Stove Kraft IPO – Review, Dates, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the Stove Kraft IPO release date, IPO offer price, subscription, Stove Kraft IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.Stock Broker Complaints


Stove Kraft IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Stove Kraft IPO

Stove Kraft IPOStove Kraft Limited are engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under the 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. They are kitchen solutions and an emerging home solutions brand.

Our kitchen solutions comprise of cookware and cooking appliances across our brands, and our home solutions comprise various household utilities, including consumer lighting, which not only enables us 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.

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements,

  • As of October 31, 2019, our Pigeon branded products contributed 80.86% to our overall sales and for Fiscal 2019, Fiscal 2018 and for the six month period ended September 30, 2019, Pigeon branded products contributed 81.24%, 86.89% and 80.86% to our overall sales respectively.
  • As of October 31, 2019, the six month period ended September 30, 2019 and for Fiscal 2019 and 2018, our Gilma branded products contributed 2.34%, 2.36%. 3.75% and 5.58% of our overall sales, respectively and our BLACK + DECKER products contributed 2.59%, 2.37%, 2.67% and 0.88% of our overall sales, respectively.

The Promoters of this company are Rajendra Gandhi and Sunita Rajendra Gandhi. The lead manager to the issue are Edelweiss Financial Services Limited,  IDFC Bank Limited, JM Financial Limited  and the Registrar to this issue is  Karvy Computershare Private Limited.


Subscribe to Stove Kraft IPO

    Fill the Details Below
    1. Subscribe to IPOOpen Demat Account



    Stove Kraft IPO Date

    The opening and the closing date of Stove Kraft Limited IPO is not known yet.


    Stove Kraft IPO Subscription

    Day / DateQIBNIIRIITotal Subscription
    1st Day – 
    2nd Day – 
    3rd Day – 
    4th Day – 
    Shares Offered or Net Issue

    The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


    Stove Kraft IPO Allotment Status

    Here, you can find the Allotment Status of this IPO.

    Stovr Kraft IPO Listing Date

    Find the dates below on basis of allotment, refund, listing and more:

    Basis of Allotment Finalization
    Refunds Initiation
    Credit of Shares to Demat Account
    Share Listing Date

    Stove Kraft IPO Price Band / Cash Price

    The face value of each share is Rs.10, but the price band of the IPO is [●] 


    Stove Kraft IPO Size

    This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of [●] per equity share aggregating to [●] Million.


    Rossari Biotech IPO Share Offering

    Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company of Rs.10 each at a price of [●] per equity share aggregating to Rs.1,450.00 Million,

    Offer for Sale : Offer for sale of up to 71,63,721 Eq Shares by the Promoter Selling Shareholder aggregating up to Rs.[●] million.


    Stove Kraft Limited – Company Overview

    Stove Kraft Limited are engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under their 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. They are kitchen solutions and an emerging home solutions brand. Further, they are 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 .

    Their kitchen solutions comprise of cookware and cooking appliances across their brands, and their home solutions comprise various household utilities, including consumer lighting, which not only enables us 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.

    The Company is promoted by Rajendra Gandhi and Sunita Rajendra Gandhi and is the guiding force behind the growth and strategic decisions of the Company.

    Competitive Strengths of Stove Kraft Limited :

    • 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 after sales 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;
    • Strong track record and financial stability.

    Business strategies of Stove Kraft Limited :

    • Increase their geographical reach and expansion of addressable market.
    • Scale up branding, promotional and digital activities.
    • Expand their portfolio in the existing product categories.
    • Invest in new plants and increase automation in existing manufacturing facilities.
    • Focus on and augment their LED consumer lighting business
    • Increase exports

    Stove Kraft Limited – Financial Statements

    A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

    Financial Summary:

    On the basis of standalone  financial statement:

    Amount (in INR & Million)
    30-Sep-1931-Mar-19Mar-1831-Mar-17
    Total Assets4,934.774,257.263,936.423,508.87
    Total Revenue3,174.336,425.985,345.855,179.54
    Total Expense3,126.806,413.745,471.405,361.79
    Profit After Tax43.897.36(120.18)(185.03)

    Earnings per Equity Share (in Millions)

    Amount (in INR & Million)
    30-Sep-19Mar-1931-Mar-1831-Mar-17
    Basic & Diluted1.770.33(6.35)(9.78)

    From the above statements, one could find that the Stove Kraft Limited may perform well.


    Stove Kraft IPO – Promoters

    The Promoters of this company are:

    1. Rajendra Gandhi
    2. Sunita Rajendra Gandhi

    List of Related Parties (Key Managerial Personnel)

    • Senthil Kumar R
    • Venkitesh N
    • Rajendra Gandhi
    • Neha Gandhi
    • Shashidhar SK
    • Tamal Krishna Chaudhuri
    • Kamal Aneja
    • Ravikumar Mylsamy
    • Rohit Mago

    Interest in promotion of the Company

    Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.

    Property Interest

    The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.

    Interest in Intellectual Rights of the Company

    Promoters has not shown any interest in acquiring the intellectual rights of the company.


