Stove Kraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of "Pigeon" and "Gilima" brands and planning to manufacture value, premium, and semi-premium kitchen supplies under the "Black + Decker" brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products.
The company has a strong distribution network as under the "Pigeon" brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the "Gilima" brand, it has 65 stores across 4 states and 28 cities. It not just distribute its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.
Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit and the Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.
Competitive strength
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 4,984.99 | 4,712.91 | 4,257.26 | 3,936.42 | |
| Total Revenue | 3,295.09 | 6,729.14 | 6,425.98 | 5,345.85 | |
| Profit After Tax | 287.76 | 31.70 | 7.36 | (120.18) | |
The IPO proceed will be used for the following purposes;
| IPO Opening Date | Jan 25, 2021 |
| IPO Closing Date | Jan 28, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹384 to ₹385 per equity share |
| Market Lot | 38 Shares |
| Min Order Quantity | 38 Shares |
| Listing At | BSE, NSE |
| Issue 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) |
The Stove Kraft IPO open date is Jan 25, 2021, and the close date is Jan 28, 2021. The issue may list on Feb 5, 2021.
| IPO Open Date | Jan 25, 2021 |
| IPO Close Date | Jan 28, 2021 |
| Basis of Allotment Date | Feb 2, 2021 |
| Initiation of Refunds | Feb 3, 2021 |
| Credit of Shares to Demat Account | Feb 4, 2021 |
| IPO Listing Date | Feb 5, 2021 |
The Stove Kraft IPO market lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or ₹190,190).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 38 | ₹14,630 |
| Maximum | 13 | 494 | ₹190,190 |
| Pre Issue Share Holding | 61.31% |
| Post Issue Share Holding | 54.36% |
The Stove Kraft IPO is subscribed 18.03x times on Jan 28, 2021 05:00. The public issue subscribed 26.04x in the retail category, 8.02x in the QIB category, and 32.72x in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | IPO Subscription |
|---|---|
| QIB | 8.02x |
| NII | 32.72x |
| RII | 26.04x |
| Total | 18.03x |
| Listing Date | Friday, February 5, 2021 |
| BSE Script Code | 543260 |
| NSE Symbol | STOVEKRAFT |
| Listing In | B |
| ISIN | INE00IN01015 |
| IPO Price | ₹385 per equity share |
| Face Value | ₹10 per equity share |
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Stove Kraft Limited
81/1, Medamarana Halli Village
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112
Phone: +91 80 2801 6222
Email: cs@stovekraft.com
Website: http://www.stovekraft.com/
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: stovekraft.ipo@kfintech.com
Website: https://karisma.kfintech.com/
Stove Kraft IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹412.63 Crores. The issue is priced at ₹384 to ₹385 per equity share. The minimum order quantity is 38 Shares.
The IPO opens on Jan 25, 2021, and closes on Jan 28, 2021.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Stove Kraft IPO using UPI as a payment gateway. Zerodha customers can apply in Stove Kraft IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Stove Kraft IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Stove Kraft IPO opens on Jan 25, 2021 and closes on Jan 28, 2021.
Stove Kraft IPO lot size is 38 Shares and the minimum order quantity is 38 Shares.
You can apply in Stove Kraft IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Stove Kraft IPO will be done on Feb 2, 2021, and the allotted shares will be credited to your demat account by Feb 4, 2021. Check the Stove Kraft IPO allotment status.
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