Stove Kraft Limited

Stove Kraft Limited IPO Review

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 Dates25 – 28 January 2021
Price BandINR384 – 385 per share
Fresh issueINR95 crores
Offer For Sale8,250,000 shares (INR316.8 – 317.62 crore)
Total IPO sizeINR411.8 – 412.62 crore
Minimum bid (lot size)38 shares
Face Value INR10 per share
Retail Allocation10%
Listing OnNSE, 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 Limited IPO FAQ's

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.

Stove Kraft Limited IPO Comments