Stove Kraft Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 8,038,150 (75%) | — | ₹30,947 Cr |
| NII (HNI) | — | 1,607,629 (15%) | — | ₹6,189 Cr |
| Retail | — | 1,071,753 (10%) | — | ₹4,126 Cr |
| Σ Total | — | 10,717,532 (100%) | — | ₹412,625 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 38 | ₹14,630 |
| Retail (Max) | 13 | 494 | ₹190,190 |
| S-HNI (Min) | 14 | 532 | ₹204,820 |
| B-HNI (Min) | 67 | 2,546 | ₹980,210 |
Financial Statements Amount in Crore
| Metric | 30-Sept-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 330 | 673 | 643 |
| Profit After Tax | 29 | 3 | 1 |
| Total Assets | 499 | 471 | 426 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment/pre-payment, in full or part, of certain borrowings availed by our Company – 76.00
- 2 General corporate purposes – 13.58
Company Overview
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. In 2019, it also started manufacturing Pigeon LED products.
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. It not just distribute its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.
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.