Stove Kraft Limited IPO Review

IPO Status: Closed [25th Jan 2021 to 28th Jan 2021]

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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

Website: www.stovekraft.com

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.

Stove Kraft IPO Objective

The Stove Kraft IPO aims to raise funds for the following purposes.

  • Repayment or pre-payment of f certain borrowings availed by the company.
  • To meet general corporate purposes.

Stove Kraft IPO Details

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 IPO Details
Stove Kraft Issue Details Values
IPO Category: Mainline
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
BSE Code: 543260
NSE Code: STOVEKRAFT

Stove Kraft IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 3,215,260 Shares
  • Non-Institutional Investors: 1,607,629 Shares
  • Retail Individual Investor: 1,071,753 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered3,215,2601,607,6291,071,7535,894,642
125th Jan 2021 05:020.00x0.05x5.37x0.99x
227th Jan 2021 05:020.08x1.85x13.08x2.93x
328th Jan 2021 05:028.02x32.72x26.04x18.03x

Stove Kraft Financials for past 3 Years

Past performance and financial results of Stove Kraft.

Stove Kraft financial
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

Stove Kraft IPO Strengths

  • One-stop shop for all the home and kitchen solutions with a diverse range of products.
  • Presence across India with multiple retail channels and a dedicated after-sales network.
  • Highly focused on quality and innovation.

Stove Kraft IPO Threats/Weaknesses

  • The source of raw material is a third party and the company has no long-term contract or price guarantee with them.
  • Company relies on its brand portfolio and if it cannot maintain it, the business will get affected adversely.

Stove Kraft IPO Important Dates

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.

Stove Kraft IPO important dates
IPO Activity Date
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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@
  NRI Form ⇒

Stove Kraft IPO DRHP >>Document

Stove Kraft IPO RHP >>Document

Stove Kraft IPO Allotment Status >>Link

Company Address

Stove Kraft Limited
81/1, Medamarana Halli Village,
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112, Karnataka, India
Website: www.stovekraft.com
Email: [email protected]
Phone: +91 80 2801 6222

Registrar

KFin Technologies Private Limited
Selenium, Tower B, Plot No. 31-32, Financial District
Nanakramguda, Srilingampally, Hyderabad Rengareddi 500 032
Telangana, India

Website: http://www.kfintech.com/

E-mail: [email protected]

Lead Manager

  1. Edelweiss Financial Services Limited
  2. JM Fianncial Limited
Stove Kraft IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Stove Kraft? Should I apply in Stove Kraft IPO?

Last Updated on 2021-02-15T08:27:40+00:00

Stove Kraft IPO FAQs

  1. 1. How to subscribe Stove Kraft IPO with Zerodha?

    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.

    Stove Kraft IPO Review and Important Updates

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  2. 2. How to apply in Stove Kraft IPO online?

    Apply in Stove Kraft IPO online

    To subscribe or apply in Stove Kraft IPO, you can use the following methods:

    Stove Kraft IPO Applying ModeMethodDetails
    Online Application3-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 Application2-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.

    Online ApplicationASBA

    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 ApplicationPhysical 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.

    Stove Kraft IPO Review and Important Updates

    Other relevant question on same topics are:

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  3. 3. How to download online application form for Stove Kraft IPO?

    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

    Stove Kraft IPO Review and Important Updates

    Steps to download the online application form for Stove Kraft IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 38 and max 494 Shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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  4. 4. What is the listing date of Stove Kraft IPO?

    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?

     

  5. 5. When Stove Kraft IPO will be allocated?

    Stove Kraft IPO Allotment Date is 02-01-2021.

    Other relevant questions:

    Stove Kraft IPO share allotment date?Stove Kraft IPO allotment date?

     

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User Comments

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5. RAKESH JN  1/20/2021 10:06:10 PM Reply
Stove Kraft IPO expected listing gain.
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4. Jitendra kumar  1/20/2021 10:06:10 PM Reply
Please confirm Stove Kraft IPO GMP (grey market premium) and kostak.
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3. Prakash  1/20/2021 10:06:10 PM Reply
Stove Kraft IPO good or bad.
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2. Mukesh  1/20/2021 10:06:10 PM Reply
Stove Kraft IPO whether to invest or not.
avatar
1. Mukesh  1/20/2021 10:06:10 PM Reply
Stove Kraft IPO - CRISIL Rating, Apply or not?.

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