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Stove Kraft IPO I Stove Kraft IPO: Know price band, issue date, offer details

Updated Jan 21, 2021 | 17:04 IST Stove Kraft IPO news: Investors can bid for a minimum of 38 equity shares and in multiples of 38 shares. The price band of the issue has been fixed at at Rs 384-385 per share. Stove Kraft IPO: Know price band, issue date, offer details  |  Photo Credit: Representative Image Kitchen appliances brand Stove Kraft will launch its initial public offering (IPO) on January 25. This will be fourth such offering after Indian Railway Finance Corporation (IRFC), Indigo Paints, and Home First Finance Company IPOs hit the market in the month of January.  While the Rs 4,633-crore IRFC issue, which closed on Wednesday, was subscribed 3.49 times on the final day of bidding, Indigo Paints is open for subscription and Home First Finance opened on Thursday. 

Stove Kraft IPO opens on Jan 25 - The Hindu BusinessLine

Stove Kraft IPO opens on Jan 25 January 21, 2021 The company is looking to raise ₹412.65 crore at the upper band Sequoia Capital-backed kitchen appliances manufacturer Stove Kraft Ltd has fixed a price band of ₹384-385 per share for its Initial Public Offering (IPO), which opens on on Monday. The Benguluru-based company is looking to raise ₹412.65 crore at the upper band, and ₹411.82 crore at the lower price band. The IPO comprises a fresh issue of ₹95 crore and an Offer For Sale of upto 82.50 lakh shares, including 6.9 lakh shares by promoter Rajendra Gandhi and up to 59,300 shares by another promoter Sunita Rajendra Gandhi. Sequoia Capital India Growth Investment Holdings-I would also tender up to 14.92 lakh shares and up to 60.07 lakh by SCI Growth Investments II.

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