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Stove Kraft IPO IPO

Mainline25 Jan 202128 Jan 2021
Open
25 Jan 2021
Close
28 Jan 2021
3
Allotment
Listing
Fri, Feb 5, 2021
Price Band
₹384 to ₹385
Issue Size
1,07,17,532 shares (agg. up to ₹413 Cr)
Lot Size
38 Shares
Listing Date
Fri, Feb 5, 2021
Latest GMP
₹35
Est. Gain
9.09%
✦ AI Insight

GMP Trend

03-02-202135Est. ₹420+9.09%
02-02-202150Est. ₹435+12.99%
30-01-202160Est. ₹445+15.58%

Live Subscription

CategorySubscription (times)
Total9.75x

Restated Financials (₹ Cr.)

Period Ended30 Sep 202031 Mar 202031 Mar 201931 Mar 2018
Assets498.50471.29425.73393.64
Total Income329.51672.91642.60534.59
Profit After Tax28.783.170.74-12.02
EBITDA45.0633.7929.829.97
NET Worth-29.94-60.18-63.95-180.10
Reserves and Surplus-54.66-84.90-88.66-199.00
Total Borrowing314.29337.93321.11396.25
Amount in ₹ Crore

Objects of the Issue

#Issue ObjectsEst Amt (₹ Cr.)
1Repayment/pre-payment, in full or part, of certain borrowings availed by our Company76.00
2General corporate purposes13.58

About Stove Kraft IPO

Stove Kraft 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. Stove Kraft 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. Competitive str

Contact Details

Stove Kraft Ltd. Address81/1, Medamarana Halli VillageHarohalli HobliKanakapura TalukRamanagara, Karnataka, 562112+91 80 2801 6222cs@stovekraft.comVisit Website