IPO Status: Closed [25th Jan 2021 to 28th Jan 2021]
India’s largest kitchen appliances company, Stove Kraft Limited IPO opens on 25th January 2021 and will be close for subscription on 28th January 2021. It is a book built IPO which will be issued at the price of Rs 384 - Rs 385. The face value per share is Rs. 10 and the IPO floor price (minimum price) is 374 times and the cap price (maximum price) is 375 times the face value. Check out more on Stove Kraft Limited IPO including business overview, financials, IPO issue size, IPO open and close dates, DRHP prospectus, RHP, allotment, live subscription, and more.
Incorporated Year: 1994
Sector: Kitchen Appliances
IPO Issue Size: 500 Crore
About the Company – Stove Kraft Limited
Stove Kraft Limited is India’s top emerging kitchen solutions and home solutions brand. The company manufactures and sells a diverse suite of kitchen solutions under the brand name of “Pigeon” and “Gilma”, and manufactures value, premium, and semi-premium kitchen supplies under the "Black + Decker" brand. It has started manufacturing LED Bulbs under the Pigeon brand in 2019 and currently, the company has a portfolio of 660+ products in the kitchen and home solutions market.
Stove Kraft has a separate distribution network for Pigeon, Gilma, and BLACK + DECKER brands. It has a strong distribution network of the “Pigeon” brand with 651 distributors in 27 states and five union territories of India and 12 distributors for products that are exported. It’s “Gilma” products are sold through 65 stores spread across four states and 28 cities and towns.
The Stove Kraft IPO aims to raise funds for the following purposes.
Stove Kraft IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.
|Stove Kraft Issue Details||Values|
|IPO Issue Type:||Book Built Issue IPO|
|IPO Issue Size:||₹ 412.63 Cr|
|Offer for Sale:||8,250,000 shares of ₹10 each [Aggregating upto ₹8.25 Cr.]|
|Fresh Issue:||[.] Eq Shares of ₹10 (aggregating up to ₹95.00 Cr)|
|Face Value:||₹10 Per Equity Share|
|IPO Issue Price:||₹384-385|
|Market Lot:||38 Shares|
|Min Retail Qty:||38 Shares (1 lot)|
|Max Retail Qty:||494 Shares (13 lots)|
|Promoter Holding Pre IPO:||61.31%|
|Promoter Holding Post IPO:||54.36%|
|IPO Listing At:||BSE, NSE|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||3,215,260||1,607,629||1,071,753||5,894,642||1||25th Jan 2021 05:02||0.00x||0.05x||5.37x||0.99x||2||27th Jan 2021 05:02||0.08x||1.85x||13.08x||2.93x||3||28th Jan 2021 05:02||8.02x||32.72x||26.04x||18.03x|
Past performance and financial results of Stove Kraft.
|Stove Kraft IPO Financials||30-Sep-2020||31-Mar-2020||31-Mar-2019||31-Mar-2018|
|Total Assets||₹498.49 Cr||₹471.29 Cr||₹425.72 Cr||₹393.64 Cr|
|Total Income||₹329.50 Cr||₹672.91 Cr||₹642.59 Cr||₹534.85 Cr|
|Net Profit/Loss||₹28.77 Cr||₹3.17 Cr||₹0.73 Cr||₹(12.01) Cr|
In this section we have covered all important dates related to Stove Kraft IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|IPO Issue Open Date||25th Jan 2021|
|IPO Issue Close Date||28th Jan 2021|
|Basis of Allotment Finalisation Date*||2nd Jan 2021|
|Refunds Initiation*||3rd Feb 2021|
|Credit of Shares to Demat Account*||4th Feb 2021|
|IPO Listing Date*||5th Feb 2021|
* - Tentative Dates
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Stove Kraft IPO DRHP >>Document
Stove Kraft IPO RHP >>Document
Stove Kraft IPO Allotment Status >>Link
E-mail: [email protected]
Last Updated on 2021-02-15T08:27:40+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Stove Kraft IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Stove Kraft IPO with Zerodha.
Alternate approch to apply in Stove Kraft IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Stove Kraft IPO, you can use the following methods:
|Stove Kraft IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Stove Kraft IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Stove Kraft IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Stove Kraft IPO. Most of the Syndicate Banks provide access to apply in Stove Kraft IPO via ASBA process. You must have your net banking access, DP ID information to apply in Stove Kraft IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Stove Kraft IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in Stove Kraft IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Stove Kraft IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Stove Kraft IPO, please refer article >> Link
Steps to download the online application form for Stove Kraft IPO
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Stove Kraft IPO is going to be list on 05-02-2021. NSE Code for Stove Kraft is STOVEKRAFT. BSE Code for Stove Kraft is 543260.
Other relevant questions:When Stove Kraft IPO will be listing? Stove Kraft IPO NSE listing date?Stove Kraft IPO date of listing.Stove Kraft IPO BSE listing date?
Stove Kraft IPO Allotment Date is 02-01-2021.
Other relevant questions:Stove Kraft IPO share allotment date?Stove Kraft IPO allotment date?