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STOVEKRAFTEQ / NSE, BSEListed

Stove Kraft Limited

Stove Kraft is one of India’s largest kitchen appliance suppliers, manufacturing and selling products under the “Pigeon” and “Gilima” brands, and planning value, premium, and semi-premium products under the “Black + Decker” brand. Its portfolio includes over 660 kitchen solutions such as cookware, cooking appliances, household utilities, and LED products introduced in 2019. The company has a robust distribution network with 651 distributors for Pigeon across 27 states and 5 union territories, 12 export distributors, and 65 Gilima stores across 28 cities in 4 states. Stove Kraft exports to countries including the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, and Kuwait. Its manufacturing facilities are located in Bengaluru, Karnataka, for Pigeon and Gilima products, and Baddi, Himachal Pradesh, focusing on LPG stoves and related products.

₹384 - ₹385Open
Listed Price498.00
Listing Gain+29.35%
TimelineBookbuilding IPO
Open25 Jan 2021
Close28 Jan 2021
Allotment02 Feb 2021
Listing05 Mar 2021

Quota Reservation Portions

QIBPortion: 80,38,150 shares
75%
HNIPortion: 16,07,629 shares
15%
RetailPortion: 10,71,753 shares
10%

Minimum Application Bracket Matrix

Retail1 lots / 38 shares
₹14,630
sHNI14 lots / 532 shares
₹2,04,820
bHNI69 lots / 2,622 shares
₹10,09,470

About the Company

Stove Kraft is one of India’s largest kitchen appliance suppliers, manufacturing and selling products under the “Pigeon” and “Gilima” brands, and planning value, premium, and semi-premium products under the “Black + Decker” brand. Its portfolio includes over 660 kitchen solutions such as cookware, cooking appliances, household utilities, and LED products introduced in 2019. The company has a robust distribution network with 651 distributors for Pigeon across 27 states and 5 union territories, 12 export distributors, and 65 Gilima stores across 28 cities in 4 states. Stove Kraft exports to countries including the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, and Kuwait. Its manufacturing facilities are located in Bengaluru, Karnataka, for Pigeon and Gilima products, and Baddi, Himachal Pradesh, focusing on LPG stoves and related products.

Company Promoters

Rajendra GandhiSunita Rajendra Gandhi
Stove Kraft Limited IPO Details | GMP, Allotment & Financials | IPO Trending