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Issue Open Date
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25-Jan-21
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Issue Closing Date
|
28-Jan-21
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Application Money
|
100
|
|
Allotment Money
|
|
|
|
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Price Band
|
384
-
385
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Minimium Application No.
|
38
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Issue Size (Shares)
|
10717532
|
|
Market Lot
|
1
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|
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Objective
|
Objects of the Fresh IssueOur Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:1. Repayment/pre-payment, in full2. General corporate purposes.
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|
|
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Category
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No. of Shares
|
No. of Shares
|
Subscription Ratio
|
|
Offered / Reserved |
Bid For |
|
Non-Institutional Investors
|
1607629
|
52601234
|
32.7197593474614
|
Qualified Institutional Buyers
|
3215260
|
25775438
|
8.0165952364661
|
Retail Individual Investors
|
1071753
|
27906706
|
26.0383745135306
|
|
|
|
Business Description
Stove Kraft is a kitchen solutions and an emerging home solutions brand. It is one of the leading brands for kitchen appliances in India, and are 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 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. The company’s 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.
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|
Promoter's Holding
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|
Total Share Capital
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18443920
|
|
Offered to Public
|
10717532
|
|
Promoter's Holding (Pre-Issue)
|
74.62
|
|
Promoter's Holding (Post-Issue)
|
54.36
|
|
|
|
|
|
|
|
Address |
#81/1 Medamaranahalli Harohalli Industrial Area Harohalli Hobli Ramanagara District
Bengaluru,
Karnataka,
562112
Phone : 080-28016222
Email : info@stovekraft.com
Website : www.stovekraft.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
Karvy Selenium Tower B Plot 31-32 Gachibowli Financial District Nanakramguda Hyderabad
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Listed at |
BSE, NSE
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Lead Manager |
Edelweiss Financial Services Ltd JM Financial Ltd.
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Promoters |
Rajendra Gandhi Sunita Rajendra Gandhi
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|