The kitchen appliance manufacturer Stove Kraft enters the market with IPO shares in the price band of Rs 384-358, which is expected to fetch Rs 412.62 crores at the upper price range. Stove Kraft IPO is the fourth IPO to open in this month after IRFC, Indigo Paints, and Home First Finance IPOs. IRFC IPO received a moderate subscription of 3.49 times, whereas Indigo Paints issue was subscribed 117.02 times.
Edelweiss Financial Services and JM Financial are appointed the book-running managers for the offer. The shares will list in BSE and NSE on February 5, 2021. Retail individual investors need to apply for a minimum of 38 shares and increase their bid size up to 13 lots or 494 shares.
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