StoveKraft Limited IPO (Stove Kraft IPO) Detail

Stovekraft IPO
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StoveKraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of “Pigeon” and “Gilima” brands and planning to manufacture value, premium, and semi-premium kitchen supplies under the “Black + Decker” brand.

Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products.

The company has a strong distribution network as under the “Pigeon” brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the “Gilima” brand, it has 65 stores across 4 states and 28 cities.

It not just distribute its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.

StoveKraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit and the Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.

Strovekraft Limited IPO

Competitive strength

  • One of the largest kitchen appliance company in India.
  • Diversified product portfolio.
  • Strong brand name.
  • Strong distribution network.
  • Well-equipped manufacturing facility.

Company Promoters

Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.

Company Financials

ParticularsFor the year/period ended (₹ in million)
Total Assets4,984.994,712.914,257.263,936.42
Total Revenue3,295.096,729.146,425.985,345.85
Profit After Tax287.7631.707.36(120.18)

Objects of the Issue

  • To make the repayment or prepayment payment of company’s borrowings fully or partially
  • To meet general corporate purposes.
Object Of The Issue

StoveKraft IPO Details

IPO Opening DateJAN 25, 2021
IPO Closing DateJAN 28, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price[384] to [385] per equity share
Market Lot38 Shares
Min Order Quantity38 Shares
Listing AtBSE, NSE
Issue Size₹950 Cr.
Offer for Sale82,50,000 Eq Shares of ₹10

StoveKraft IPO – Schedule

IPO Open DateJAN 25, 2021
IPO Close DateJAN 28, 2021
Finalization of Basis of AllotmentFEB 02, 2021
Initiation of RefundsFEB 03, 2021
Credit of Shares to Demat AccountFEB 04, 2021
IPO Listing DateFEB 05, 2021

StoveKraft IPO Lots Size & Price (Retail)

ApplicationLotsSharesAmount ( Cut-Off)

Stovekraft IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

Stovekraft IPO 
How To Apply For IPO

Apply For Stovekraft IPO Through ASBA

First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.

You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.

All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.

The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.

Now, most of you are probably thinking about how to use the Stovekraft IPO with ASBA. The process can be completed online or offline for your convenience.

Apart from this, you can also bid for an Stovekraft IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)

Company Contact Information

Laxmi Organic Industries Limited
AStove Kraft Limited
81/1, Medamarana Halli Village
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112

Phone: +91 80 2801 6222


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