Stove Kraft Limited
ListedMainboardConsumer Discretionary · NSE / BSE
Stove Kraft is one of India’s largest kitchen appliance suppliers, manufacturing and selling products under the “Pigeon” and “Gilima” brands, and planning value, premium, and semi-premium products under the “Black + Decker” brand. Its portfolio includes over 660 kitchen solutions such as cookware, cooking appliances, household utilities, and LED products introduced in 2019. The company has a robust distribution network with 651 distributors for Pigeon across 27 states and 5 union territories, 12 export distributors, and 65 Gilima stores across 28 cities in 4 states. Stove Kraft exports to countries including the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, and Kuwait. Its manufacturing facilities are located in Bengaluru, Karnataka, for Pigeon and Gilima products, and Baddi, Himachal Pradesh, focusing on LPG stoves and related products.
Price Band
₹384 – ₹385
Issue Size
₹413 Cr
Lot Size
38 shares
GMP
₹35
+9.1%
Est. Listing
₹420
at current GMP
Subscribed
—
Open
25 Jan 2021
Close
28 Jan 2021
Allotment
2 Feb 2021
Refund
3 Feb 2021
Demat Credit
4 Feb 2021
Listing
5 Mar 2021
Last updated 12 days ago
Official Registrar Verification
Stove Kraft Limited Allotment Status
Designated Registrar: Kfin Technologies Limited
Allotment Date
2 Feb 2021
Basis finalization
Refunds Initiate
3 Feb 2021
Mandate release
Demat Credit
4 Feb 2021
Shares in demat
Listing Debut
5 Mar 2021
Trading begins
How to Check Stove Kraft Limited IPO Allotment Status
- Click the Check on Registrar button above to visit Kfin Technologies Limited's allotment portal.
- Select Stove Kraft Limited from the dropdown company list.
- Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
- Enter your details accurately and solve the Captcha code.
- Click Submit / Search to view the number of shares applied and allotted to you.
About Stove Kraft Limited Public Issue & Market Profile
Stove Kraft Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹413 Crores. The shares are offered at a price band of ₹384 to ₹385 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Public Issue & Allotment Procedure:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 38 shares (approx. ₹14,630 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Official Allotment Timelines & Registrar Guidance:
Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-02-04, while un-allotted funds or UPI block mandates will be released on 2021-02-03.
Frequently Asked Questions
What if my name is not showing on the registrar portal?
Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.
How will I receive the refund if I don't get allotment?
Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.