Stove Craft IPO to Open on January 25

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Stove Craft - Company Analysis, Stock Price, Market News

Stove Craft’s IPO opens for subscription on January 25 and closes on January 28. The price band for the issue has been fixed at Rs. 384-385 per share. The public issue comprises a fresh issue of Rs. 95 crore by the company and an offer for sale of 82.50 lakh shares by promoters and investors. The company will utilize its net proceeds from the fresh issue for repayment of certain borrowings (Rs. 76 crore) and general corporate purposes. Investors can bid for a minimum of 38 equity shares and in multiples of 38 shares thereafter.


Price band: Rs. 384-385 per share

IPO opens on: January 25, 2021

IPO closes on: January 28, 2021


Stove Craft is one of the leading brands for kitchen appliances. The company is one of the dominant players for pressure cookers and amongst the market leaders in the sale of free-standing hobs and cooktops. It is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under Pigeon and Gilma brands.

This would be the fourth company to open an IPO in the month of January. We already have Indian Railway Finance Corporation, Indigo Paints, which remains open for bidding, and Home First Finance Company, which opens today.

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

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