Stove Kraft IPO Reviews, Dates, Price Band, Market Lot & Financial Details.

Stove Kraft IPO date have been announced and it opens on 25 January and closes on 28 January 2021. Stove kraft is one of the main brands in kitchen apparatuses in India. They manufacture pressure cookers, stand hobs, cooktops and utensils (steel and plastic). They are known by there brands like Gilma, Pigeon, and Black + Decker. Business strategy they use is quite good as you can see all the products of Stove Kraft are accessible in more than 30000 retail shops. Apart from physical stores you can also see there products on internet and buy from there. In there manufacturing portfolio they have more than 700 items in cooking, kitchen appliances, home utilities and food processing. Piegon is most successfully launced brand for them till the date. Oven Kraft has a wide organization in India for the easiness and selling of their items. The organization trades their item to the USA, Sri Lanka, Qatar, Thailand, Kenya,etc.

Stove Kraft IPO Dates & Price Band:

Open Date25th January 2021
Close Date28th January 2021
Total Size of IPO₹412 Cr.
Face Value₹10 
Price Band ₹384 to ₹385 Per Share 
Listing onBSE & NSE
Retail Investor’s Portion 35%

Stove Kraft IPO Market Lot:

ApplicationLotSharesCut Off Amount
Minimum (RII)138₹14630
Maximum (HNI)13494₹190190

Stove Kraft IPO Allotment & Listing Dates:

Allotment Date for Stove Kraft – 02nd February 2021
Refund Date for Stove Kraft – 03rd February 2021
Credit of Shares to Demat Account – 04th February 2021
Listing Date for Stove Kraft – 05th February 2021

Applying Stove Kraft IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully.  You have to submit your filled form to the bank or broker.

Objectives of Issue:

  • To make the reimbursement or prepayment installment of the organization’s borrowings completely or incompletely
  • To meet general corporate purposes.

Financials of Stove Kraft IPO:

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)Net Income (₹ in Cr.)
2018535 547-11.7
2019643 6410.9

Our Teams Perspective:

Overall valuation and financials of the company are looking fine. It would be a good play for the long term.
NOTE: Consult your financial advisor before applying for IPO.

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