 "Stove Kraft's Rs 413-crore IPO fully subscribed on Day-1, closes Thursday")
The Rs 413-crore IPO of kitchen appliances company Stove Kraft has fully subscribed on Monday, the first day of the issue.
Last week, the company had alloted shares worth Rs 185 crore to anchor investors. The price band for Stove Kraft’s IPO is set at Rs 384-385 per share.
The IPO is comprised of Rs 95 crore of fresh fund raise and Rs 318 crore worth secondary share sale.
At the issue price, Stove Kraft will have post-issue market cap of Rs 1,255 crore. The IPO closes on Thursday.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%