Stove Kraft Limited IPO Detail
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.
- One of the largest kitchen appliance company in India.
- Diversified product portfolio.
- Strong brand name.
- Strong distribution network.
- Well-equipped manufacturing facility.
Company PromotersRajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.
|IPO Opening Date||Jan 25, 2021|
|IPO Closing Date||Jan 28, 2021|
|Issue Type||Book Built Issue IPO|
|Face Value||₹10 per equity share|
|IPO Price||₹384 - 385 per equity share|
|Market Lot||38 Shares|
|Min Order Quantity||38 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹412.63 Cr|
|Fresh Issue||Eq Shares of ₹10 (aggregating up to ₹95.00 Cr)|
|Offer for Sale||8,250,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)|
IPO Tentative Timetable
The Stove Kraft Limited IPO open date is Jan 25, 2021, and the close date is Jan 28, 2021. The issue may list on Feb 05, 2021.
|IPO Open Date||Jan 25, 2021|
|IPO Close Date||Jan 28, 2021|
|Basis of Allotment Date||Feb 02, 2021|
|Initiation of Refunds||Feb 03, 2021|
|Credit of Shares to Demat Account||Feb 04, 2021|
|IPO Listing Date||Feb 05, 2021|
IPO Lot Size
The Stove Kraft Limited IPO market lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or ₹190190).
IPO Promoter Holding
|Pre Issue Share Holding||61.31%|
|Post Issue Share Holding||54.36%|
For the year/period ended (₹ in Crs)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
The IPO proceed will be used for the following purposes;
- To make the repayment or prepayment payment of company's borrowings fully or partially
- To meet general corporate purposes.