Stove Kraft Ltd. IPO Review and Analysis

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 are the Stove Kraft Ltd. IPO review and analysis.

Stove Kraft Ltd. IPO review and analysis

Let’s have a complete review and analysis of Stove Kraft Ltd. IPO details about the company, financial analysis, competitive strengths, object of the IPO, important dates, and some important FAQs, etc.

About the Company- Stove Kraft Limited

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.

Pigeon and Gilma are the flagships brands of Stove Kraft with a market presence of more than 15 years. The company has undertaken co-branding activities with companies like Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited to utilize their sales and distribution channels to increase the outreach.

Competitive Strengths of the Stove Kraft Limited

A) One of the largest kitchen appliances company in India.

B) Diversified Product Portfolio.

C) Strong Brand Name.

D) Strong Distribution Network.

E) Well-equipped manufacturing facility.

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Stove Kraft Limited Financial Analysis

Here is the financial analysis to opt for Stove Kraft Limited for the year/period ended (Rs. in million).

ParticularsApr- Sep 2020FY March 2020FY March 2019FY March 2018
Total Assets4984.994712.914257.263936.42
Total Revenue3295.096729.146425.985345.18
Profit After Tax (PBT) 287.2631.707.36-120.18

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The object of the Stove Kraft public issue

Utilization of Fund- 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.

Stove Krafts Limited IPO Details

After IRFC, Indigo Paints, and Home First Finance IPO, Stove Craft is set to launch an IPO on January 25, 2021. 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.

Also Read- List of more upcoming IPO in January 2021

Here are the complete details of Stove Krafts Limited IPO-

ParticularsIPO Details
IPO Opening DateJan 25, 2021
IPO Closing DateJan 28, 2021
Issue TypeBook Built Issue IPO
Issue AmountRs. 412.63 Crore
Fresh IssueRs. 95 Crore
offer for sale82,50,000 equity shares of Rs. 10
Face Value of ShareRs. 10 per Share
Price Band of IPORs. 384 to 385 per equity shares
Lot Size38 Shares and in multiples thereafter
Listing AtBSE and NSE
Source – RHP

Stove Krafts Ltd. IPO Dates- Tentative Time Table

ParticularsDates
IPO Open DateJan 25, 2021
IPO Close DateJan 28, 2021
Basis of Allotment DateFeb 02, 2021
Initiation of RefundsFeb 03, 2021
Credit of Share to Demat A/cFeb 04, 2021
IPO Listing DateFeb 05, 2021
Stove Kraft Ltd. IPO review and analysis

Stove Krafts Limited IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum138Rs. 14,950
Maximum13494Rs. 1,90,190

Stove Kraft IPO DRHP and RHP

Also Read- What is the meaning of DRHP and why it is important in IPO

FAQs

  1. Who is the promoter of Stove Kraft Limited?

    The promoter of Stove Kraft is KFin Technologies Private Limited.

  2. 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.

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

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

  4. 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.

  5. 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.

  6. 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).

  7. 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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