New Issue Details

Stove Kraft Ltd Back
Registered Office:
81/1 Medamarana Halli Village,Harohalli Hobli KanakapurTaluk, Bangalore Rural - 562112, Karnataka, India. Phone : 91-80-28016222   Fax:91-80-28016209
Email :
Website :
Initial public offer of 10,717,532* equity shares of face value of Rs.10 each ("equity shares") of Stove Kraft Limited ("company" or "issuer") for Cash at a price of Rs. 385 per equity share (including a share premium of Rs. 375 per equity share) aggregating up to Rs. 412.63 Crores ("offer") Comprising of a fresh issue of 2,467,532 equity shares aggregating up to Rs.95 Crores ("fresh issue") and an offer for sale of 8,250,000 equity Shares comprising of 690,700 equity shares by the promoter, Rajendra Gandhi, 59,300 equity shares by the promoter, Sunita Rajendra Gandhi ("promoter selling shareholders"), 1,492,080 equity shares by Sequoia Capital India Growth Investment Holdings I ("sci-gih") and 6,007,920 equity shares by SCI Growth Investments II ("sci", together with sci-gih, "investor selling shareholders") (the Investor selling shareholders together with the promoter selling shareholders, the "selling shareholders"), and such offered shares, The "offered shares") aggregating up to Rs. 317.63 Crores ("offer for sale"). The offer will constitute 32.93%, of the post issue paid-up equity share Capital of the company. The Offer price Rs.385 per equity shares of Rs.10 each. The Offer price is 38.5 times of the face value.
Issue
Opens On Closes On
25-Jan-21 28-Jan-21
Money Payable On
Application Allotment
385.00 0.00
Minimum Application for shares in Nos : 38 Further Multiples of : 38
(₹)(Cr.) Lead Managers to the Issue
Project Cost (₹) 89.58 Edelweiss Financial Services Ltd
Project Financed through Current Offer (₹) 412.63  
Post Issue Equity Share Capital (₹) 32.55  
Issue Price (₹) 385.00  
Projects
Repayment/Pre-payment in full or part of certain borrowings availed by the company
General Corporate Purposes
Promoted By
Rajendra Gandhi
Sunita Rajendra Gandhi
Listing At
BSE
NSE
Registrar to the Issue
KFin Techologies Pvt Ltd
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SEBI Registration No :- NSE Capital Market- INB231289233, NSE Derivative Market(Equity)- INF231289233, NSE Derivative Market(Currency)-INE231289233, BSE Capital Market -INB011289239, BSE Derivative Market(Equity)-INF011289239, AMFI Code – ARN-76118
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