The IPO of StoveKraft is all that the equity town is singing about. So what’s the deal with this? Read on to know about the company and the IPO.
Incorporated in 1999, StoveKraft is today the Largest Kitchen Appliances Company in India. With 600+ products, 34000+ dealers, and global presence across 14+ countries. Their clientele includes big names such as Walmart, Big Lots, and Belk in the USA. It has manufacturing facilities in two places – Bengaluru, Karnataka and Baddi, Himachal Pradesh.
It owns 3 well-known brands – Pigeon, Pigeon LED, and Gilma. It has also collaborated with Black Decker, a manufacturer of power tools, accessories, hardware, home improvement products and technology-based fastening systems headquartered in Towson, Maryland, United States of America.
The IPO proceeds will be utilised to meet the following objectives:
- To make the repayment or prepayment payment of company’s borrowings fully or partially
- To meet general corporate purposes.
Company Promoters:
Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.
Company Financials:
| Particulars | For the year/period ended 30-Sept-20 (₹ in million) | For the year/period ended 31-Mar-20 (₹ in million) | For the year/period ended 31-Mar-19 (₹ in million) | For the year/period ended 31-Mar-18 (₹ in million) |
|---|---|---|---|---|
Total Assets | 4,984 | 4,712 | 4,257 | 3,936 |
Total Revenue | 3,295 | 6,729 | 6,425 | 5,345 |
Profit After Tax | 287 | 31 | 7 | (120) |
Competitive Strengths
- India’s largest kitchen appliances company
- Portfolio demonstrates wide range
- Remarkable Brand Recognition
- Strong global presence and network of dealers
- Well-equipped manufacturing facility
Don’t miss out on this significant opportunity to upgrade your portfolio! Here are the IPO details.
IPO Date | Jan 25, 2021 – Jan 28, 2021 |
Issue Type | Book Built Issue IPO |
Issue Size | Equity Shares of ₹10 (aggregating up to ₹412.63 Cr) |
Fresh Issue | Equity Shares of ₹10 (aggregating up to ₹95.00 Cr) |
Face Value | ₹10 per equity share |
IPO Price | ₹384 to ₹385 per equity share |
Market Lot | 38 Shares |
Minimum Order Quantity | 38 Shares |
Listing at | BSE, NSE |
Minimum Lot & Amount | 38 Shares (1 Lot) / ₹ 14,630 |
Maximum Lot & Amount | 494 Shares (13 Lots) / ₹ 1,90,190 |
So, now that you know about the company and the IPO, there’s no reason to hesitate! Wait for the IPO to open, hop on to our website and make your bid.
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