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 |