Stove Kraft is one of the biggest Kitchen machine providers in India. The organization makes and sells kitchen arrangements under the brand name of “Pigeon” and “Gilima” brands and wanting to fabricate worth, premium, and semi-premium kitchen supplies under the “Black + Deckar” brand. Its item portfolio has 660+ kitchen arrangements including cookware, cooking machines, family utilities, and others. In 2019, it likewise began fabricating Pigeon LED items.
The organization has a solid circulation network as under the “Pigeon” brand, it has 651 wholesalers in 27 states and 5 association domains and 12 merchants for sends out and under the “Gilima” brand, it has 65 stores across 4 states and 28 urban communities. It not simply convey its items in the Indian market yet in addition send out them to nations like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, and so on
Stove Kraft has fabricating offices at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima marked apparatuses are made at its Bengaluru unit and the Baddi office centers around Oil Company Business (OCB) to make items like LPG ovens, inward top cooker, and so forth
Stove Kraft IPO Details:
| Opening Date | 25 JANUARY 2021 |
| Closing Date | 28 JANUARY 2021 |
| Type of Issue | Book Built Issue IPO |
| Size of Issue | – Equity Shares (aggregating up to ₹412.63 Cr) |
| Fresh Issue | – Equity Shares (aggregating up to ₹95.00 Cr) |
| Offer for Sale | 8,250,000 Equity Shares (aggregating up to ₹ Cr) |
| Listing At | BSE, NSE |
| Face Value | Rs.10 per eq. share |
| IPO Price | Rs. 384-385 |
| Market Lot | 38 Shares |
| Minimum Order Quantity | 38 Shares |
Stove Kraft IPO Tentative Time-Table:
| Opening Date | 25 JANUARY 2021 |
| Closing Date | 28 JANUARY 2021 |
| Allotment Date | 02 FEBRUARY 2021 |
| Refund Initiations | 03 FEBRUARY 2021 |
| Share Credit in Demat Account | 04 FEBRUARY 2021 |
| IPO Listing | 05 FEBRUARY 2021 |
Company Financials:
| 30-September-20 | 31-March-20 | 31-March-19 | 31-March-18 | |
| Assests | 4,984.99 | 4,712.91 | 4,257.26 | 3,936.42 |
| Revenue | 3,295.09 | 6,729.14 | 6,425.98 | 5,345.85 |
| Profit After Tax | 287.76 | 31.70 | 7.36 | (120.18) |
Grey Market Premium (GMP | Stove IPO GMP):
- 1.Grey market premium on 25 Jan 21 is ₹85-90
- 2.Grey market premium on 24 Jan 21 is ₹95-100
- 3.Grey market premium on 23 Jan 21 is ₹95-100
- 4.Grey market premium on 22 Jan 21 is ₹95-100