Stove Kraft Limited IPO
Stove Kraft Limited IPO
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The public market debut of Stove Kraft Limited's was completed on 05-03-2021 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 25-01-2021 to 28-01-2021 influenced the final allotment ratios across investor categories.
Final allotment was announced on 02-02-2021, 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 IPO About Company
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."
Stove Kraft IPO Strength Factors
- 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.
Stove Kraft IPO Risk Factors
NA
Stove Kraft IPO Lead Manager(s)
- Edelweiss Financial Services Limited
- Jm Financial Limited
Stove Kraft IPO Promoter(s)
- Rajendra Gandhi
- Sunita Rajendra Gandhi
Stove Kraft IPO FAQs
Stove Kraft Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 24, 2025 12:00:30 PM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Stove Kraft IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Stove Kraft IPO FAQs
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