IPO Trending
STOVEKRAFTEQ / NSE, BSEListed
Stove Kraft

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 Price₹498.00
Listing Gain+29.35%

IPO Schedule & Timeline

Bookbuilding IPO
Open25 Jan 2021
Close28 Jan 2021
Allotment02 Feb 2021
Listing05 Mar 2021

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB80,38,150 shares
75%
HNI16,07,629 shares
15%
Retail10,71,753 shares
10%

Minimum Application Lots

Retail1 Lot (38 shares)
₹14,630
sHNI14 Lots (532 shares)
₹2,04,820
bHNI69 Lots (2,622 shares)
₹10,09,470

Company Promoters

Rajendra GandhiSunita Rajendra Gandhi

Company Background

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 int...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Sept-20)₹3295.09 Cr
Growth-38.4%
Revenue Trend (₹ in Crores)
0.02.6k5.2k7.7kMar-18Mar-19Mar-20Sept-20
PeriodRev (Cr)PAT (Cr)AssetsDebt
Sept-203,295.09287.764,984.990
Mar-206,729.1431.704,712.910
Mar-196,425.987.364,257.260
Mar-185,345.85120.183,936.420

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Kfin Technologies Limited

Allotment Finalized
Allotment Date
02 Feb 2021
Official Status
Out / Finalized
Registrar
Kfin Technologies Limited
Listing Date
05 Mar 2021

Official Allotment Verification Links

Official Registrar Portal
Kfin Technologies Limited

Direct allotment verification on the official registrar portal appointed for Stove Kraft. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

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Allotment Schedule & Milestones

IST
1. Allotment Finalization02 Feb 2021Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date05 Mar 2021Trading commences on exchange

How to Check Stove Kraft Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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Prospectus & Official Filings

Allotment FAQs & Help

About Stove Kraft IPO

Complete issue overview for Stove Kraft (STOVEKRAFT) IPO. The issue features an equity share price band of ₹384 – ₹385 per share with a minimum retail lot size of 38 Shares (minimum application amount of ₹14,630). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions