Details you shouldn't miss about Stovekraft Limited IPO.

IPO News 15 May 2021 1:40:PM

Stove-kraft-Limited-IPO_(1) Stove-kraft-Limited-IPO_(1)

The very first month of 2021 is just started and we had 3 IPOs so far, IRFC, Indigo paints, and HFFC., And now Stove kraft limited is all set to shoot its IPO on January 25th, 2021. It is going to be an open subscription and in this blog, you will read every important detail about Stove kraft Limited’s IPO. With Our IPO portal, you can easily apply for this IPO via UPI.

The IPO of Stove Kraft Ltd, a kitchen appliance maker, will open for subscription on 25 January and will conclude on 28 January. A price band of Rs.384 to Rs.385 per equity share has been set by the firm. The initial share-sale offer of Stove Kraft comprises a new issue of equity shares totaling up to 95 crores and an offer to sell up to 82.50 lakh of equity shares. 

Important Details about Stovekraft Limited: 

Date Of IPO 25th January 2021 to 28th January 2021.
Type of Issue  Book Built Issue.
Size of Issue  Equity Shares of Rs.10 totaling up to Rs.412.63 Crore.
Fresh Issue Equity Shares of Rs.10 totaling up to Rs.95 Crore.
Offer for Sale 8,250,000 Equity Shares of Rs.10.
Face Value  Rs.10 per equity share.
IPO Price Rs.384 to Rs.385 per equity share.
Min Order Quantity 38 shares.
Market value  38 Shares. 
Listing at  BSE, NSE. 
Last Date  January 28th, 2021.

About Stovekraft Limited:

It is in the kitchen appliances market. Pigeon and Gilma comprise the flagship brands. Via our large range of products, it provides kitchen solutions, including pressure cookers, non-stick cookware, gas, and induction cooktops, mixer grinders, chimneys, and hobs, among others. The company has manufacturing facilities in Bangalore and at Baddi, Himachal Pradesh.

The book running lead managers to the offer are Edelweiss Financial Services and JM Financial. While KFin Technologies Private Ltd will be the registrar to the issue.

To apply for this IPO visit here and easily apply with UPI. Be the client of one of the most trusted stock-broker in Mumbai with a very few steps Click Here

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