
Consumer 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
+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: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹385
Band: ₹384 – ₹385
Estimated Listing Price
₹420
Upper price + GMP
Lot Size
38 shares
Min investment ₹14,630
Estimated Profit / Lot
₹1,330
38 × ₹35
Grey Market Premium trend
+₹35
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹35 | 9.1% | ₹420 |
| 30 Oct 2026 | +₹35 | 9.1% | ₹420 |
| 29 Oct 2026 | +₹32 | 8.2% | ₹417 |
GMP is unofficial market data. Not a guarantee of listing performance.
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.
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.
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.
The latest grey market premium for Stove Kraft Limited IPO is ₹35, which indicates an expected listing price of ₹420.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.