Stove Kraft is a kitchen arrangements and home arrangements brand. The organization is one of the predominant players for pressure cookers and among the market chiefs in the offer of detached hobs and cooktops. It is occupied with the assembling and retail of a wide and different set-up of kitchen arrangements under its Pigeon and Gilma brands, and proposes to begin assembling of kitchen arrangements under the BLACK + DECKER brand, covering the whole scope of significant worth, semi-premium and premium kitchen arrangements, individually.
Starting at 31 October 2019, its Pigeon marked items contributed 80.86% to its general deals and were among the main brands on the lookout for specific items such unattached hobs, cooktops, non-stick cookware, LPG gas ovens and enlistment cooktops. In 2016, the organization further broadened the Pigeon brand by dispatching LED items under it and in 2019, it started fabricating LED items at its Bengaluru Facility.
Its lead brands, Pigeon and Gilma, have partaken in a market presence of more than 14 years and partake in a high brand review among clients for quality and an incentive for cash. The organization likewise entered the exceptional portion in 2016 by marking a restrictive BLACK + DECKER Brand Licensing Agreement with Stanley Black and Decker, Inc. what’s more, The Black and Decker Corporation. The arrangement permits it to sell and give post – deals administrations comparable to a wide scope of items like blenders and juicers, breakfast machines, little cooking apparatuses and little homegrown machines.
Subscription Dates | 25 – 28 January 2021 |
Price Band | INR384 – 385 per share |
Fresh issue | INR95 crores |
Offer For Sale | 8,250,000 shares (INR316.8 – 317.62 crore) |
Total IPO size | INR411.8 – 412.62 crore |
Minimum bid (lot size) | 38 shares |
Face Value | INR10 per share |
Retail Allocation | 10% |
Listing On | NSE, BSE |
FY2018 | FY2019 | FY2020 | H1 FY2021 | |
Revenue | 534.6 | 642.6 | 672.9 | 329.5 |
Expenses | 547.1 | 641.4 | 669.4 | 300.7 |
Net income | -11.7 | 0.9 | 2.9 | 30.1 |
Margin (%) | -2.2 | 0.1 | 0.4 | 9.1 |
Earnings Per Share (EPS): INR1.05
Earnings Per Share (EPS): INR9.57 (H1 FY2021)
Price/Earnings (PE ratio): 365.71 – 366.67 (FY2020)
Price/Earnings (PE ratio): 20.06 – 20.11 (H1 FY2021 annualized)
Return on Net Worth (RONW): 2.51%
Net Asset Value (NAV): INR41.84 per share
NSE : STOVEKRAFT
BSE : 543260
ISIN CODE : INE00IN01015
Angel Broking – Neutral
Choice Broking – Avoid
Elite Wealth – Avoid
GEPL Capital – Subscribe
SAMCO – Avoid
Ventura Securities – Not rated
IPO Opening Date: 25 January 2021
IPO Closing Date: 28 January 2021
Finalisation of Basis of Allotment: 2 February 2021
Initiation of refunds: 3 February 2021
Transfer of shares to demat accounts: 4 February 2021
Listing Date: 5 February 2021
Opening Price on NSE: INR498 per share (up 29.35% from IPO price)
Closing Price on NSE: INR445.95 per share (up 15.83% from IPO price)
Stove Kraft Limited
81/1, Medamarana Halli Villagee
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112, Karnataka
Phone: +91 80 2801 6222
Email: cs@stovekraft.com
Website: www.stovekraft.com
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 3,215,260 | 0.00 | 0.08 | 8.01 |
NII | 1,607,629 | 0.04 | 1.85 | 32.72 |
Retail | 1,071,753 | 5.37 | 13.07 | 26.03 |
Total | 5,894,642 | 0.98 | 2.92 | 18.04 |
Stove Kraft IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹412.63 Crores. The issue is priced at ₹384 to ₹385 per equity share. The minimum order quantity is 38 Shares.The initial public offering (IPO) begins Jan 25, 2021 and ends on Jan 28, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Stove Kraft IPO opens on Jan 25, 2021 and closes on Jan 28, 2021.
Stove Kraft IPO lot size is 38 Shares and the minimum order quantity is 38 Shares.
Stove Kraft IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Stove Kraft IPO will be done on Feb 2, 2021, and the allotted shares will be credited to your demat account by Feb 4, 2021. Check the Stove Kraft IPO allotment status.
The Stove Kraft IPO listing date is on Friday, February 5, 2021.
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