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 Promoters:

Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
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)

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

IPO Opening DateJan 25, 2021
IPO Closing DateJan 28, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹384 to ₹385 per equity share
Market Lot38 Shares
Min Order Quantity38 Shares
Listing AtBSE, 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 Sale8,250,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Stove Kraft IPO Tentative Timetable

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 DateJan 25, 2021
IPO Close DateJan 28, 2021
Basis of Allotment DateFeb 2, 2021
Initiation of RefundsFeb 3, 2021
Credit of Shares to Demat AccountFeb 4, 2021
IPO Listing DateFeb 5, 2021

Stove Kraft IPO Lot Size

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).

ApplicationLotsSharesAmount (Cut-off)
Minimum138₹14,630
Maximum13494₹190,190

Stove Kraft IPO Promoter Holding

Pre Issue Share Holding61.31%
Post Issue Share Holding54.36%

Stove Kraft IPO Subscription Status (Bidding Detail)

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)

CategoryIPO Subscription
QIB

8.02x

NII

32.72x

RII

26.04x

Total

18.03x

Stove Kraft IPO Prospectus

Stove Kraft IPO Rating

1232
3.8
Rating:Rated 3.8 stars

Vote Here ...

Stove Kraft IPO Listing Date

Listing DateFriday, February 5, 2021
BSE Script Code543260
NSE SymbolSTOVEKRAFT
Listing InB Group of Securities
ISININE00IN01015
IPO Price₹385 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹385.00
₹467.00
₹435.05
₹495.55
₹445.95
440,745,246
NSE
₹385.00
₹498.00
₹435.00
₹498.00
₹445.95
10,755,080

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

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Stove Kraft IPO FAQs

  1. What is Stove Kraft IPO?

    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.

  2. How to apply in Stove Kraft IPO through Zerodha?

    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.

  3. When Stove Kraft IPO will open?

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

  4. What is the lot size of Stove Kraft IPO?

    Stove Kraft IPO lot size is 38 Shares and the minimum order quantity is 38 Shares.

  5. How to apply for Stove Kraft IPO?

    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.

  6. When Stove Kraft IPO allotment?

    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.

  7. When is Stove Kraft IPO listing date?

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

Stove Kraft IPO Message Board

Ranked Members  Ranked Members

Loading...
282. Kailash sharma |Feb 3, 2021 18:54
Get ready to book loss of rs. 2000 to 2500 per lot.
281. DDM |Feb 5, 2021 21:01
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
280. sonal patel |Feb 6, 2021 19:21
IPO Mentor IPO Mentor (900+ Posts, 3800+ Likes)
The government has started the process of initial public offering of WAPCOS Limited where it will sell 25% stake
279. amit K singh |Jan 28, 2021 13:26
IPO Mentor IPO Mentor (700+ Posts, 1200+ Likes)
QIB is arond 5 times, retail is already more than 20 times. So the ipo is safe now. One can apply for listing gain only, should exit on listing day if allotted. Also allotment chance for retail is very very low.

Please don''t listen to thd people asking to withdraw as they have vested interest, if you withdraw allotment chance will increase for others... if they are not applying why they bothers about others?
278. Aniketiaf |Jan 27, 2021 13:16
IPO Guru IPO Guru (1400+ Posts, 8500+ Likes)
Nalco Buyback at 57.5
277. Rahul Popat |Feb 5, 2021 07:36
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Expected listing near 450

Advisable to hold with trailing Stop loss of rs25
276. Aniketiaf |Feb 5, 2021 09:25
IPO Guru IPO Guru (1400+ Posts, 8500+ Likes)
Finally, Gained handsomely by shorting.
Shorted 480, covered 440
275. Naru |Feb 5, 2021 09:00
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.
274. frenchi |Feb 5, 2021 09:33
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
274.3. Nareshkumar |Feb 5, 2021 14:31
Thanks lekker sir
274.4. traderyn |Feb 5, 2021 20:55
1/11 probability for 1 lot,it''s HNI quota
273. Chem cho |Feb 5, 2021 09:15
IPO Guru IPO Guru (2100+ Posts, 2100+ Likes)
if it breaks Rs 460
then 450
273.1. Lokesh Chiru |Feb 5, 2021 13:36
NII max subscription will be 7-8 times.
273.2. Mr. Singh |Feb 5, 2021 15:24
Traderyn, NII subscription came close to your prediction.
272. krupa |Feb 5, 2021 09:11
Gmp 65/70 tha and open 113 rs up
Very good listing gain almost 4000
271. MehulStk |Feb 5, 2021 09:08
Sold at 485
270. The White Scripture |Jan 27, 2021 10:12
As per the rule of gry market.
gry market ke niyam ke hisab se jis kisi bhi shares ki application sabse jyada subscibe hoti he uska listing hammesa premium me hi hota he so ye baat to hamare profit ki he .

or rahi baat company ki to stove kraft company aapke ya mere liye koi new company nahi he hamare hi bich me deal karti company he so agar koi bank se intrest pe pesa layega to us company ko apne profit mese intrest dena padega bank ko but agar company share listing karke apna dept kam karti he to aage chalke company ke profit ka share investors ko hi milega so me esa manta hu ki hame stove kraft ko apply karna chahiye.
269. PRIMARY MARKET LEARNER |Feb 5, 2021 04:54
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.
268. IPO SUSPENSE |Feb 5, 2021 08:20
Market me kewal hwa chalti he koi fundamental kam nhi atta he

Ho gye negative list
267. Roxpatel |Feb 5, 2021 08:49
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Good listing 498
266. lekker |Feb 5, 2021 08:47
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
good listing better than expected , as RII portion was limited, operator can move this stock easily .
good listing than HFFC.
265. krupa |Feb 5, 2021 08:47
Open 498
264. krupa |Feb 5, 2021 08:47
Open 498
264.2. Bada Investor |Feb 5, 2021 11:50
Thanks a lot
264.3. Vicky. |Feb 5, 2021 13:16
at present premium rs10/
263. PRIMARY MARKET LEARNER |Feb 5, 2021 08:43
Hold With The Stoploss Of 450
263.2. traderji |Feb 5, 2021 11:31
AXIS show both option NII and RII
263.3. Lokesh Chiru |Feb 5, 2021 11:45
Then you can apply under NII (Retail and HNI are considered under HNI for REIT IPOs). There is no separate category for retailers in REITs.







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