Stove Kraft IPO

Stove Kraft IPO Details

Into the last week of January, 2021 and we have already gone from railways to paints to home finance and now kitchen appliances. Stove Kraft is the largest kitchen appliance manufacturer in India..

With a multiple brand approach, most notably the flagship ‘Pigeon’ and ‘Gilma’ brands which are present across the country through a strong distribution network. Stove Kraft has a huge product portfolio with over 660 products. It has the single largest manufacturing facility in Bangalore and another in Baddi, Himachal Pradesh.

Stove Kraft has expanded into the global market with products offered in the Middle East, Kenya, Uganda, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, Oman and Tanzania. It boasts Walmart, Big Lots, and Belk in the USA among its prestigious clients.

• The total issue size is Rs 4,126.25 mn
• With this IPO, Stove Kraft intends to proceed with the OFS (8,250,000 Eq shares)

Stove Kraft IPO Review/Ratings

Key Competitive Strengths

1. Well recognized portfolio of Kitchen solutions brands with a diverse range of products across consumer preferences
2. Widespread, well connected distribution network with presence across multiple retail channels and dedicated after sale networks
3. Strong manufacturing capability with efficient backward integration
4. Consistent focus on quality and innovation
5. Professional management with extensive experience in kitchen solution industry
6. Strong track record and financial stability

Risk And Concerns

• Higher competitive home appliance market
• Weak margin performance record
• Sustainability of strong performance in H1FY21 in future is a major challenge

Download the Stove Kraft IPO Report

Stove Kraft IPO Fundamental Analysis

1. PE Ratio = 395.3 as on FY 20
2. Debt to Equity = 0.4
3. Return on Equity = 2.5% as on FY 20
4. PAT = Grew from 7.4 Mn in FY 19 to 31.7 Mn in FY 20
5. Operating Income = Grew from 6409.4 Mn in FY 19 to 6698.6 Mn in FY 20

Online Procedure to Apply For Stove Kraft IPO

1. Go to the IPO Section => IPO Listing => Open IPO.
2. On tapping Stove Kraft IPO, you can directly click on Subscribe to apply or even view the IPO details.
3. On the Subscribe Screen/Page, you will be required to enter the number of lots, cut-off price, UPI ID and tap Verify.
4. Once you select ‘Subscribe’. Your bid will be executed.
5. You can check the status of your IPO bid in the IPO Transactions section.

Click here to read the entire procedure to apply for the IPO
Apply for the Stove Kraft IPO with Choice FinX