This is to inform you that Stove Kraft Limited is coming out with a public issue to raise Rs.412.63 crore from the market.
The issue opens on January 25 and closes on January 28, 2021.
Details of the Stove Kraft Limited IPO
Company Details
:
Stove Kraft Limited is kitchen solutions and an emerging home solutions brand. Company is one of the leading brands for kitchen appliances in India, and it’s one of the dominant players for pressure cookers and amongst the market leaders in the sale of free standing hobs and cooktops (Source: F&S Report, sponsored by our Company).
Company is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under its Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively.
Companies kitchen solutions comprise of cookware and cooking appliances across its brands, and its home solutions comprise various household utilities, including consumer lighting, which not only enables them to be a one stop shop for kitchen and home solutions, but also offer products at different pricing points to meet diverse customer requirements and aspirations.
Company has also entered into agreements with e-commerce platforms such as Flipkart India Private Limited for the sale of its products on their portals. Outside of India, Company export its products which are manufactured by them to retail chains in the United States of America and Mexico.
Issue Period
:
Issue opens on: Monday, January 25, 2021 Issue closes on: Thursday, January 28, 2021
Price Band
:
Rs.384 to Rs.385 per equity share
Bid Lot
:
38 shares and in multiples thereof
Issue Size
:
Rs.412.63 crore
Issue break-up
:
QIB – 75 % of the offer – Rs. 309.47 crore NIB – 15 % of the offer – Rs. 61.89 crore RET – 10 % of the offer – Rs. 41.26 crore
Listing
:
NSE and BSE
Registrar
:
KFIN Technologies Pvt. Ltd.
UPI
:
All Retail Applications through brokers are compulsorily in UPI Mode
Stove Kraft IPO Tentative Timetable
The Stove Kraft IPO open date is Jan 25, 2021, and the close date is Jan 28, 2021. The issue may list on Feb 5, 2021.