    Stove Kraft IPO Offer Details or Issue Details

    Offer of Equity SharesUp to [●] Eq Shares, aggregating up to Rs. [●] million
    Of which:
    Fresh IssueUp to [●] Equity Shares, aggregating up to Rs. 1,450.00 million
    Offer to SaleUp to 71,63,721 Eq Shares, aggregating up to Rs. [●] million
    The Offer consists of:
    QIB Portion
    Up to [●] Equity Shares
    Of which:
    Anchor Investor PortionNot more than [●] Eq Shares
    QIB Portion (assuming the Anchor Investor Portion is fully subscribed)[●] Equity Shares
    Of which:
    Mutual Fund Portion (5% of the QIB Portion)[●] Equity Shares
    Balance for all QIBs including Mutual Funds[●] Eq Shares
    Non-Institutional Portion Not more than [●] Equity Shares
    Retail PortionNot more than [●] Eq Shares
    Equity Shares outstanding prior to the Offer[●] Equity Shares
    Equity Shares outstanding post to the Offer[●] Equity Shares

    Stove Kraft IPO Issue Object

    These are the IPO Issue Objects of the company-

    • To meet the Working Capital Requirements
    •  General Corporate Purposes

    Stove Kraft IPO – Basis of the Offer Price

    The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

    Qualitative factors are:

    • 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 after sales 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;
    • Strong track record and financial stability.

    The relevant quantitative factors are:

    On the basis of Standalone statement:-

    Basic & Diluted EPSRONW (%)NAV (Rs.)
    31-Mar-17(9.78)N.M.
    31-Mar-18(6.35)N.M.
    31-Mar-190.33N.M.(25.87)
    • Industry P/E Ratio:
    ParticularsP/E ratio
    Average45.18
    Highest49.86
    Lowest42.25
    • Competitive Peers:
    ParticularsFace Value (in Rs.)EPS  (Basic In Rs.)EPS  (Diluted In Rs.)P/E RatioNAV
    (Rs. per
    share)
    RoNW
    (%)
    Stove Kraft Limited100.330.33(25.87)N.M.
    TTK Prestige 10138.76138.7643.431,009.6722.59
    Hawkins Cookers10102.53102.5342.25224.3245.71
    Butterfly Gandhimathi
    Appliances
    105.155.1549.86105.935.05

    Stove Kraft IPO Lead Managers

    Lead Managers
    Edelweiss Financial Services Limited

    IDFC Bank Limited

    JM Financial Limited

    Stove Kraft IPO – Registrar to the Offer

    Registrar to the Offer
    Karvy Computershare Private Limited
    Karvy Selenium, Tower B Plot 31-32, Gachibowli
    Financial District, Nanakramguda
    Hyderabad 500 032
    Tel: +91 40 6716 2222
    Fax: +91 40 2343 1551
    E-mail: stovekraft.ipo@karvy.com
    Investor grievance e-mail:
    einward.ris.ipo@karvy.com
    Website: www.karvy.com
    Contact Person: M. Murali Krishna
    SEBI Registration No.: INR00000022

    Other Details:

    • Statutory Auditor –  M/s Deloitte Haskins & Sells
    • Peer Review Auditor – M/s Deloitte Haskins & Sells
    • Bankers to the Company – Standard Chartered Bank

    Stove Kraft IPO Review by Top 10 Stock Brokers

    Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
    Angel Broking7.5/107.4/108.5/108.1/107.1/10
    Sharekhan7.2/107.1/108.6/108.1/107.2/10
    Kotak Securities7.3/107.5/108.4/108.1/107.3/10
    ICICI Direct7.3/107.3/108.7/108.1/107.1/10
    IIFL7.5/107.2/108.8/108.0/107.1/10
    Edelweiss7.5/107.4/108.4/108.3/107.2/10
    Zerodha7.4/107.1/108.5/108.1/107.0/10
    5Paisa7.1/107.1/108.4/108.1/107.1/10
    Karvy7.4/107.3/108.2/108.1/107.1/10
    Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

    Stove Kraft IPO Grey Market Premium

    The Stove Kraft IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


    Subscribe to Stove Kraft IPO

      Fill the Details Below
      1. Subscribe to IPOOpen Demat Account


      Stove Kraft IPO News

      News 1 – IPO ISSUE OPENS SOON (Download Prospectus)


      Market Guide

      What is IPO?
      IPO Investment
      IPO Valuation
      Upcoming IPOs

      Featured Topics

      Best Discount Broker in India
      Top 10 Sub Broker Partner in India
      Best Stock Broker in India
      Sub Broker Franchise
      Best Demat Account
      Brokerage Calculator
      Best Full Service Broker in India
      Broking Franchisee
       Best Intraday Trading Brokers in India

      Leave a Reply

      Your email address will not be published. Required fields are marked *

      19 + 6 =     

      Get 100% IPO Allotment Guarantee! Subscribe to IPO
      ×

      Share your details & Become Sub Broker Now!

        1. Become Sub Broker

        Offer valid for limited time.

        ×

        Share your details & Open Demat A/C Now!

          1. Open Demat Account

          Offer valid for limited time.

          ×

          Share your details & Get IPO Allotment Now!

            1. Invest in IPO

            Offer valid for limited time.

            ×

            Share your details & Invest in PMS Now!

              1. Invest in PMS / AIF / PCG

              Offer valid for limited time.