InvestorQ : With Stove Kraft getting the go-ahead for the IPO, do you see the new issue as worth investing into?
Tisha Malhotra made post

With Stove Kraft getting the go-ahead for the IPO, do you see the new issue as worth investing into?

Answer
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Moii Chavate answered.
4 months ago


Stove Kraft Ltd, the kitchen appliances manufacturer, has got SEBI’s approval to float its IPO. As per the DRHP, the public offer will comprise fresh issue of equity shares aggregating to Rs.145 crore and an offer for sale of up to 71.63 lakh equity shares. The two promoters and Sequoia Capital will be tendering shares in the OFS. The company will utilise the proceeds from the fresh issue portion towards repayment of certain borrowings. The company is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under Pigeon and Gilma brands and you will have to wait for the final pricing to decide on whether to invest in the IPO or not.