IPO

Stove Kraft IPO

Mainboard

Consumer Durables - Domestic Appliances

Listed On: Feb 5, 2021 at ₹ 498.0

₹ 14630 /38 Shares

Check Allotment

25 Jan, 2021

Open Date

28 Jan, 2021

Close Date

03 Feb, 2021

Allotment Date

05 Feb, 2021

Listing Date
Price Summary

Last Closing

586.30 (52.29%)

52 Week High

975.40

52 Week Low

524.70

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹384-385 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price [.] 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)
  • Listing at BSE, NSE
  • List Price 498.0
  • Listing Date 2021-02-05
  • Lead Manager Edelweiss Financial Services Ltd,JM Financial Consultants Private Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 10%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹384-385 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Jan 25, 2021 and ends on Jan 28, 2021. The allotment for IPO will be finalized on Feb 3, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 5, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Edelweiss Financial Services Ltd,JM Financial Consultants Private Limited.


The IPO sets its price band at 384-385 for each share. A single application for Stove Kraft IPO must contain at least 38 shares.

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IPO Subscription Analysis And Details
Retail
26.04x
QIB
8.02x
NII
32.72x
Total
18.03x
As on QIB NII Retail Total
Shares Offered / Reserved 32,15,260 16,07,629 10,71,753 58,94,642
Day 1 25-01-21 05:00 PM
0.00 x 0.05 5.37 x 0.99 x
Day 2 27-01-21 05:00 PM
0.08 x 1.85 13.07 x 2.92 x
Day 3 28-01-21 05:00 PM
8.02 x 32.72 26.04 x 18.03 x
Valuations
Earnings Per Share (EPS) ₹N/A
P/E Ratio N/A
RoNW N/A%
Net Asset Value (NAV) ₹N/A
Company Financials
In Crs.
In Cr.
30-Sept-20 31-Mar-20 31-Mar-19 31-Mar-18
Assets 498.49 471.29 425.72 393.64
Revenue 329.50 672.91 642.59 534.58
Profit After Tax 28.77 3.17 0.73 (12.01)
About Company

Stove Kraft Limited are engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under their Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively. They are kitchen solutions and an emerging home solutions brand. Further, they are one of the leading brands for kitchen appliances in India and are one of the dominant players for pressure cookers and a market leader in the sale of free standing hobs and cooktops .

Their kitchen solutions comprise of cookware and cooking appliances across their brands, and their home solutions comprise various household utilities, including consumer lighting, which not only enables us to be a one stop shop for kitchen and home solutions, but also offer products at different pricing points to meet diverse customer requirements and aspirations.

The Company is promoted by Rajendra Gandhi and Sunita Rajendra Gandhi and is the guiding force behind the growth and strategic decisions of the Company.

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- Promoter(s)

Rajendra Gandhi

Sunita Rajendra Gandhi

Pre Issue Share Holding : 61.31%

Post Issue Share Holding : 54.36

IPO - Issue Objectives
1

To make the repayment or prepayment payment of company's borrowings fully or partially

2

To meet general corporate purposes.