Stove Kraft Limited IPO
The Stove Kraft IPO of Rs 412.62 crores is set to open in the price band of Rs 384-385 on January 25, 2021. the issue size contains fresh issues worth Rs 95 crores and 82.50 lakh offer for sale equity shares from promoters and investors. The subscription window will remain open from January 25 to 28, 2021, and the tentative listing date is February 5, 2021. It is the fourth IPO of 2021 after IRFC, Indigo Paints, and Home First Finance Company.
Stove Kraft Limited IPO
Stove Kraft Limited
IPO Date : 25th January 2021 - 28th January 2021
₹20/- For Intraday, F&O, Currencies & Commodities
STOVE KRAFT LIMITED INFORMATION
Stove Kraft is one of the major kitchen appliance manufacturers and suppliers in the country. The company owns brand names of Pigeon and Gilima, and it proposes to begin producing soon for Black + Decker, covering the entire range from value, semi-premium, and premium kitchen solutions.
The company has a strong network of distributors and a chain of storefronts covering PAN India market. Stove Kraft also exports to USA, Kenya, Mexico, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, and several other countries. The two manufacturing units are located in Bengaluru and Baddi in Himachal, producing LPG stoves and inner lid cookers for its Oil Company Business (OCB).
Competitive strength
- One of the largest players in the domain
- Well-diverse product portfolio
- Modern and advanced manufacturing units
- Strong brand name
- Established channel of distributors
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