Stove Kraft Limited IPO Message Board (Page 14)

This is an average ipo.gmp is 2000 or 3000

Stay away from this ipo.
Too much high price.

All RHP data is audited. No issue can come to market with audit data older than 6 months.
Any wrong statement in RHP can mean penalty point for merchant bankers
If any one knows that company has given false statement then they must write to SEBI highlighting that
IT is better than generally making vague statements.
You can go to SEBI even after the issue basis annual audited results or any time within 3 years to even make claim of loss if you were misled due to RHP data

There are 70510 forms reserved for retail+hni investors. Only 70510*38=26.79 lakhs shares (~103 Cr Rs) will be available for trading on listing day because remaining 75% allotted quota of QIB and Anchor will be locked in for 30 days.

So, there may be huge operator game in this share for the first 1 months. Then most of QIB will start selling shares and this script will fall gradually. Similar pattern I have observed in Bectors and antony.

If someone subscribe, sell it within 1 month.

@arun sir
Please check antony price in moneycontrol app in nse exchange. On 22 jan it hit 250.90. You may check it on NSE official website.

Although on the same day it hit 296 in BSE but in NSE it was much lower

You are right. Stand corrected.
However lowest touch point difference between two exchanges suggest that bottom at NSE had no meaning as person selling at 250 also had choice to sell at BSE at 296 around
So these kind of saudas have no meaning

Gmp of stove craft is 80 - 85 rs

Same was observed in Happiest Minds IPO also...

Stove Kraft Ltd, manufacturer of kitchen appliances, has raised a little over Rs 185 crore from anchor investors ahead of its initial public offer, which will open for subscription on Monday.

A total of 48,22,290 shares have been allotted to 32 anchor investors at Rs 385 apiece, which is the upper end of the price band. At this price, the company raised Rs 185.68 crore, according to a BSE circular issued late evening on Friday.
Among the anchor investors are Goldnan Sachs India, Nippon Life India Trustee, Bajaj Allianz Life Insurance Company, IIFL Special Opportunities Fund,Integrated Core Strategies Asia Pte Ltd and Sundaram Mutual Fund. Stove Kraft''s initial share-sale offer comprises a fresh issue of equity shares aggregating up to Rs 95 crore and an offer for sale of up to 82.50 lakh equity shares.

off the topic .

I have received dividends in the form of cheques , but since lockdown i couldnt go to my hometown ,

its been more than 6 months .... how to go about it ? is there any solution ?

Alternative route,

You should write email to registrar mentioning your folio number and ask them to send neft mandate form. You take mandate form print out, fill up your bank details, attach your pan and aadhaar self attested copy, cancelled Bank cheque leaf and send this to registrar address.

You will get credit of your unclaimed amount through neft. In future, company will automatically credit the dividend amount direct to your bank account through neft. You don''t need to deposit cheques in future.

thank you @arun @nfornandkishor ... it helped me ... thanks for the guidance

Bogus company. All his electronic appliances/ goods are made in China. E.g. induction stove, electronic comments, home appliances under the brand decker are all Chinese manufactured goods. The only products he manufactures are the cookers under pigeon brand. Avoid this ipo due to nationalist sentiments and also due to poor governance.

You are right even I have visited their Baddi site. They are involve in only repackaging. It was clear that the factory was meant only to encash sez tax subsidy. The company is worthless and the issue is

THE ONLY THING THAT MATTERS IS COMPANY SHOULD KEEP EARNING.

STILL REPACKAGING OR CHINA FACTOR IS NOT CONSIDERED SO IMPORTANT TO INSTITUTIONAL INNESTORS LIKE ESG PARAMETERS.

SO NOT A BIG DEAL IF COMPANY TAKE CHINA''S HELP OR DO REPACKAGING, CUSTOMERS MUST BE SATISFIED AND COMPANY MUST MAKE PROFITS.

AS SIMPLE AS THAT.

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

⚠️ A BIG NO to this IPO ☠️

Agree.. ain''t these number subjected to audit before filing for the IPO!?

Stovekraft entered a licensing agreement with Black+Decker to sell the latter''s products in the Indian market.. .we can accept listing gain from this ipo.

90-95 grey premium

100 - 110

latest gmp plz for all 3 ipos

GMP:- Rs 0.00

IMO IT SHOULD BE DISCOUNT WORST IPO OF THE DECADE

Form
https://www.lkpsec.com/AjaxPages/AjaxCreatepdf.aspx?srno=160402

⚓
Mutual funds only 3
Sundaram
Nippon
Mirae


Other than mutual funds

Ashoka india
Goldman
Iifl
Bajaj
Cohesion
Abbakus
Elara
Unifi
Integrated core
Carnelian


Few of names I am hearing first time

All are good ones

https://www.financialexpress.com/market/ipo-news/stove-kraft-ipo-issue-opens-for-anchor-investors-grey-market-premium-jumps-26-check-price-band/2176215/lite/

https://m.moneycontrol.com/hi//news/fundamental-market-outlook/rally-expected-to-intensify-sensex-to-go-up-to-75000-in-a-year-amisha-vora_253105.html?type=top_news

Anchor Investors

https://www.bseindia.com/markets/MarketInfo/DispNoticesNCirculars.aspx?page=20210122-45

https://www1.nseindia.com/products/content/equities/ipos/ipo_current_stovekraft.htm

Anchor list please?

Anchor sayad aaye nahi...

https://www.bseindia.com/markets/MarketInfo/DownloadAttach.aspx?id=20210122-45&attachedId=b549716b-08be-4629-88b6-b514d89b3bc7