Stove Kraft Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹384-₹385
- Lot size
- 38 shares
- Issue amount
- ₹413 cr
- Total subscription
- 0×
- Opens
- 25 Jan 2021
- Closes
- 28 Jan 2021
- Allotment
- 2 Feb 2021
- Listing
- 5 Mar 2021
Offer at a glance
Issue overview
- Issue size
- 1,07,17,532 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,592
- Fresh issue
- ₹95 cr
- Offer for sale
- ₹318 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,630
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,00,80,631
- Shares after issue
- 3,25,48,163
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 38 | ₹14,630 |
| sHNI | 14 | 532 | ₹2,04,820 |
| bHNI | 69 | 2,622 | ₹10,09,470 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Company information
Company profile
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.
Strengths
- 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.
Promoters
Rajendra Gandhi
Sunita Rajendra Gandhi
Registrar & documents
Lead manager
Edelweiss Financial Services Limited, Jm Financial Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
81/1, Medamarana Halli Village Harohalli Hobli, Kanakapura Taluk
+91 80 2801 6222
[email protected]Company website ↗Understanding STOVEKRAFT IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.