Stove Kraft Ltd IPO

Closed

IPO Details

  • Open Date 25-Jan-21
  • Close Date 28-Jan-21
  • Lot Size 38
  • IPO Size ₹ 412.63 Cr
  • IPO Price Range ₹ 385
  • Min Investment ₹ 14630
  • Listing Exchange -
  • Basis of Allotment TBA
  • Refunds TBA
  • Credit to Demat Account TBA
  • Listing Date TBA

IPO Synopsis

Initial public offer of 10,717,532* equity shares of face value of Rs.10 each (equity shares) of Stove Kraft Limited (company or issuer) for Cash at a price of Rs. 385 per equity share (including a share premium of Rs. 375 per equity share) aggregating up to Rs. 412.63 Crores (offer) Comprising of a fresh issue of 2,467,532 equity shares aggregating up to Rs.95 Crores (fresh issue) and an offer for sale of 8,250,000 equity Shares comprising of 690,700 equity shares by the promoter, Rajendra Gandhi, 59,300 equity shares by the promoter, Sunita Rajendra Gandhi (promoter selling shareholders), 1,492,080 equity shares by Sequoia Capital India Growth Investment Holdings I (sci-gih) and 6,007,920 equity shares by SCI Growth Investments II (sci, together with sci-gih, investor selling shareholders) (the Investor selling shareholders together with the promoter selling shareholders, the selling shareholders), and such offered shares, The offered shares) aggregating up to Rs. 317.63 Crores (offer for sale). The offer will constitute 32.93%, of the post issue paid-up equity share Capital of the company. The Offer price Rs.385 per equity shares of Rs.10 each. The Offer price is 38.5 times of the face value.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Stove Kraft Ltd IPO

Contact Information

81/1 Medamarana Halli Village,
Harohalli Hobli KanakapurTaluk,
Bangalore Rural, Karnataka 562112

Stove Kraft Ltd IPO Lead Manager

Edelweiss Financial Services LtdJM Financial Ltd

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