Stove Kraft Limited IPO 2021 – Full Details and Review

Stove Kraft Limited IPO (Stove Kraft IPO) is the 4th IPO to hit the Indian markets in 2021 after Indian Railway Finance Corporation (IRFC), Indigo Paints and Home First Finance Company. In this article, we will look into all the important information on the Stove Kraft Limited IPO 2021 and find out the possible prospects of the company.

Stove Kraft Limited – About the Company

  • Stove Kraft is one of India’s largest suppliers of Kitchen appliances. The company produces and sells kitchen solutions under the popular brand names “Pigeon” and “Gilima”.
  • It has a massive, well-connected distribution network with a presence across multiple retail channels and a dedicated after-sales network.
  • Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh).
  •  It seeks to scale up its exports, branding, promotional and digital activities. It also aims to expand its portfolio in the existing product categories.

Objectives of the Issue – Stove Kraft IPO

Stove Kraft Limited plans to make the repayment or prepayment payment of company’s borrowings fully or partially. It will not receive any money from this offer for sale portion as the Money raised will go to selling shareholders and promoters only.

Important DetailsStove Kraft Limited IPO

IPO Dates25 Jan – 28 Jan 2021
IPO Size (in Crores)412 Crores
Face ValueRs. 10 per Equity Share
Price BandRs. 384-385 per Equity Share
Minimum Lot Size38 Shares
Minimum Application AmountRs. 14630/-
Listing Date05 Feb 2021
Official Website
Stove Kraft IPO Review
Brands Under Stove Kraft Limted

Stove Kraft Limited IPO Allotment Status

Basis Of Allotment2 Feb 2021
Refund3 Feb 2021
Credit to DEMAT Account4 Feb 2021
Listing Date5 Feb 2021
Stove Kraft IPO Allotment Status

StoveKraft Limited IPO Listing Status

Stove Kraft got listed at Rs 467 on BSE on 5 Feb 2021 at a premium of 21.30{4b331c42b8926ebe542dc19d70753f982f00baa8493fa3b4ebe6aa56faa6d044} over the issue price (Rs.385).

Stove Kraft LimitedCompetitors in the Industry

Some of the Stove Kraft’s Main Rivals are TTK Prestige, Hawkins Cookers and Butterfly Gandhimathi Appliances, etc.

StoveKraft IPO Review

Financials of Stove Kraft are not Good Enough. We may see some Listing Gains but as per the Company Fundamentals, we won’t suggest applying for Stove Kraft IPO.

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Stove Kraft Limited IPO – Check Allotment Status

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