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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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