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Stove Kraft Limited IPO (Stove Kraft IPO) Detail

Jan 25, 2021 - Jan 28, 2021

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

  • One of the largest kitchen appliance company in India.
  • Diversified product portfolio.
  • Strong brand name.
  • Strong distribution network.
  • Well-equipped manufacturing facility.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (โ‚น 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)

Objects of the Issue:

The IPO proceed will be used for the following purposes;

  • To make the repayment or prepayment payment of company's borrowings fully or partially
  • To meet general corporate purposes.

Stove Kraft IPO Details

Stove Kraft IPO Date Jan 25, 2021 to Jan 28, 2021
Stove Kraft IPO Face Value ₹10 per share
Stove Kraft IPO Price ₹384 to ₹385 per share
Stove Kraft IPO Lot Size 38 Shares
Issue Size[.] shares of ₹10
(aggregating up to ₹412.63 Cr)
Fresh Issue[.] shares of ₹10
(aggregating up to ₹95.00 Cr)
Offer for Sale8,250,000 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Company PromotersRajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.

Stove Kraft IPO Timeline (Tentative Timetable)

Stove Kraft IPO opens on Jan 25, 2021, and closes on Jan 28, 2021. The Stove Kraft IPO bid date is from Jan 25, 2021 10.00 A.M. to Jan 28, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Stove Kraft IPO Opening Date Jan 25, 2021
Stove Kraft IPO Closing Date Jan 28, 2021
Basis of Allotment Feb 2, 2021
Initiation of Refunds Feb 3, 2021
Credit of Shares to Demat Feb 4, 2021
Stove Kraft IPO Listing Date Feb 5, 2021

Stove Kraft IPO Lot Size

The Stove Kraft IPO 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
Minimum 1 38 ₹14,630
Maximum 13 494 ₹190,190

Stove Kraft IPO Promoter Holding

Pre Issue Share Holding 61.31%
Post Issue Share Holding 54.36%

Stove Kraft IPO Review

If we consider H1 FY 21 (IPO year) super earnings, the issue appears fully priced. Sustainability of such performance going forward is a major concern. If we consider FY20 performance, the issue is priced aggressively. Due to losses for FY18, it had opted for higher QIB portion in IPO. Perhaps the company has hurried for its IPO plan to encase boom in the secondary market. Considering all these, cash surplus, risk savvy investors may consider investment at their own risk. Read detail review...

New Stove Kraft IPO Recommendation by Members

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Stove Kraft IPO Subscription Status (Bidding Detail)

The Stove Kraft IPO is subscribed 18.03 times on Jan 28, 2021 5:00:00 AM. The public issue subscribed 26.04 times in the retail category, 8.02 times in the QIB category, and 32.72 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB8.02
NII32.72
Retail26.04
Total18.03

Stove Kraft IPO Prospectus

Stove Kraft IPO Rating

1232
3.8
Rating:Rated 3.8 stars
Vote Here ...

Stove Kraft IPO Listing Date

Listing Date Friday, February 5, 2021
BSE Script Code 543260
NSE Symbol STOVEKRAFT
Listing In B Group of Securities
ISIN INE00IN01015
IPO Price ₹385 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹385.00
₹467.00
₹435.05
₹495.55
₹445.95
NSE
₹385.00
₹498.00
₹435.00
₹498.00
₹445.95

Company Contact Information

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/

Stove Kraft IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: stovekraft.ipo@kfintech.com
Website: https://karisma.kfintech.com/

Stove Kraft IPO FAQs

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 share. The minimum order quantity is 38 Shares.

The IPO opens on Jan 25, 2021, and closes on Jan 28, 2021.

KFin Technologies 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Stove Kraft IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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 .

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.

The Stove Kraft IPO listing date is on Friday, February 5, 2021.
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Stove Kraft IPO Message Board

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718 Comments

305. ganesh jaiswal |   Link |Feb 12, 2021 9:05:58 PM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
Aniket ji,
EIL AR is 63.7% precisely. Just got contract note.
Thanks
305.1. Aniketiaf |   Link |Feb 13, 2021 9:30:00 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Badhai ! ๐Ÿ‘

Thanks.
304. DDM |   Link |Feb 5, 2021 9:01:11 PM
Can any one advice me about.
I applied in stove Kraft IPO 1 lot .
I applied 3 applications ,each one is NOT ALLOTED.
But still blocked amount still not unblocked.
I applied SBI ONLINE ASBA.
Can any one help?
I mailed to kfintech for unblocking these amount.
Personally talked on toll free number .
He says wait till Monday/Tuesday.
Is this the case to be believed?
Pl comment
304.1. Ashish Khater |   Link |Feb 7, 2021 3:22:41 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Yes it will get unblocked automatically.

Ashish Khater

304.2. Demon |   Link |Feb 9, 2021 8:31:58 PM
Amount released hua apka?
303. sonal patel |   Link |Feb 6, 2021 7:21:11 PM
IPO Guru IPO Guru (1400+ Posts, 5400+ Likes)
The government has started the process of initial public offering of WAPCOS Limited where it will sell 25% stake
303.1. ganesh jaiswal |   Link |Feb 8, 2021 3:05:22 PM
IPO Guru IPO Guru (1000+ Posts, 600+ Likes)
WAPCOS work for Ministry of Jal shakti is almost alike of what Engineers India do for Ministry of Petroleum. Consultancy
302. Rahul Popat |   Link |Feb 5, 2021 7:36:10 AM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Expected listing near 450

Advisable to hold with trailing Stop loss of rs25
302.1. Dr.strange |   Link |Feb 5, 2021 10:18:13 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
@IPOSUSPENSE kiska popat hua ..dekhle pehle
302.2. Rahul Popat |   Link |Feb 5, 2021 11:49:24 PM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
@Dr.strange thanx

Avoid the depressed people.

