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Stove Kraft Ltd.

Stove Kraft Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹385
₹385
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹385
Based on GMP
Min. Investment
₹14,630
1 lot × 38 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
25 Jan 2021
Close Date
28 Jan 2021
Allotment
02 Feb 2021
Listing Date
05 Feb 2021
Exchange
NSE & BSE
Price Band
₹385
Listing Price
See chart
Allotment Status
Price Band
₹385
Per share
Face Value
₹10 per share
 
Lot Size
38 Shares
per lot
Issue Size
1,07,17,532 shares (aggregating up to ₹412.62 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,630
1 lot
Pre-IPO Holding
3,00,80,631 shares
Promoters
Post-IPO Holding
3,25,48,163 shares
Promoters
UPI Deadline
2021-01-28
Mandate
Anchor AllotmentFri, 22 Jan 2021
Basis of AllotmentTue, 02 Feb 2021
Refund InitiationWed, 03 Feb 2021
Demat CreditThu, 04 Feb 2021
Listing DayFri, 05 Feb 2021
UPI Mandate Deadline2021-01-28
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares24,67,532 shares (aggregating up to ₹95.00 Cr)
Offer for Sale82,50,000 shares of ₹10 (aggregating up to ₹317.63 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Stove Kraft Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 28 Jan 2021.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
10,717,532
100% ₹412.62
IPO Shares Offered
Stove Kraft Ltd. IPO total issue size: ₹412.62 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 10,717,532 ₹412.62
100.00%
* Based on upper price band ₹385 per share
Lot Size & Investment
Lot Size
38
Shares per Lot
Issue Price
₹385.00
Upper Band
Min Investment
₹14,630
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)276₹29,260
Retail (Max — 13 Lots)13494₹190,190
S-HNI (Min — 14 Lots)14532₹204,820
B-HNI (Min — 69 Lots)692,622₹1,009,470
* Issue Price ₹385 × Lot Size 38 shares
IPO Schedule
Anchor
22 Jan 2021
✓ Done
IPO Open
25 Jan 2021
✓ Done
IPO Close
28 Jan 2021
✓ Done
Allotment
02 Feb 2021
✓ Done
Refunds
03 Feb 2021
✓ Done
Demat Credit
04 Feb 2021
✓ Done
Listing Day
05 Feb 2021
✓ Done
Stove Kraft Ltd. — Live Price LIVE
₹385.00
INR · BSE
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Issue ₹385.00 Live Price
About Stove Kraft Ltd.
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 strengthOne of the largest kitchen appliance company in India.Diversified product portfolio.Strong brand name.Strong distribution network.Well-equipped manufacturing facility.
Objects of the Issue
1
1 Repayment/pre-payment, in full or part, of certain borrowings availed by our Company
2
2 General corporate purposes
Stove Kraft Ltd. Financials (Amount in Crore)
Revenue from Operations
₹642.6
31-Mar-19
₹672.9
31-Mar-20
₹329.5
30-Sept-20
Profit After Tax (PAT)
₹0.7
31-Mar-19
₹3.2
31-Mar-20
₹28.8
30-Sept-20
Particulars30-Sept-2031-Mar-2031-Mar-19
Revenue from Operations 329.51 672.91 642.60
EBITDA N/A N/A N/A
Profit After Tax (PAT) 28.78 3.17 0.74
Net Worth N/A N/A N/A
Total Assets 498.50 471.29 425.73
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered1,07,17,532 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding3,00,80,631 shares
Post-Issue Promoter Holding3,25,48,163 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Edelweiss Financial Services Ltd.
JM Financial Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Stove Kraft Ltd. IPO subscribed?

Stove Kraft Ltd. IPO is subscribed 1.00 times by Jan 28, 2021. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Stove Kraft Ltd. IPO retail subscription status?

The Stove Kraft Ltd. IPO retail category is subscribed 1.00 times as of 28 Jan 2021. The retail portion is oversubscribed.

How to subscribe Stove Kraft Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 25 Jan 2021 and closes 28 Jan 2021. Min investment: ₹14,630 (1 lot = 38 shares). UPI mandate: 2021-01-28.

How many times Stove Kraft Ltd. IPO subscribed?

The Stove Kraft Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Stove Kraft Ltd. IPO allotment?

Check allotment on the registrar website (Kfin Technologies Ltd.) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 02 Feb 2021. Refunds: on 03 Feb 2021.

When Stove Kraft Ltd. IPO will be listed?

The Stove Kraft Ltd. IPO listing date is 05 Feb 2021, Friday. Listed on: NSE & BSE. Issue price: ₹385. Estimated listing: ₹385. GMP: NIL.

When Stove Kraft Ltd. IPO close?

The Stove Kraft Ltd. IPO closes on 28 Jan 2021, Thursday. UPI mandate: 2021-01-28. Allotment: 02 Feb 2021. Listing: 05 Feb 2021.