Stove Kraft Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹35(9.09%)
Premium (ELP)
The public market debut of Stove Kraft Limited's was completed on Mar 05, 2021 with its listing on the NSE, BSE exchange. The IPO process raised 1,07,17,532 Shares in total capital, consisting of 24,67,532 Shares in new equity and ₹318.00 Cr in existing share sales through the OFS route.
The offering featured a price range of ₹384 to ₹385 and minimum application size of 38 shares. Investor response during the subscription period from Jan 25, 2021 to Jan 28, 2021 influenced the final allotment ratios across investor categories.
Final allotment was announced on Feb 02, 2021, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Stove Kraft is one of India’s largest kitchen appliance suppliers, manufacturing and selling products under the “Pigeon” and “Gilima” brands, and planning value, premium, and semi-premium products under the “Black + Decker” brand. Its portfolio includes over 660 kitchen solutions such as cookware, cooking appliances, household utilities, and LED products introduced in 2019. The company has a robust distribution network with 651 distributors for Pigeon across 27 states and 5 union territories, 12 export distributors, and 65 Gilima stores across 28 cities in 4 states. Stove Kraft exports to countries including the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, and Kuwait. Its manufacturing facilities are located in Bengaluru, Karnataka, for Pigeon and Gilima products, and Baddi, Himachal Pradesh, focusing on LPG stoves and related products.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Leading Appliance Company: One of India’s largest kitchen appliance manufacturers.
- Diversified Portfolio: Offers a wide range of products.
- Strong Brand: Well-recognized and trusted brand name.
- Extensive Distribution: Robust network for product reach.
- Advanced Manufacturing: Well-equipped production facilities.
NA
- Rajendra Gandhi
- Sunita Rajendra Gandhi
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