Stove Kraft Ltd. IPO Important Dates announcement

After IRFC, Indigo Paints, and Home First Finance IPO, Stove Craft is set to launch an IPO on January 25, 2021. The Stove Kraft Ltd. IPO will open for subscription on 25th January 2021 and will close on 28th January 2021. It will comprise a fresh issue of equity shares aggregating to Rs. 95 Crore and offer for sale of up to Rs. 82.50 lakh equity shares. Here in this post, you will know about the all-important dates of Stove Kraft Ltd. IPO.

Important Dates of Stove Kraft Ltd. IPO

The company is one of the largest kitchen appliances suppliers in India. It manufactures and sells kitchen solutions under the brand name of “Pigeon” and “Gilma”. Stove Krafts Ltd. also plans to commence manufacturing of cost-efficient, semi-premium, and premium kitchen solutions under the Black+ Decker brand.

The company will utilize the net proceeds from the public issue towards repayment or pre-payment of certain borrowings availed by the firm and for other general corporate purposes.

The promoters of the company are Rajendra Gandhi and Sunita Rajendra Gandhi. The lead managers to issue are Edelweiss Financial Service Limited, JM Financial Limited, and the registrar to this issue is KFin Technologies Private Limited.

Here is the all Important Dates of Stove Kraft Ltd. IPO-

Stove Kraft Ltd. IPO Opening Date

The Stove Kraft IPO will open on 25 January 2021. The market lot size is 38 shares with a price band of Rs. 384-385 per share, having a face value of Rs. 10 each.

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Stove Kraft Ltd. IPO Closing Date

After the opening of the IPO, the same will continue for 3 days and will close on 28th January 2021. Here a retail-individual investor can apply for up to 13 lots (494 shares or Rs. 1,90,190).

Also Read- How to check share allotment status of Stove Kraft Ltd. IPO

Stove Kraft Ltd. IPO Allotment Date

After the application of subscription completed on 28th January 2021, the shares will be allotted on the allotment date which is 02 February, 2021.

Stove Kraft Ltd. IPO Amount Refund Date

Allotment of shares in every IPO is done on a pro-rata basis, accordingly, for Stove Kraft IPO some investors who had applied for the IPO and not get shares will get their freeze amount refunded to their bank a/c on February 03, 2021.

When will shares of Stove Kraft Ltd. IPO get credited to Demat A/c

The allotment of shares will be successful on February 02, 2021, against which shares of Stove Craft Limited will get credited to the Demat a/c of investors on February 04, 2021.

Must Read- 9 Expected Upcoming IPO List For May and June 2021

What is the Stove Kraft Ltd. IPO Listing Date

The shares of Stove Kraft Ltd. get listed on February 05, 2021. The listing of Stove Krafts Limited shares will be on National Stock Exchange (NSE) as well as the Bombay Stock exchange (BSE).

FAQs

  1. What is the goal of the Stove Kraft Limited Public issue?

    The company will utilize the net proceeds from the public issue towards repayment or pre-payment of certain borrowings availed by the firm and for other general corporate purposes.

  2. What is the Stove Kraft Ltd. IPO Listing Date?

    The listing date of Stove Kraft Ltd. IPO will be 5th February, 2021.

  3. What is the Stove Kraft Ltd. IPO Launch Date?

    The Stove Kraft Ltd. Initial Public Offer will open on 25 January 2021 and close on 28 January 2021. The share of Stove Kraft is proposed to be listed on 5 February 2021.

  4. What is the Stove Kraft Ltd. IPO Allotment Date?

    The allotment date of the Stove Kraft Ltd. IPO will be 2 February 2021. The Stove Kraft Ltd. IPO market lot size is 38 shares with a price band of Rs. 384-385 per share, having a face value of Rs. 10 each.

  5. How many lots can a retail individual investor apply to Stove Kraft Ltd. IPO?

    The Stove Kraft Ltd. IPO market lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or Rs. 1,90,190).

  6. How to apply for Stove Kraft Ltd. IPO?

    Visit Here.
    Log in using your UCC Id and PAN Number.
    Enter the birth year to verify your account.
    Click on apply for an IPO section.
    Click on the ‘Details’ button below the widget of the IPO you are choosing to apply for.
    Use the details page to go through all the company-related details.
    Click on the ‘Place Bid’ button at the bottom.
    Enter your UPI ID and click on ‘Continue’.
    Enter the lot size and your bid amount and click ‘Continue’.
    Confirm the order.

    You will then see an order confirmation screen telling you whether or not your application was successful.

Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.

Investment in the securities market is subject to market risk. Read all scheme related documents before investing.

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