Stove Kraft IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 25 Jan 2021 - 28 Jan 2021
Issue Size ₹412.63 Cr
Issue Price ₹384-385
Market Lot 38 Shares
Shares on Offer 8,250,000
Registrar KFintech
GMP ₹60-65
Kostak N/A
Subject to Sauda ₹2200
Listing Date 05 Feb 2021
Listing Price ₹498
Listing Gain% 29.35

About Stove Kraft Limited

Stovekraft is the largest kitchen appliances company in India. As a fully integrated enterprise, we are every kitchen maker's dream.

Stovekraft Limited (ISO 9001:2008 certified) is the largest limited company in the kitchen appliances industry. Over the years, we have evolved as an organization, creating masterpieces that seamlessly blend sophistication and aesthetics with technology to make even dull household chores in the kitchen a pleasurable experience. Our flagship brands, Pigeon and Gilma, each have a unique customer proposition and different go-to-market strategies, and are present across the country. With both our brands, we offer premium kitchen solutions through our wide range of products including pressure cookers, non-stick cookware, gas and induction cook tops, mixer grinders, chimneys and hobs among others. We are committed to individual safety as well as social welfare and provide equal employment opportunities. Currently our human capital consists of over 2,000 dedicated employees.

Through their relentless efforts, we have carved a niche for ourselves in the overseas market as well, garnering extensive global presence across Middle East, Kenya, Uganda, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, Oman and Tanzania. Our prestigious clientele also includes Walmart, Big Lots, and Belk in USA.

The company has the single largest manufacturing facility for kitchen appliances in the country in Bangalore and another manufacturing unit at Baddi, Himachal Pradesh.

It’s their constant endeavor to enhance customer delight.

Company Promoters

Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 4,712.91 4,257.26 3,936.42
Total Revenue (In ₹ Millions) 6,729.14 6,425.98 5,345.85
Profit After Tax (PAT) (In ₹ Millions) 31.70 7.36 -120.18

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
31 Jan 2021 ₹60-65 N/A ₹2200
28 Jan 2021 ₹60-65 N/A ₹1800
26 Jan 2021 ₹70-75 N/A ₹2200
22 Jan 2021 ₹90-100 N/A N/A

Strengths & Weaknesses

Strength
Revenue of the company has increased by 25% from 2018.
Total assets of the company has increased almost 20% in 2020 in comparison to 2018.
Weakness
The company was in loss in 2018 and the profitability is less than 5% in 2020.

Stove Kraft Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 25 Jan 2021 0.00 0.05 5.37 0.99
Day 2 - 27 jan 2021 0.08 1.85 13.08 2.93
Day 3 - 28 Jan 2021 8.02 32.72 26.04 18.03

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Stove Kraft Limited IPO FAQs

  1. When will Stove Kraft Limited IPO open?

    Stove Kraft Limited IPO will open on 25 Jan 2021 and close on 28 Jan 2021.

  2. What is the listing date of Stove Kraft Limited IPO?

    Stove Kraft Limited IPO will list on 05 Feb 2021.

  3. What is the offer price of Stove Kraft Limited IPO?

    The offer price of Stove Kraft Limited IPO is ₹384-385.

  4. What is the lot size of Stove Kraft Limited IPO?

    The lot size of Stove Kraft Limited IPO is 38.

  5. What is the Grey Market Premium (GMP) price of Stove Kraft Limited IPO?

    The Grey Market Premium (GMP) price of Stove Kraft Limited IPO is ₹60-65.

  6. What is the Kostak price of Stove Kraft Limited IPO?

    The Kostak price of Stove Kraft Limited IPO is Not Available at the moment.

  7. What is the Subject to Sauda price for Stove Kraft Limited IPO?

    The Subject to Sauda price for Stove Kraft Limited IPO is ₹2200.

Stove Kraft Limited IPO Review/Comments

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