Stove Kraft IPO opens today: Should you subscribe to the issue?
The Rs 412.62 crore IPO, that closes on January 28 comprises fresh issue of shares worth Rs 95 crore and an offer-for-sale (OFS) of up to 82.50 lakh equity shares
BusinessToday.In | January 25, 2021 | Updated 13:56 IST
Lot size of Stove Kraft IPO is 38 shares
The fourth public issue of the calendar year 2021, Stove Kraft initial public offer (IPO) is in progress on January 25. Price band has been fixed at Rs 384-385 per share.
Lot size of Stove Kraft IPO is 38 shares. A retail-individual investor can apply for multiples of 13 lots, thereafter for a minimum amount of Rs 14,630 and maximum of 494 shares for Rs 190,190. The book running lead managers to the IPO are Edelweiss Financial Services and JM Financial. KFin Technologies Private Ltd is the registrar to the issue. The company has already raised Rs 185 crore via anchor investors portion that was open for subscription on January 22, 2021.
Synopsis
Asian shares gained despite rising Covid cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.
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India 10-year bond yield fell 0.29 per cent to 5.93 after trading in 5.93-5.97 range.
Strong earnings by index heavyweight Reliance Industries and easing of worries over the fire at the world s biggest vaccine maker Serum Institute may help domestic stocks recover on Monday. Here s breaking down the pre-market actions.
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 111 points, or 0.0.77 per cent, higher at 14,468, in signs that Dalal Street was headed for a gap-up start on Monday.
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