Stovekraft IPO Details


Stovekraft Limited (ISO 9001:2008 certified) 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 wide distribution network and a strong manufacturing capability. As of September 30, 2020, it had an installed annual production capacity of 38.40 million units, with the capability to manufacture products in the pressure cookers, non-stick cookware (roller coated and spray-coated), LPG stoves, mixer grinders, LED bulbs, iron and induction cooktops categories. Similarly, as of September 30, 2020, the Baddi Facility, focused on the Oil Company Business, which includes manufacturing and co-branding of products with such Companies, has an installed capacity of 2.80 million units per annum, with the capability to manufacture products such as LPG stoves and inner lid cooker.


Stove Kraft Limited proposes to utilize the net proceeds from the fresh issue for

  • repayment/prepayment, in full or part, of certain borrowings availed by it
  • general corporate expenses.

Company Strengths

  • One of the largest kitchen appliance company in India.
  • Diversified product portfolio.
  • Strong brand name.
  • Strong distribution network.
  • Well-equipped manufacturing facility.

IPO Details

  • Issue opens on: Jan. 25
  • Issue closes on: Jan. 28
  • Allotment Date: Feb. 2
  • Listing Date: Feb. 5
  • Face value: Rs 10 per share
  • Price band: Rs 384-385
  • Lot Size: 38
  • Cost of 1 lot: Rs 14,630
  • Fresh issue: Rs 95 crore
  • Offer for sale: 82.5 lakh shares

Check Stovekraft IPO allotment status

Registrar for Stovekraft IPO is KFinTech. You can check status of Stovekraft IPO allocation at KFinTech Website from 3rd Feb onwards.

Details taken from RHP and Stovekraft

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