Stove Kraft IPO

Stove Kraft IPO Dates, price band, analysis

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Stove Kraft IPO is opening for subscription from 25 January 2021. the company aims for a total issue size of ₹ 412 crores (approx) through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Stove Kraft Limited

SK is a kitchen solutions and home solutions brand. The company is one of the dominant players for pressure cookers and amongst the market leaders in the sale of free-standing hobs and cooktops. It is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under its Pigeon and Gilma brands and proposes to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium, and premium kitchen solutions, respectively.

As of 31 October 2019, its Pigeon branded products contributed 80.86% to its overall sales and were amongst the leading brands in the market for certain products such as free-standing hobs, cooktops, non-stick cookware, LPG gas stoves, and induction cooktops. In 2016, the company further diversified the Pigeon brand by launching LED products under it and in 2019, it commenced manufacturing LED products at its Bengaluru facility.

Its flagship brands, Pigeon and Gilma, have enjoyed a market presence of over 14 years and enjoy a high brand recall amongst customers for quality and value for money. The company also entered the premium segment in 2016 by signing an exclusive BLACK + DECKER Brand Licensing Agreement with Stanley Black & Decker, Inc. and The Black and Decker Corporation. The agreement allows it to sell and provide post-sales services in relation to, a wide range of products such as blenders and juicers, breakfast appliances, small cooking appliances, and small domestic appliances.

Objective of the Issue

  • To make the repayment or prepayment payment of the company’s borrowings fully or partially.
  • to meet general corporate purposes.

Competitive strength

  • One of the largest kitchen appliance company in India.
  • Diversified product portfolio.
  • Strong brand name.
  • Strong distribution network.
  • Well-equipped manufacturing facility.

Basic details about the company

Full nameStove Kraft Limited
SectorConsumer durables
IndustryConsumer durables-domestic appliances

Dates to remember

IPO Opening date25 January 2021
IPO Closing date28 January 2021
Basis of Allotment date02 February 2021
Initiation of Refunds03 February 2021
Credit to Demat Account04 February 2021
 Listing Date05 February 2021

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹ 412 crores (approx)
Number of shares offered18,443,920 Shares
Face value₹10 per equity share
Price band ₹384 to ₹385 per equity share
Retail portion35%
Lot size38 Nos
Minimum application1 lot – 38 shares
Maximum application13 lot – 494 shares
Minimum application amount₹14,630
maximum application amount₹190,190
Listing ExchangeBSE, NSE

Financial summary

Stove Kraft’s financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income-
Margin (%)-

Valuation of Stove Kraft (as of FY2020)

Earnings Per Share (EPS)₹1.05
Price/Earnings (PE ratio)To be updated
Return on Net Worth (RONW)2.51%
Net Asset Value (NAV)₹41.84 per share

Company Promoters

  • Rajendra Gandhi
  • Sunita Rajendra Gandhi

Stove Kraft IPO Lead Managers

  • JM Financial Consultants Private Limited
  • Edelweiss Financial Services Limited

Registrar of Stove Kraft IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551 

Company Contact Details

Stove Kraft Limited
81/1, Medamarana Halli Villagee
Harohalli Hobli, Kanakapura Taluk
Ramanagar District, 562 112, Karnataka
Phone: +91 80 2801 6222
Email: Website:

Stove Kraft IPO Subscription Status

CategoryDay 1D 2D 3

Stove Kraft IPO Allotment Status

Stove Kraft IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status. 

Final thoughts

Stove Kraft IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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