Watch this space for latest updates around the subscription status of Stove Kraft IPO.
Stove Kraft Listed 21-29% Premium
Companies | Type | Bidding Dates | |
Regular | Opens 06 Nov | ||
Regular | - | ||
Regular | - | ||
Regular | - | ||
Regular | - |
Subscription status for each investor category:
Subscription status for each investor category:
Subscription status for each investor category:
Subscription status for each investor category:
Subscription status for each investor category
A few days before the launch of the IPO, Stove Kraft Limited raised over Rs.185 crore from 32 anchor investors. According to a BSE circular issued on Friday January 22, the company allocated 48,22,290 shares at Rs.385 per share to anchor investors.
The list of anchor investors included names like Nippon Life India Trustee, Goldman Sachs India, Integrated Core Strategies Asia Pte Ltd, IIFL Special Opportunities Fund, and Sundaram Mutual Fund. Stove Kraft has scheduled the launch of the IPO on January 25, 2021, and wants to raise Rs.412.63 crore via a fresh issue and offer for sale.
Also Read: How to Apply for Stove Kraft IPO
Stove Kraft is launching the IPO for a fresh issue of equity shares totaling up Rs.95 crore and an offer for sale of up to 82.50 lakh shares. The offer for sale comprises up to 6,90,700 shares by Rajendra Gandhi, 59,300 shares by Sunita Rajendra Gandhi, 14,92,080 shares by Sequoia Capital India Growth Investment Holdings, and 6,007,920 shares by SCI Growth Investments II.
The opening date of the IPO is Monday, January 25, 2021, and the closing date is Thursday, January 28, 2021. The price band is Rs.384-385 per share and the lot size is 38 shares. Hence, retail investors need to invest at least Rs.14630 per lot. Also. Retail individual investors can apply for up to 13 lots (or 494 shares). Hence, the maximum application amount is Rs.190,190. Further, retail investors will be able to bid for 35% of the issue, with 15% earmarked for HNIs, and 50% for Qualified Institutional Buyers.
Stove Kraft is primarily engaged in the manufacture of kitchen solutions. Its product range includes cookware, cooking appliances, and home solutions. It has two manufacturing units; one in Baddi (Himachal Pradesh) and the other in Bengaluru (Karnataka).