{"id":20427,"date":"2021-01-23T11:29:40","date_gmt":"2021-01-23T05:59:40","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=20427"},"modified":"2021-01-23T14:53:19","modified_gmt":"2021-01-23T09:23:19","slug":"stovekraft-ipo-from-jan-25-2021-to-jan-28-2021","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/stovekraft-ipo-from-jan-25-2021-to-jan-28-2021\/20427","title":{"rendered":"StoveKraft IPO from Jan 25, 2021 to Jan 28, 2021"},"content":{"rendered":"\n<p>The IPO of StoveKraft is all that the equity town is singing about. So what\u2019s the deal with this? Read on to know about the company and the IPO.&nbsp;<\/p>\n\n\n\n<p>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 &#8211; Bengaluru, Karnataka and Baddi, Himachal Pradesh.<\/p>\n\n\n\n<p>It owns 3 well-known brands &#8211; 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.&nbsp;<\/p>\n\n\n\n<p>The IPO proceeds will be utilised to meet the following objectives:<\/p>\n\n\n\n<ul><li>To make the repayment or prepayment payment of company&#8217;s borrowings fully or partially<\/li><li>To meet general corporate purposes.<\/li><\/ul>\n\n\n\n<h2>Company Promoters:<\/h2>\n\n\n\n<p>Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.<\/p>\n\n\n\n<h2>Company Financials:<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">Particulars<\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>For the year\/period ended <strong>30-Sept-20<\/strong><\/strong> <strong>(\u20b9 in million)<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>For the year\/period ended 31-Mar-20<\/strong> <strong>(\u20b9 in million)<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>For the year\/period ended <strong>31-Mar-19<\/strong><\/strong> <strong>(\u20b9 in million)<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>For the year\/period ended <strong><strong>31-Mar-18<\/strong><\/strong> (\u20b9 in million)<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\"><br><strong>Total Assets<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>4,984<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>4,712<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>4,257<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>3,936<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><br><strong>Total Revenue<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>3,295<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>6,729<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>6,425<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>5,345<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\"><br><strong>Profit After Tax<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>287<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>31<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>7<\/td><td class=\"has-text-align-center\" data-align=\"center\"><br>(120)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Competitive Strengths<\/strong><\/p>\n\n\n\n<ul><li>India\u2019s largest kitchen appliances company<\/li><li>Portfolio demonstrates wide range<\/li><li>Remarkable Brand Recognition<\/li><li>Strong global presence and network of dealers<\/li><li>Well-equipped manufacturing facility<\/li><\/ul>\n\n\n\n<p>Don\u2019t miss out on this significant opportunity to upgrade your portfolio! Here are the IPO details.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>IPO Date<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>Jan 25, 2021 &#8211; Jan 28, 2021<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Issue Type<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>Book Built Issue IPO<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Issue Size<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>Equity Shares of \u20b910 (aggregating up to \u20b9412.63 Cr)<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Fresh Issue<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>Equity Shares of \u20b910 (aggregating up to \u20b995.00 Cr)<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Face Value<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>\u20b910 per equity share<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>IPO Price<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>\u20b9384 to \u20b9385 per equity share<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Market Lot<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>38 Shares<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Minimum Order Quantity<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>38 Shares<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Listing at<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>BSE, NSE<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Minimum Lot &amp; Amount<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>38 Shares (1 Lot) \/ \u20b9 14,630<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\"><br>Maximum Lot &amp; Amount<\/td><td class=\"has-text-align-left\" data-align=\"left\"><br>494 Shares (13 Lots) \/ \u20b9 1,90,190<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>So, now that you know about the company and the IPO, there\u2019s no reason to hesitate! Wait for the IPO to open, hop on to our website and make your bid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IPO of StoveKraft is all that the equity town is singing about. So what\u2019s the deal with this? Read on to know about the company and the IPO.&nbsp; 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 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StoveKraft IPO from Jan 25, 2021 to Jan 28, 2021<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wealthindia.com\/blog\/bulletin\/stovekraft-ipo-from-jan-25-2021-to-jan-28-2021\/20427\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StoveKraft IPO from Jan 25, 2021 to Jan 28, 2021\" \/>\n<meta property=\"og:description\" content=\"The IPO of StoveKraft is all that the equity town is singing about. 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