What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Stove Kraft Limited IPO?

Stove Kraft Limited IPO has received a total subscription of 0.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Stove Kraft Limited

ListedMainboard

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

₹35

+9.1%

Est. Listing

₹420

at current GMP

Subscribed

—

Open

25 Jan 2021

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

0.00x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 0.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	5,363,636	—	0.00x
Non-Institutional (NII / HNI)	1,609,091	—	0.00x
Retail Individual (RII)	3,754,545	—	0.00x
Total	10,727,272	0	0.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	98,804	98,804	1.00x
HNIs (10L +)	632	632	1.00x
HNIs (2-10L)	3,025	3,025	1.00x
Total Applications	102,461	102,461	1.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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 Schedule:

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 is Stove Kraft Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Stove Kraft Limited IPO is ₹35 per equity share. Based on the upper price band of ₹384 to ₹385 per equity share, the estimated listing price is ₹420 (+9.1% expected listing gain).

What is the expected profit per lot for Stove Kraft Limited IPO?

With a lot size of 38 shares and current GMP of ₹35, the expected profit per application lot is approx ₹1,330 (+9.1% gain). Minimum application cost is approx ₹14,630.

What is the issue size and price band for Stove Kraft Limited IPO?

The Stove Kraft Limited IPO aggregate issue size is ₹413 Crores with an equity price band set at ₹384 to ₹385 per equity share. The retail lot size is 38 shares requiring a minimum capital outlay of approx. ₹14,630.

How can I check Stove Kraft Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Stove Kraft Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2021-02-02. Investors can verify status using PAN card or application number.

When is the listing date for Stove Kraft Limited IPO?

Stove Kraft Limited shares are scheduled to list on NSE and BSE on 2021-03-05.