply chain stopped in Q1 FY 20-21 how they will be able to maintain sales momentum further business promotion and development expenses not halted for any other company. TV Media and Print Media is working as it is during lockdown.

Gmp update
IRFC Rs 0.5
Home first rs130
Stove craft rs 70
Indigo rs 850

If you have applied for IRFC PLSE NOTE: Applicants in IRFC may get lucky as I felt a few days back. Today Railways want two-digit growth in Railway Funding. This means if approved big chances for IRFC to arrange large funding means more profits. Number two Tax-free bonds are coming back in this budget, where IRFC is one of the major players are coming back. So don''t get disheartened by seeing 0.5 GMP in the medium-term it will prove a good investment.

For stovecraft ipo
I will decide on last day
So many negatively in previous years in data
Only +ve
Small issue
Better to sell and subscribe

Which is better for listing gain ?
Home First Finance or Stove Kraft ?

On percentage listing gain basis Stovekraft is better

Allotment will be much easier in HFFC then Stove and both may give some listing gains as per current trend.

applying in Stovecraft IPO or not ?

No one can guarantee listing gains but if you do have funds then take some risk and apply. Allotment will be difficult.

SBI is not showing the acceptance of this IPO application. Experts please let us know the reason behind this

Wait till 10 AM

Pigeon in the time of Bird Flu

Avoid

According to me, the premium of Stove Kraft expected to go up to Rs 175.

So u apply blindly any enjoy profit if alloted

Stove kraft ( pigeon ) is brand. IRFC ka refund pigeon me istamal hoga. 👍

Koi broker bhav ya premium khaa nahi raha. No price in Surendranagar.

Why you think irfc ka refund istamal hoga.ye kyu nahi soch rahe ho ke irfc allotment mil jaye.refund hi istamal karna he to koi bi ipo nai lagega...😅😅