Stove Kraft IPO

Open Date 25th Jan 2021
Close Date 28th Jan 2021
Price Band Rs. 384 - Rs. 385 per equity share
Lot Size 38 shares and in multiples thereafter
Investment Per Lot Rs. 14,630 per lot
Listing at NSE and BSE
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Stove Kraft Limited 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 Dates

Open Date 25th Jan 2021
Close Date 28th Jan 2021
Allotment Date 2nd Feb 2021
Initiation of Refunds 3rd Feb 2021
Credit of Shares to Demat Account 4th Feb 2021
Listing Date 5th Feb 2021

Stove Kraft IPO Price

IPO Price Band Rs. 384 - Rs. 385 per equity share
Minimum Investment Amount Rs. 14,630
Maximum Investment Amount Rs. 1,90,190
Face Value Rs. 10 per equity share

Stove Kraft IPO Lot Size

Minimum Lot Size 1 (38 shares)
Maximum Lot Size 13 (494 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 Subscription Breakup

QIBs 75%
Non-Institutional Investors 15%
Retail Individual Investors 10%

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 Jiffy

Stove Kraft IPO FAQs

Yes, IPO application for Retail Investors is up to 2 Lakhs.
You will have to opt for the ASBA – Application Supported by Blocked Amount facility. Please get in touch with your bank for the same, do check if your bank is in the list of Banks here: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=34
No. Applications made by retail investors using third party UPI ID or by any category of investors using a third party bank account are liable for rejection.
Yes, before the issue closure date. You can do it through Jiffy itself. The blocked amount will be available in 1 working day.
To check your allotment status, use this link - https://kcas.kfintech.com/ipostatus/