| IPO Listing At | BSE, NSE |
| IPO Issue Type | Book Build Issue |
| Issue Size | ₹412.62 Cr |
| Fresh Issue | ₹95.00 Cr |
| Offer for Sale | ₹317.63 Cr |
| Face Value | โน10 Per Equity Share |
| Price Band | โน384.00-385.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 543260 |
| NSE Code | STOVEKRAFT |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | JM Financial Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 38 shares and in multiples thereof
Stove Kraft is one of the largest Kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of "Pigeon" and "Gilima" brands and planning to manufacture value, premium, and semi-premium kitchen supplies under the "Black + Decker" brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products.
The company has a strong distribution network as under the "Pigeon" brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports and under the "Gilima" brand, it has 65 stores across 4 states and 28 cities. It not just distribute its products in the Indian market but also export them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.
Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit and the Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.
Competitive strength
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (โน Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or part, of certain borrowings availed by our Company | 76.00 |
| 2 | General corporate purposes | 13.58 |
| Period Ended | 30 Sep 2020 | 31 Mar 2020 | 31 Mar 2019 | 31 Mar 2018 |
|---|---|---|---|---|
| Assets | 498.50 | 471.29 | 425.73 | 393.64 |
| Total Income | 329.51 | 672.91 | 642.60 | 534.59 |
| Profit After Tax | 28.78 | 3.17 | 0.74 | -12.02 |
| EBITDA | 45.06 | 33.79 | 29.82 | 9.97 |
| NET Worth | -29.94 | -60.18 | -63.95 | -180.10 |
| Reserves and Surplus | -54.66 | -84.90 | -88.66 | -199.00 |
| Total Borrowing | 314.29 | 337.93 | 321.11 | 396.25 |
| Amount in ₹ Crore | ||||