One of the prime Kitchen appliance company, Stove Kraft is coming out with an IPO from Jan 25, 2021 to Jan 28, 2021 with a price band of Rs.384 to Rs.385 per equity share with a face value of Rs.10 per equity share. The Shares will get listed on both NSE and BSE. The minimum bid quantity is 38 shares.
Stove Kraft, being one of the largest Kitchen appliance suppliers in India is into the business of kitchen solutions. With established brands like “Pigeon”, “Gilma” and “Black Decker”, the company is planning to manufacture value, premium and semi premium kitchen supplies. The product portfolio comprise of more than 600 kitchen solutions including cookware, cooking appliances, household utilities, and others.
Stove Kraft also started manufacturing Pigeon LED products in the year 2019.
Stove Kraft has a strong distribution network with 651 distributors in 27 states and 5 union territories and 12 distributors for exports under the “Pigeon” brand and has 65 stores across 4 states and 28 cities under the “Gilima” brand. The export base for the company covers countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.
One of the manufacturing facility of Stove Kraft is situated at Bengaluru (Karnataka) producing all appliances covered under Pigeon and Gilma brands. The other facilty at Baddi (Himachal Pradesh) focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.
Promoters:
Rajendra Gandhi
Sunita Rajendra Gandhi
Company Financials:
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 4,984.99 | 4,712.91 | 4,257.26 | 3,936.42 | |
| Total Revenue | 3,295.09 | 6,729.14 | 6,425.98 | 5,345.85 | |
| Profit After Tax | 287.76 | 31.70 | 7.36 | (120.18) | |
Stove Kraft IPO Details
| IPO Opening Date | Jan 25, 2021 |
| IPO Closing Date | Jan 28, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹384 to ₹385 per equity share |
| Market Lot | 38 Shares |
| Min Order Quantity | 38 Shares |
| Listing At | BSE, NSE |
Important dates of Stove Kraft IPO
| IPO Open Date | Jan 25, 2021 |
| IPO Close Date | Jan 28, 2021 |
| Basis of Allotment Date | Feb 2, 2021 |
| Initiation of Refunds | Feb 3, 2021 |
| Credit of Shares to Demat Account | Feb 4, 2021 |
| IPO Listing Date | Feb 5, 2021 |
Important Dates and Milestones for Stovekraft IPO
- Issue opens on Jan 25, 2021 and closes on Jan 28, 2021.
- The Allotment date for Stovekraft IPO issue is expected on Feb 02, 2021
- The amount for unsuccessful investor will get unblocked on Feb 03, 2021.
- The Shares of Stovekraft will get credited to Demat accounts on Feb 04, 2021
- The Shares of Stovekraft IPO will be listed on both NSE and BSE on Feb 05, 2021
Check Stovekraft IPO Allotment Status Online
The applicants can check their Stovekraft IPO Allotment Status on the Tentative Date of Allotment, normally scheduled at 3rd or 4th working day after the IPO Closure. SEBI has mandates timelines for completion of IPO Allotment and as such the entire process of allotment gets completed in a week after the IPO closure. The Tentative date for Stovekraft IPO Allotment Status is Feb 02, 2021. In case, the Subscription does not remain so great for Stovekraft IPO, the chances of getting share allotment for Stovekraft IPO is high. However, in case, the subscription figures remains high, the chances of getting one lot in retail will be fairly minimal. It has been observed that with over subscription, the demand for shares on the listing date remains very high. One can check Stovekraft IPO Allotment Status by following 3 simple steps
CHECK Stovekraft IPO ALLOTMENT STATUS
- Visit to the website of RTA (Link Intime for this IPO) on a given Link specifically for checking Stovekraft IPO
- Enter detail like PAN number or Demat Account number or Application number
- Check status
What next after Stovekraft IPO
In case you are successful applicant, the share will get credited to your Demat account in next 1-2 days specifically before Listing date. As such, you are free to keep or sell your allocated shares. In case, you have not received allotment, the amount blocked in your bank account will get unblocked.
CHECK Stovekraft IPO ALLOTMENT STATUS
Bid details for Stovekraft IPO
| Price (in Rs.) Quantity |
Subscription figures for Stovekraft IPO
| Category | No. of shares offered | No. of shares bid for | Category Subscription |
| Qualified Institutional Buyers (QIBs) | |||
| Foreign Institutional Investors (FIIs) | – | ||
| Domestic Financial Institutions | |||
| Mutual Funds | – | ||
| Others | – | ||
| Non Institutional Investors | |||
| Corporates | – | ||
| Individuals (Other than RIIs) | – | ||
| Others | – | ||
| Retail Individual Investors (RIIs) | |||
| Cut Off | – | ||
| Price Bids | – | ||
| Employee Reserved | |||
| Employee (Cut off) | – | ||
| Employee (Price) | – | ||
| Reservation PortionShareholder | – | – | |
| Reservation Portion Shareholder (Cut off) | – | – | |
| Reservation Portion Shareholder (Price) | – | – | |
| Total |
FAQs for Stovekraft IPO
What is the date of Allotment for Stovekraft IPO?
Usually the entire allotment process gets completed within a week of IPO closure date. The Expected date of Allotment of Stovekraft IPO is Feb 02, 2021. One can check the allotment status on this date online through the below given link
CHECK Stovekraft IPO ALLOTMENT STATUS
How I need to pay for the shares?
Since this is an IPO through ASBA route, the amount for the applied shares will get blocked in the respective bank account. In case of allotment of shares, the amount get deducted from the bank account else get unblocked. The expected date of unblocking of this amount is the following date of allotment of shares. Now you can also subscribe the shares through UPI route. Apply here for Stovekraft IPO
When will I get my subscribed shares in my Demat account?
Usually, the allotted shares are credited to demat account atleast a day before listing which in this case Feb 01, 2021
When will the trading begins in the exchanges for Stovekraft shares?
The trading in shares of Stovekraft IPO begins on the listing day which is Feb 05, 2021. The trading begins simultaneously in both exchanges i.e. NSE and BSE
What will be the basis of allotment in Stovekraft IPO?
The basis of Allotment will be book building. As such, the priority of allotment will be given to subscribers with better price quotes. In case of same rate quotes or “cut off price” the allotment is on the basis of computerized lucky draw.
How can I check Stovekraft IPO allotment status?
Earlier is a lengthy and cumbersome process but now it is very simple and online way to check Stovekraft allotment status. All you need to do is to click on the below stated link and enter requisite details like application number, PAN number or DP client id. Please proceed to know Stovekraft IPO allotment status. Normally there is very high traffic at the time of checking IPO allotment status so one should be very calm and quite for extracting information from the given link
CHECK Stovekraft IPO ALLOTMENT STATUS Here
How will I get my refund amount, if shares are not allotted?
In case of unsuccessful investors who did not get the allotment, the amount will get unblocked in their bank account on Feb 03, 2021.
How to increase chances of allotment in case of Retail investor?
Since the basis of Allotment will ‘Book Building’, the price of application to be filled as ‘Cut off” which signified that the application will be applied as the lowest rate on which the allotment is made. As a retail investor, one should apply for one lot in multiple names. As such in case of over-subscription, each investor taken out of from a computerized lucky draw will be given one lot only. More name in that list increase chances of allotment as well.
