Stovekraft IPO

Stove Kraft IPO 2021 : Price Band , Review, Date, Grey Market Premium, Allotment Status

India largest kitchen appliances company “Stovekraft” is coming with its IPO on January 25, at a price band of Rs 384-385.

Stovekraft own widely known flagship brands like Pigeon and Gilma, offers premium kitchen solutions through the products including pressure cookers, non-stick cookware, gas and induction cook tops etc.

Stovekraft manages a large product portfolio of over 660+ products with 34000+ dealers spread across India and 12 distributors for exports

Pigeon and Gilma (Famous Brands Of Stovekraft)


Stovekraft has a strong distribution network under the “Pigeon” brand, it has 651 distributors in 27 states and 5 UTs and 12 distributors for exports.

Stovekraft under the “Gilma” brand has able to capture the overseas market as well, garnering extensive global presence across Middle East, Kenya, Uganda, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, Oman and Tanzania.  Manpower in the company is currently consists of over 2,000 employees.

The company has manufacturing facilities in Bangalore and at Baddi, Himachal Pradesh.

Stove Kraft IPO Complete Details:

IPO Opening DateJan 25, 2021
IPO Closing DateJan 28, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹384 to ₹385 per equity share
Market Lot38 Shares
Min Order Quantity38 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹10
(aggregating up to ₹412.63 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹95.00 Cr)
Offer for Sale8,250,000 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Stovekraft IPO Allotment Size:

 The price band is fixed at 384-385 Rs. The company is planning to raise 412 crore via IPO.


The IPO will be used for the following purposes:

  • To make the repayment or pre-payment payment of company’s borrowings fully or partially.
  • To meet general corporate purposes.

Stove Kraft’s initial share-sale offer comprises a fresh issue of equity shares aggregating up to ₹95 crore and an offer for sale of up to 82.50 lakh equity shares.

Stove Kraft IPO Promoter Holding

Pre Issue Share Holding61.31%
Post Issue Share Holding

The offer for sale comprises up to :

6,90,700 shares by promoter Rajendra Gandhi;

up to 59,300 shares by promoter Sunita Rajendra Gandhi;

up to 14,92,080 shares by Sequoia Capital India Growth Investment Holdings

and up to 6,007,920 shares by SCI Growth Investments II.

Stove Kraft IPO Market Lot Size :

The Stove Kraft IPO market lot size is 38 shares. A retail-individual investor can apply for up to 13 lots (494 shares or RS 190,190).

ApplicationLotsSharesAmount (Cut-off)
Min138RS 14,630
Max13494RS 190,190

Stove Kraft IPO Timetable , Listing Date :

IPO Open Date :Jan 25, 2021
IPO Close Date :Jan 28, 2021
Basis of Allotment Date :Feb 2, 2021
Initiation of Refunds :Feb 3, 2021
Credit of Shares to Demat Account :Feb 4, 2021
IPO Listing Date in ExchangeFeb 5, 2021

FAQS About StoveKraft IPO:

Q : StoveKraft IPO Listing Date ?

A: The tentative date for IPO Listing is Feb 5, 2021.

Q : How to apply in Stove Kraft IPO through Zerodha?

A : You need to login into Zerodha. Click here To Login

Follow these Steps:

  • Visit the Zerodha website and login to Console.
  • Go to Portfolio and click the IPOs link.
  • Go to the ‘Stove Kraft IPO’ row and click the ‘Bid’ button.
  • Enter your UPI ID, Quantity, and Price.
  • ‘Submit’ IPO application form.
  • Visit the UPI App (net banking or BHIM)

Q : When Stove Kraft IPO will open?

A : Jan 25, 2021

Q: StoveKraft IPO Grey Market Premium?

A :

On 21 January 2021 @ 7.30 pm
Grey Market Premium Rs. 100-110
Application Rates :Rs. –
Subject to Rates : Rs. –

2 thoughts on “Stove Kraft IPO 2021 : Price Band , Review, Date, Grey Market Premium, Allotment Status”

  1. Pingback: Everything about Anupam Rasayan IPO 2021 - 999Stocks

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