Stove Kraft Limited
- IPO Date25 Jan, 2021 to 28 Jan, 2021
- Listing Date05 Feb, 2021
- Face Value₹10 per share
- Issue Price₹384 to ₹385 per share
- Lot Size38 Shares
- Minimum Investment₹14,630
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale82,50,000 Shares
(aggregating up to ₹317.63 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
28 Jan, 2021
Initiation of Refunds
04 Feb, 2021
Listing Date
05 Feb, 2021
25 Jan, 2021
Opening Date
02 Feb, 2021
Basis of Allotment
04 Feb, 2021
Credit of Shares
Stove Kraft Limited Lot Size
Investors can bid for a minimum of 38 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹1,90,190 |
Stove Kraft Limited Promoter Holding
Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 61.31% | 54.36% |
Stove Kraft Limited COMPANY INFORMATION
Stove Kraft IPO is a book built issue of Rs 412.63 crores. The issue comprises of fresh issue of Rs 95.00 crore and offer for sale of 0.82 crore shares. Stove Kraft IPO bidding started from January 25, 2021 and ended on January 28, 2021. The allotment for Stove Kraft IPO was finalized on Tuesday, February 2, 2021. The shares got listed on BSE, NSE on February 5, 2021. Stove Kraft IPO price band is set at ₹384 to ₹385 per share. The minimum lot size for an application is 38 Shares. The minimum amount of investment required by retail investors is ₹14,630. Edelweiss Financial Services Ltd and Jm Financial Limited are the book running lead managers of the Stove Kraft IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Stove Kraft IPO RHP for detailed information.
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.
FAQs About Stove Kraft Limited
Stove Kraft Limited will open on 25 Jan, 2021 and close on 28 Jan, 2021. Investors must apply within this period to participate.
The Stove Kraft Limited price band is set between ₹384.00 and ₹385.00 per share. The minimum lot size is 38, requiring an investment of at least ₹14630.00.
The Stove Kraft Limited shares are expected to be listed on 05 Feb, 2021, subject to regulatory approvals and final allotment.
You can track your Stove Kraft Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Stove Kraft Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.