Stove Kraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of “Pigeon” and “Gilima” brands and planning to manufacture value, premium, and semi-premium kitchen supplies under the “Black + Decker” brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. Company also started manufacturing Pigeon LED products in 2019.
The company has a strong distribution network as under the “Pigeon” brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the “Gilima” brand, it has 65 stores across 4 states and 28 cities. Company not just distribute this products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait and many more.
Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit and the Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.
Competitive strength
One of the largest kitchen appliance company in India.
Diversified product portfolio.
Strong brand name.
Strong distribution network.
Well-equipped manufacturing facility.
Stove Kraft IPO Details
| 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 |
| BSE Script Code | 543260 |
| NSE Symbol | STOVEKRAFT |
| ISIN | INE00IN01015 |
| Issue Size | Aggregating up to ₹412.63 Cr |
| Fresh Issue | Aggregating up to ₹95.00 Cr |
| Offer for Sale | Aggregating up to ₹[.] Cr |
Stove Kraft IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | 25-Jan-21 |
| IPO Close Date | 28-Jan-21 |
| Basis of Allotment Date | 2-Feb-21 |
| IPO Listing Date | 5-Feb-21 |
Stove Kraft IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 38 | ₹14,630 |
| Maximum | 13 | 494 | ₹190,190 |
IPO Allotment Status
Click to find Allotment Status for Stove Crafts Ltd
Company Financials:
| PARTICULAR | 30-Sep-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 | 31.7 | 7.36 | -120.18 |
Company Promoters:
Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.
Objects of the Issue:
The IPO proceed will be used for the following purposes.
To make the repayment or prepayment payment of company’s borrowings fully or partially
To meet general corporate purposes.
REGISTRAR & COMPANY DETAILS
| Company Contact Information | Stove Kraft IPO Registrar |
| Stove Kraft Limited 81/1, Medamarana Halli Village Harohalli Hobli, Kanakapura Taluk Ramanagar District, 562 112 Phone: +91 80 2801 6222 Email: cs@stovekraft.com Website: http://www.stovekraft.com/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: stovekraft.ipo@kfintech.com Website: https://karisma.kfintech.com/ |
