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Open
25 Jan 2021
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Close
28 Jan 2021
3
Allotment
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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
03-02-2021₹35Est. ₹420+9.09%
02-02-2021₹50Est. ₹435+12.99%
30-01-2021₹60Est. ₹445+15.58%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 9.75x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 498.50 | 471.29 | 425.73 | 393.64 |
| Total Income | 329.51 | 672.91 | 642.60 | 534.59 |
| Profit After Tax | 28.78 | 3.17 | 0.74 | -12.02 |
| EBITDA | 45.06 | 33.79 | 29.82 | 9.97 |
| NET Worth | -29.94 | -60.18 | -63.95 | -180.10 |
| Reserves and Surplus | -54.66 | -84.90 | -88.66 | -199.00 |
| Total Borrowing | 314.29 | 337.93 | 321.11 | 396.25 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 76.00 |
| 2 | General corporate purposes | 13.58 |
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