One of India’s largest suppliers of kitchen appliances is Stove Kraft. Under the brand name “Pigeon” and “Gilima” brands, the company produces and sells kitchen solutions and aims to produce value, premium and semi-premium kitchen supplies under the brand name “Black + Decker”. There are 660+ kitchen solutions in its product range, including cookware, cooking appliances, household utilities, and others. It also launched the production of Pigeon LED goods in 2019.
The corporate promoters are Rajendra Gandhi and Sunita Rajendra Gandhi. The company has a large distribution network as it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports under the “Pigeon” brand, and under the “Gilima” brand, it has 65 stores in 4 stations.
Company financial performance
Sep-20
March-20
March-19
March-18
Expenses
4,984.99
4,712.91
4,257.26
3,936.42
Revenue
3,295.09
6,729.14
6,425.98
5,345.85
Net income
287.76
31.70
7.36
120.18
Stove Kraft Limited IPO IPO Details
IPO Date
01/25/2021 to 01/28/2021
Issue Type
Book Built Issue IPO
Issue Size
Eq Shares of ₹10 (aggregating up to ₹412.63 Cr)
Fresh Issue
Eq Shares of ₹10 (aggregating up to ₹95.00 Cr)
Offer for Sale
8,250,000 Eq Shares of ₹10 (aggregating up to ₹[.] Cr)
Face Value
₹10 per equity share
IPO Price
₹384 to ₹385 per equity share
Market Lot
38 Shares
Min Order Quantity
Listing At
BSE, NSE
Stove Kraft Limited IPO IPO Tentative Timetable
Bid/Offer Launch date
01/25/2021
Bid/Offer Last date
01/28/2021
Basis of Allotment finalization date
01/02/2021
Initiation of Refunds
01/03/2021
Credit of Shares to Demat Account
01/04/2021
IPO Shares Listing Date
01/05/2021
Stove Kraft Limited IPO IPO Lot Size and Price (Retail)
