Stovekraft IPO Closed

A popular kitchen appliances company is going public.

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Date 25 Jan 2021 – 28 Jan 2021
Price range 384 – 385
Minimum order quantity 38
(D)RHP View

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The Sequoia-backed Stovekraft is launching its IPO. The public offering comprises a fresh issue worth Rs. 145 crores and an offer for sale of around 71 lakhs shares from the promoters.

What does Stovekraft do?

Stovekraft is an appliance company that manufactures and retails kitchen solutions under the brands Pigeon and Gilma.

How profitable is Stovekraft?

Financial Year Ended Revenue Restated Profit/(Loss) Basic EPS Diluted EPS EBITDA
March 2018 5,289.52 (120.00) (4.95) (4.95) 99.72 
March 2019 6,409.38 7.33 0.27 0.27 298.22 
March 2020 6,698.61 31.6 1.05 1.05 337.92
For six months ended September 30, 2020 (not annualised) 3,288.36 287.73  9.57 9.57 450.63

How do I apply for the Stovekraft IPO?

You can apply for the Stovekraft IPO using any supported UPI app by following two steps:
  • Enter your bid on Console
  • Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.