| 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 |
Stovekraft is the largest kitchen appliances company in India. As a fully integrated enterprise, they 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, they 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. Their 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 their brands, they offer premium kitchen solutions through their wide range of products including pressure cookers, non-stick cookware, gas and induction cook tops, mixer grinders, chimneys and hobs among others. They are committed to individual safety as well as social welfare and provide equal employment opportunities. Currently their human capital consists of over 2,000 dedicated employees.
Through their relentless efforts, they 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. Their 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.
Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.
| 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 |
| 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 |
| 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. |
| 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 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusStove Kraft Limited IPO will open on 25 Jan 2021 and close on 28 Jan 2021.
Stove Kraft Limited IPO will list on 05 Feb 2021.
The offer price of Stove Kraft Limited IPO is ₹384-385.
The lot size of Stove Kraft Limited IPO is 38.
The Grey Market Premium (GMP) price of Stove Kraft Limited IPO is ₹60-65.
The Kostak price of Stove Kraft Limited IPO is Not Available at the moment.
The Subject to Sauda price for Stove Kraft Limited IPO is ₹2200.
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