Stove Kraft  IPO @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, this is the Only Investment Platform in India, which has successfully completed 21 Years

Stove Kraft IPO Listing Estimate: The brand is very popular. The shares are offered at reasonable valuation. The stock market is in bullish position and Grey market fancy has improved sharply, all these factors suggest strong listing ( Rs. 470+). and one may hold the scrip even for longer period for better returns.

Stove Kraft  IPO Live Review & Analysis :@ youtube.com/c/chanakyanipothi

Stove Kraft IPO GMP Today #
On 5 February 2021
Grey Market Premium Rs. 78
Allotted Application Rates :Rs. 3000
For Past trend ,See Page bottom box

Stove Kraft IPO Subscription
On 28.01.2021 @ 5.00 pm
QIB 3215,260 Sh: 8.02 T
NII 1607629 Sh : 32.72 T
RII 1071753 Sh: 26.04 T
Tot 5894642 Sh : 18.03 T

Stove Kraft limited Company Details
Stove Kraft is a kitchen solutions and an emerging home solutions brand. Further, it is one of the leading brands for kitchen appliances in India and are one of the dominant players for pressure cookers and a market leader in the sale of free standing hobs and cooktops.
Stove Kraft is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under its Pigeon and Gilma brands, and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium and premium kitchen solutions, respectively.
Its kitchen solutions comprise of cookware and cooking appliances across its brands, and its home solutions comprise various household utilities, including consumer lighting, which not only enables it to be a one stop shop for kitchen and home solutions, but also offer products at different pricing points to meet diverse customer requirements and aspirations.

In 2016, it further diversified the Pigeon brand by launching LED products under it.
Its flagship brands, Pigeon and Gilma, have enjoyed a market presence of over 13 years and enjoy a high brand recall amongst customers for quality and value for money. Pigeon has been listed as one of the “India’s Most Admired Brands 2016” by White Page International. As a result of its co-branding initiative over 7 years with LPG companies such as Indian Oil Corporation Limited and Hindustan Petroleum Corporation Limited to utilize their sale and distribution channels, its Pigeon brand has enjoyed a wide customer outreach and continues to have a high brand recall value.

The strengths of the company:
* A one stop shop for well recognized, award winning portfolio of kitchen solutions brands with a diverse range of products across consumer preference;
* Widespread, well connected distribution network with a presence across multiple retail channels and a dedicated aftersales network;
* Strong manufacturing capability with efficient backward integration;
* Consistent focus on quality and innovation;
* Professional management with successful track record and extensive experience in the kitchen solutions industry, and a young and dynamic workforce; and
* Strong track record and financial stability
For more study : www.stovekraft.com

The promoters of Stove Kraft limited
Rajendra Gandhi &
Sunita Rajendra Gandhi

Stove Kraft limited IPO Main Objects
The Offer comprises of a Fresh Issue and an Offer for Sale.
The Company proposes to utilise the Net Proceeds of the Fresh Issue for Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company

Stove Kraft limited IPO Details
IPO Opens on : 25 Jan 2021
IPO Closes on : 28 Jan 2021
Issue Type: Book Built Issue IPO
Issue Size :1,07,17,532 Shares Rs 412.63 Cr
(i)Fresh Issue  aggregating to Rs 95Cr
(ii) Offer for Sale  aggregating to Rs 317.63 Cr
Face Value per share : Rs. 10
Equity Shares outstanding prior to the Issue = 3,00,80,631 Shares
Fresh Issue of 24,67,532 Shares @385/- = Rs.95.00Crs
Offer for Sale of 82,50,000 Shares @385/- = Rs.317.63Crs
Equity Shares outstanding after the Issue = 3,25,48,163 Shares

Stove Kraft IPO Price Band Per Equity Share: Rs. 384-385
Stove Kraft IPO Lot Size 38 Shares
Listing will at: BSE,NSE

Shares offered to
Anchor – 48,22,889 Shares = 185.68Crs
QIB – 32,15,260 Shares = 123.79Crs
NII – 16,07,630 Shares = 61.89Crs
RII – 10,71,753 Shares = 41.26Crs (Lot size: 38 = 28,204 Forms)
Total Issue – 1,07,17,532 Shares = 412.63Crs

Stove Kraft limited IPO Tentative timeTable
21 Jan 2020 : Price Band announced
22 Jan 2020 : Anchor List
Stove Kraft IPO Opens on 25 Jan 2021 :
Stove Kraft IPO Closes on 28 Jan 2021
3 Feb 2021 : Finalisation of Basis of Allotment
3 Feb 2021 : Unblocking of ASBA“
4 Feb 2020 : Credit to Demat Accounts
Stove Kraft IPO Listing on 5 Feb 2021

Stove Kraft limited IPO Financial Details :
Earnings per Share 2017-18 Rs (4.95)
Earnings per Share 2018-19 Rs 0.27
Earnings per Share 2019-20 Rs 1.05
Earnings per Share 2020-21,6M Rs 9.57

Return on Net Worth: 17-18 N.M. %
Return on Net Worth: 18-19 0.60 %
Return on Net Worth: 19-20 2.51 %
Return on Net Worth 2020-21,6M 18.43%
Book Value of the Share as on 30.09.2020 Rs 51.89
Book Value of the Share after the IPO Rs 77.14

Upper Price Band/last EPS: 385
Upper offer price/BV after IPO Ratio: 5
Equity Shares outstanding prior to the Offer ? Equity Shares
Equity Shares outstanding after the Offer [?] Equity Shares

Peer Comparison:
TTK Prestige @ PE Ratio of 44.93
Hawkins Cookers @ PE Ratio of 42.25
Butterfly Gandhimathi @ PE Ratio of 284.29

Stove Kraft limited IPO Lead Managers 
Edelweiss Financial Services Limited
JM Financial Limited

Stove Kraft limited , Registrar to the  IPO
KFin Technologies Private Limited

Registered Office of Stove Kraft limited
81/1, Medamarana Halli Village,
Harohalli Hobli,
Kanakapura Taluk,
Ramanagar District, 562 112,
Karnataka, India
Company Secretary and Compliance Officer
Shashidhar SK

Stove Kraft IPO Grey Market Premium Trend
On 4 February 2021 @ 7.00 pm
Grey Market Premium Rs. 78
Allotted Application Rates :Rs. 3000
On 4 February 2021 @ 12.00 noon
Grey Market Premium Rs. 65
Allotted Application Rates :Rs. 1500
On 3 February 2021 @ 6.00 pm
Grey Market Premium Rs. 40
Application Rates :Rs. 1000
On 3 February 2021 
Grey Market Premium Rs. 60
Application Rates :Rs. –

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