Stove Kraft Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Stove Kraft Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
IPO Snapshot
Key metrics and details at a glance.
Price Band
₹385
Per ShareLot Size
38 Shares
Minimum Investment
₹14,630
Issue Size
₹412.63 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Stove Kraft Ltd
Business model, operations, and market positioning.
Issue Type
Book Building
ISIN
INE00IN01015
About the Company
Stove Kraft Ltd is a kitchen solutions and an emerging home solutions brand as well as one of the leading brands for kitchen appliances in India. The Company is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under its Pigeon and Gilma brands and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand. Its kitchen solutions comprise of cookware and cooking appliances, and its home solutions comprise various household utilities, including consumer lighting, which enables it to be a one stop shop for kitchen and home solutions.
Industry Overview
The Company primarily operates in the kitchen appliances market which comprises instruments or devices designed for smooth functioning of kitchen activities. Kitchen appliances are used mainly for food preparation, cooking, storage and cleaning functions.
Products & Services
- Manufacture and retail of a wide and diverse suite of kitchen solutions under our Pigeon and Gilma brands and propose to commence manufacturing of kitchen solutions under the BLACK + DECKER brand.
Growth Strategy
- Increase its geographical reach and expansion of addressable market
- Scale up branding, promotional and digital activities
- Expand its portfolio in the existing product categories
- Invest in new plants and increase automation in existing manufacturing facilities
- Focus on and augment its LED consumer lighting business
- Increase exports
Customer Base
Wholesalers & Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
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.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- A one stop shop for well recognized, award winning portfolio of kitchen solutions brands with a diverse range of products across consumer preference
- Widespread, well connected distribution network with a presence across multiple retail channels and a dedicated aftersales network
- Strong manufacturing capability with efficient backward integration
- Consistent focus on quality and innovation
- Professional management with successful track record and extensive experience in the kitchen solutions industry, and a young and dynamic workforce
- The trademark for its marquee brand `Pigeon' is the subject matter of litigation, and there can be no assurance that it will be able to protect the trademark in the future
- The Company sources its raw materials from third parties with whom it do not have long term contract or price guarantees
- The Company rely heavily on its brand portfolio, and its inability to successfully maintain and promote its brand portfolio may adversely affect its results of operations
- Its business and results of operations have been, and may continue to be, adversely affected by the ongoing COVID-19 outbreak and associated responses
- Its operations are significantly dependent on third parties for the distribution and sales of its products