stove kraft ipo

Stove Kraft manufactures kitchen appliances under the brand name of ‘Pigeon’ and ‘Gilma’. It is also planning to manufacture value, premium, and semi-premium kitchen supplies under the ‘Black + Decker’ brand. The company already manufactures more than 660 kitchen products including cookware, cooking appliances, household utilities, etc. The company recently forayed into manufacturing LED products.

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Stove Kraft 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 in India as well as other 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).


Company Promoters:

Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
30-Sept-2031-Mar-2031-Mar-1931-Mar-18
Total Assets4,984.994,712.914,257.263,936.42
Total Revenue3,295.096,729.146,425.985,345.85
Profit After Tax287.7631.707.36(120.18)

Objects of the Issue:

The IPO proceeds will be used for the following purposes;

  • To make the repayment or prepayment payment of the 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 Holding

Stove Kraft IPO Registrar

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 Lead Manager(s)

Edelweiss Financial Services Ltd
JM Financial Consultants Private Limited

More Details

The finalization of the 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. The Stove Kraft IPO listing date is not yet announced. The tentative date of the Stove Kraft IPO listing is Feb 5, 2021.

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