Stove Kraft IPO:GMP, Issue Size, Issue price, IMP Dates.

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Stove Kraft IPO is one of the largest Kitchen appliance suppliers in India and is all set to make a debut in the stock market with an issue size of 412.63 Cr.   

Stove Kraft IPO –Overview    

Stove Kraft IPO Issue Date           25-28 January 2021          
Stove Kraft IPO Opening Date           25 January 2021         
Stove Kraft IPO Face Value           INR 10 per share           
Stove Kraft IPO Price           INR 385 per share          
Stove Kraft IPO Lot Size           35 Shares          
Issue Size           412.63 Cr          
Offer for sale            
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE.
QIB Shares Offered             8.02 times          
NII (HNI) Shares           32.72 times          
Company Promoters           Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters. 

Stove Kraft IPO Limited IPO-Tentative Dates           

Stove Kraft IPO opening date           25 Jan 2021             
Stove Kraft IPO closing date           28 Jan 2021              
Basis of Allotment           2 Feb 2021          
Initiation of Refunds           3 Feb 2021              
The credit of Shares to Demat          4 Feb 2021           
Stove Kraft IPO Listing Date           5 Feb 2021          

Stove Kraft IPO – Industry Overview.          

Indian appliance and consumer electronics (ACE) market reached INR 2.05 trillion (US $31.48 billion) in 2017. It is expected to increase at 9% CAGR to reach INR 3.15 trillion (US $48.37 billion) in 2022. Urban markets account for the major share (65%) of total revenues in the consumer durables sector in India The key ‘Large’ and ‘Small’ Cooking Appliances categories,  which are covered in  the  scope  of  this  report,  the current market  value  is  estimated at  about INR 148.5 billion, which is set to reach INR 238.0 billion by end 2022, growing at a CAGR of about 9.9%. 

Stove Kraft IPO – Company Overview     

Stove Kraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of “Pigeon” and “Gilima” brands and plans to manufacture value, premium, and semi-premium kitchen supplies under the “Black + Decker” brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products. 

The company has a strong distribution network as under the “Pigeon” brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the “Gilima” brand, it has 65 stores across 4 states and 28 cities. It not just distributes its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc. 

 Stove Kraft IPO -Objectives           

  • To make the repayment or prepayment payment of company’s borrowings fully or partially. 
  • To meet general corporate purposes. 

Stove Kraft IPO – Financial Statements          

Particulars          31-Dec-20  31-Mar-20        31-Mar-19        
Total Assets          4,984.99 4,712.91 4,257.26 
Total Revenue          3,295.09 6,729.14 6,425.98 
Profit After Tax          287.76 31.70 7.36 

Stove Kraft IPO – Strengths          

  • One of the largest kitchen appliance companies in India. 
  • Diversified product portfolio. 
  • Strong brand name. 
  • Strong distribution network. 
  • Well-equipped manufacturing facility. 

Company Contact Information 

Stove Kraft Limited 
81/1, Medamarana Halli Village 
Harohalli Hobli, Kanakapura Taluk 
Ramanagar District, 562 112 
Phone: +91 80 2801 6222 

Stove Kraft IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 


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