Stove Kraft Limited IPO

The Stove Kraft IPO of Rs 412.62 crores is set to open in the price band of Rs 384-385 on January 25, 2021. the issue size contains fresh issues worth Rs 95 crores and 82.50 lakh offer for sale equity shares from promoters and investors. The subscription window will remain open from January 25 to 28, 2021, and the tentative listing date is February 5, 2021. It is the fourth IPO of 2021 after IRFC, Indigo Paints, and Home First Finance Company.

Stove Kraft Limited IPO

Issuer

Stove Kraft Limited

IPO Date : 25th January 2021 - 28th January 2021
Price Band
₹ 384 - ₹ 385

Issue Size
₹ 411.80 Cr - ₹ 412.63 Cr

Face Value
₹10 per equity share

Market Lot
38 Shares

Listing At
NSE,BSE
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STOVE KRAFT LIMITED INFORMATION

Stove Kraft is one of the major kitchen appliance manufacturers and suppliers in the country. The company owns brand names of Pigeon and Gilima, and it proposes to begin producing soon for Black + Decker, covering the entire range from value, semi-premium, and premium kitchen solutions.

The company has a strong network of distributors and a chain of storefronts covering PAN India market. Stove Kraft also exports to USA, Kenya, Mexico, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, and several other countries. The two manufacturing units are located in Bengaluru and Baddi in Himachal, producing LPG stoves and inner lid cookers for its Oil Company Business (OCB).

Competitive strength

  • One of the largest players in the domain
  • Well-diverse product portfolio
  • Modern and advanced manufacturing units
  • Strong brand name
  • Established channel of distributors

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How to apply for Stove Kraft Limited IPO :


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Stove Kraft Limited IPO FAQs

What is an IPO?

An initial public offering is a process followed by companies to list in the bourses for the first-time by issuing equity shares among general investors. The company raises funds from the market by selling partial ownership through an IPO.

What is Stove Kraft Limited IPO?

Stove Kraft’s Rs 412.62 crores IPO shares will launch in the price band of Rs 384-385. The subscription window for the offer will remain open from January 25 to 28, 2021. Investors can bid for a minimum of 38 shares and increase their bid size up to 13 lots or 494 shares.

How to apply in Stove Kraft Limited IPO through Angel One?

Now apply for Stove Kraft IPO from Angel One website or mobile app using your login credentials. Current customers can log in to the portal to find the list of open IPOs available for subscription. Don’t have an Angel One Demat? Now apply online.

When will Stove Kraft Limited IPO open?

The subscription window will open on January 25 and close of January 28, 2021.

What is the minimum lot size of Stove Kraft Limited IPO?

The minimum lot size is 38 shares. Retail investors can increase their bid up to 13 lots or 494 shares worth Rs 190,190.

How to apply for Stove Kraft Limited IPO?

Retail individual investors need to apply with ASBA or Application Supported By Block Amount. It is a form of self-authorisation that allows banks to block the sum in the applicant’s account for the extent and duration of the application.

When is Stove Kraft Limited IPO allotment date?

The finalisation of the basis of allotment will happen on February 2, 2021.

When is Stove Kraft Limited IPO listing date?

Tentative listing date is February 5, 2021.

How to pay for Stove Kraft Limited IPO using UPI?

Retail investors must use UPI to make payment for the offer. You’d need to link your account to the UPI handle following a simple online process. Insert your UPI payment handle details while making payment for Stove Kraft IPO. You will receive a payment mandate in your UPI handle, which you need to approve to complete the payment process.

How will I receive the Stove Kraft Limited IPOs?

You will receive the shares directly in your Demat account. Get your first Demat with Angel One. Apply here.

How to apply for Stove Kraft Limited IPO

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