Stove Kraft IPO, Price Band set at Rs. 384-385 to open on January 25th:
Stove Kraft IPO, price band set at Rs. 384-385. One of India’s leading kitchen appliance brands. It has agreed to launch its initial public subscription offering on 25th January and this will be the fourth company to open an IPO in January. Therefore, the following is the closure of the Indian Railway Finance Corporation on January 20th. Indigo Paints, which is still open for bidding, and launch of the Home First Finance Company today.
Hence, the price band for the issue which will close on 28th January set at Rs. 384-385 per share. However, the public issue comprises the company’s new issue of Rs. 95 crore and the bid for the sale by promoters and investors of 82.50 lakh shares.
The offer for sale includes 6,90,700 shares of Rajendra Gandhi. 59,300 of Sunita Rajendra Gandhi, 14,92,080 of Sequoia Capital India Growth Investment Holdings I, and 60,07,920 of SCI Growth Investments.
Edelweiss Financial Services and JM Financial are the Leading Managers of the Book on the Issue:
Similarly, for the repayment of some borrowings (Rs. 76 crores) and general corporate purposes, the company will use its net proceeds from the new issue. Moreover, investors can bid for at least 38 shares of equity and then for multiples of 38 shares thereafter. One of the leading players in pressure cookers and among the industry leaders. In the selling of freestanding hobs and cookers is the Sequoia Capital-backed kitchen solutions company.
However, it involved in manufacture and retailing. A large and varied range of kitchen solutions under the brand’s Pigeon and Gilma and proposes to start the manufacture of kitchen solutions under the name BLACK + DECKER, covering the full range of value, semi-premium, and premium kitchen solutions, respectively. Currently, promoters Rajendra Gandhi and Sunita Rajendra Gandhi hold 1,84,43,919 shares, representing 61.31 percent of the company’s pre-offer paid-up equity capital. In conclusion, Edelweiss Financial Services and JM Financial are the leading managers of the book on the issue.