Stove Kraft Limited IPO
Stove Kraft Limited was a mainboard IPO in the Household Appliances sector, offered at ₹384–₹385 per share to raise ₹413 crore. The issue was subscribed 18.03× overall (QIBs 8.02×, NIIs 32.72×, retail 26.04×). It listed on 5 Feb 2021 at ₹498 and closed its first day at ₹446, a listing gain of +15.8% versus the ₹385 issue price. It now trades around ₹793 (+106.0% versus the issue price).
Frequently asked questions
- How many times was the Stove Kraft Limited IPO subscribed?
- The Stove Kraft Limited IPO was subscribed 18.03× overall — 8.02× in the QIB category, 32.72× among non-institutional investors, 26.04× in retail.
- What were the Stove Kraft Limited IPO listing gains?
- Stove Kraft Limited listed on 5 Feb 2021 at ₹498, closing its first day at ₹446 — a listing gain of +15.8% versus the ₹385 issue price.
- What were the retail allotment odds for the Stove Kraft Limited IPO?
- Retail was subscribed 26.04×, so a single-lot application had roughly a 3.8% chance of allotment (about 1 in 26), and allotment was finalised on 1 Feb 2021.
- What was the price band and lot size of the Stove Kraft Limited IPO?
- The price band was ₹384–₹385 per share, with a minimum lot of 38 shares (₹14,630 at the upper band).
- Who were the registrar and lead manager for the Stove Kraft Limited IPO?
- KFIN Technologies Private Limited was the registrar, and Edelweiss was the book-running lead manager.