I share my view based on market sentiment in every ipo.

Who like view then follow.

No one perfect. If anyone perfect then why ipo ? By regular trading can earn big profit. This thing is not accept by any one
301. Aniketiaf |   Link |Feb 5, 2021 9:25:18 AM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Finally, Gained handsomely by shorting.
Shorted 480, covered 440
301.5. mailashish |   Link |Feb 5, 2021 4:14:49 PM
Aniket Sir:
I placed the order as given below in SBI CAP SEC:
Order : Intraday; Sell Order ; Qty 1 @ market Price
Desired amount already kept under Lien

But order rejected stating Rule RMS.
God knows what is happening?
301.6. Malan |   Link |Feb 5, 2021 4:39:15 PM
New ipo
300. Naru |   Link |Feb 5, 2021 9:00:02 AM
Hello All,
Can anyone help me on this. Im not getting refund of the amount.
Below message has received for me.

SMS:
"Hello! UPI Manadate could not be revoked. "


Thanks,
Naresh.
300.1. Naru |   Link |Feb 5, 2021 9:02:59 AM
"Hello! UPI Manadate could not be revoked.
"
300.2. Bourgeois Babu |   Link |Feb 5, 2021 2:53:21 PM
Certain banks may not complete revocation until the mandate end date. You may raise a request with your bank to release funds anytime after allotment date in case you have not received allotment of shares.
299. frenchi |   Link |Feb 5, 2021 9:33:15 AM
Ipo ke sab forum me kuchh logo ko baad karke(2-3) kisiko kuchh pata nahi hota only mene BOLA THA.COM...har koi fekata hi jaa raha he...homefirst ka listing or stovekraft uska proof he...khud kya karna he khud socho dusaro ke bharose na raho...3/11 kisika na mankar maja aaya

discl. Glandpharma 8/8
298. Chem cho |   Link |Feb 5, 2021 9:21:44 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
also breaks Rs 440

likely to test Rs 428
297. Chem cho |   Link |Feb 5, 2021 9:15:29 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
if it breaks Rs 460
then 450
296. krupa |   Link |Feb 5, 2021 9:11:21 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Gmp 65/70 tha and open 113 rs up
Very good listing gain almost 4000
295. MehulStk |   Link |Feb 5, 2021 9:08:12 AM
Top Contributor Top Contributor (200+ Posts)
Sold at 485
294. PRIMARY MARKET LEARNER |   Link |Feb 5, 2021 4:54:48 AM
As Retail Portion is 10%, Surprise Listing is Possible. If Listing as Per GMP ( 85-90 Rs ) One Can Hold With a Stoploss of 450 For The Target of 500+.
But If It Opens Around 425 Then Sell for An Nominal Profit. Negetive Listing is Not anticipated as Per Market Condition.
294.1. PRIMARY MARKET LEARNER |   Link |Feb 5, 2021 8:56:39 AM
Listed As per GMP, There is A Difference of 30 Rs In NSE and BSE , So That Is Clear Someone Want To Buy at Higher Side. Make Or Brake Level 500
As New Retailers will Not come On this Rate so now It''s Game Of HNIs.
Enjoy the Ride ๐Ÿš€๐ŸŽข
293. Roxpatel |   Link |Feb 5, 2021 8:49:57 AM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Good listing 498
292. lekker |   Link |Feb 5, 2021 8:47:51 AM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
good listing better than expected , as RII portion was limited, operator can move this stock easily .
good listing than HFFC.
291. krupa |   Link |Feb 5, 2021 8:47:21 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Open 498
290. krupa |   Link |Feb 5, 2021 8:47:14 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Open 498
289. PRIMARY MARKET LEARNER |   Link |Feb 5, 2021 8:43:47 AM
Hold With The Stoploss Of 450
288. MehulStk |   Link |Feb 5, 2021 8:34:55 AM
Top Contributor Top Contributor (200+ Posts)
Seem like it will open in green, should I hold or sell it on pre opening, need advice from expert
287. Demon |   Link |Feb 5, 2021 7:18:51 AM
Please help me, I have apply stovekraft ipo through upi by union bank of india, transaction is rejected due to error and amount is blocked, when it will be released or through any other process
286. Pramod Athavale |   Link |Feb 3, 2021 1:15:34 PM
I am not getting any allotment. The only allotment I got was UTI AMC. How can I improve my chances?
286.16. Bourgeois Babu |   Link |Feb 4, 2021 9:33:10 PM
If you got alloted in one ipo means, your bank, pan details are good and no wrong from your side. IPO allotment is pure luck, apply continously and from multiple family and friends accounts your allotments chances will increase
286.17. Chivitra |   Link |Feb 4, 2021 9:47:41 PM
Thank you Lekker ji. I am having SBI account. So in case of 3rd party application, do we need to set-up similar settings in SBI. Like in Prostocks Minor (Son is Primary) and I am Natural Guardian. So Do I need to set-up similar stuff in SBI like Son will be Primary and I will be Jont holder with it. Please advise.