{"id":15861,"date":"2021-01-23T12:15:36","date_gmt":"2021-01-23T06:45:36","guid":{"rendered":"https:\/\/www.moneyworks4me.com\/investmentshastra\/?p=15861"},"modified":"2021-01-29T10:18:42","modified_gmt":"2021-01-29T04:48:42","slug":"stove-kraft-ipo-review","status":"publish","type":"post","link":"https:\/\/www.moneyworks4me.com\/investmentshastra\/stove-kraft-ipo-review\/","title":{"rendered":"Stove Kraft Limited IPO Review: Avoid, Not a proven business model yet"},"content":{"rendered":"<div style=\"background: #FFF9FA; border: 1px solid #C4002A; border-left-color: Brick red; border-left-style: solid; border-left-width: 15px; padding: 15px; margin-bottom: 5px; margin-top: 7px;\">\n<h2 style=\"font-size: 18px;\">Stove Kraft Limited IPO Details:<\/h2>\n<p><strong>IPO Date:<\/strong> Jan 25 to Jan 28, 2021<\/p>\n<p><strong>Total Shares for subscription:<\/strong> ~1 Cr<\/p>\n<p><strong>IPO Size:<\/strong> ~Rs. 411 Cr<\/p>\n<p><strong>Lot Size:<\/strong> 38 shares<\/p>\n<p><strong>Price Band:<\/strong> Rs. 384-385\/share<\/p>\n<p><strong>Market Cap:<\/strong> ~Rs. 1250 Cr<\/p>\n<p><strong>Recommendation: <span style=\"color: #ff0000;\">Avoid<\/span><\/strong><\/p>\n<\/div>\n<h2 style=\"font-size: 18px;\">Purpose of Stove Kraft IPO<\/h2>\n<ul>\n<li>Fresh Issue (Rs 95 Cr) to be utilized for corporate purposes<\/li>\n<li>Offer for Sale (Rs. 300 Cr) to be received by outgoing Shareholders<\/li>\n<\/ul>\n<h2 style=\"font-size: 18px;\"><span id=\"about-stove-kraft\" class=\"sta-anchor \" aria-hidden=\"true\">About the Stove Kraft Company<\/span><\/h2>\n<p>Incorporated on June 28, 1999, Stove Kraft is Rs. 700 Cr, kitchen solutions and an emerging home solutions brand.<\/p>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/consumer-durables-domestic-appliances\/stove-kraft\/company-info\"><strong>Stove Kraft<\/strong><\/a> is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under the Pigeon and Gilma brands and proposes to commence manufacturing of kitchen solutions under the BLACK + DECKER brand, covering the entire range of value, semi-premium, and premium kitchen solutions, respectively.<\/p>\n<p>The kitchen solutions comprise cookware and cooking appliances across their brands, and the home solutions comprise various household utilities, including consumer lighting.<\/p>\n<p>Pigeon branded products were amongst the leading brands in the market for certain products such as free-standing hobs, cooktops, non-stick cookware, LPG gas stoves, and induction cooktops. The Gilma portfolio comprises chimneys, hobs, and cooktops across price ranges and designs.<\/p>\n<p>Stove Kraft has 2 manufacturing facilities, one each in Bengaluru, Karnataka, and Baddi, Himachal Pradesh. As of September 30, 2020, they manufacture 79.75% of their Pigeon and Gilma branded products (in terms of the number of units) at their well-equipped and backward integrated manufacturing facilities.<\/p>\n<p>Stove Kraft has a separate distribution network for each of their Pigeon, Gilma, and BLACK + DECKER brands. Further, there is a separate distribution network for the Pigeon LED products. They have 651 distributors in more than 27 states of India and 5 union territories of India and 12 distributors for their products that are exported as of September 30, 2020.<\/p>\n<h2 style=\"font-size: 18px;\"><span id=\"financials\" class=\"sta-anchor \" aria-hidden=\"true\">Financials of Stove Kraft<\/span><\/h2>\n<p><a class=\"gridlove-popup-img\" href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/01\/financials-of-stove-kraft-ltd.jpg\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-15862\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/01\/financials-of-stove-kraft-ltd.jpg\" alt=\"financials of stove kraft ltd\" width=\"500\" height=\"141\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/01\/financials-of-stove-kraft-ltd.jpg 553w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/01\/financials-of-stove-kraft-ltd-150x42.jpg 150w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/01\/financials-of-stove-kraft-ltd-270x76.jpg 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2021\/01\/financials-of-stove-kraft-ltd-370x104.jpg 370w\" sizes=\"(max-width: 500px) 100vw, 500px\" title=\"\"><\/a><\/p>\n<h3 style=\"font-size: 16px;\">Strengths<\/h3>\n<ul>\n<li>Widespread, well-connected distribution network with a presence across multiple retail channels<\/li>\n<li>Focus on quality and innovation<\/li>\n<li>Strong manufacturing capability with efficient backward integration<\/li>\n<\/ul>\n<h3 style=\"font-size: 16px;\">Future prospects<\/h3>\n<ul>\n<li><em>Expand geographically<\/em><\/li>\n<li><em>Scale-up branding, promotional and digital activities<\/em><\/li>\n<li><em>Invest in new plants and automation in existing manufacturing facilities<\/em><\/li>\n<li><em>Grow LED consumer lighting business<\/em><\/li>\n<\/ul>\n<h3 style=\"font-size: 16px;\">Weakness<\/h3>\n<ul>\n<li>The small size might become a hindrance to growth in a competitive market<\/li>\n<li>Peers have a better product range, higher brand awareness, and a strong distribution channel.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/mobile-site\/registration\/?source=stove-kraft-ipo-blog\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-15247\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in.jpg\" alt=\"Know which stocks are worth investing in\" width=\"800\" height=\"200\" srcset=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in.jpg 800w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-300x75.jpg 300w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-768x192.jpg 768w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-370x93.jpg 370w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-270x68.jpg 270w, https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2020\/08\/Know-which-stocks-are-worth-investing-in-740x185.jpg 740w\" sizes=\"(max-width: 800px) 100vw, 800px\" title=\"\"><\/a><\/p>\n<h2 style=\"font-size: 18px;\"><span id=\"mw4me-opinion\" class=\"sta-anchor \" aria-hidden=\"true\">MoneyWorks4me Opinion<\/span><\/h2>\n<h3 style=\"font-size: 16px;\">How is the business model? Good, Great, or Gruesome?<\/h3>\n<p><strong>Good Business Model. <\/strong>Upon achieving scale, the business can generate a superior return on Equity (ROE). Low asset intensity and pricing power over consumers are sources of superior ROE. <u>However, Stove Kraft is still some time away from becoming a good business. <\/u><\/p>\n<h3 style=\"font-size: 16px;\">Valuation<\/h3>\n<p>With sales of Rs. ~650 Cr, Stove Kraft is demanding Enterprise value \/Sales of more than 2x. Enterprise Value = Market Cap (1250 Cr) + Debt (300 Cr) \u2013 Cash from IPO (100 Cr)<\/p>\n<p>With the limited scale and low ROE, we recommend<strong> <span style=\"color: #ff0000;\">AVOID<\/span>.<\/strong><\/p>\n<div style=\"background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\">\n<span id=\"time-table\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">Stove Kraft Limited IPO Tentative Timetable:<\/span><\/span>\n<\/div>\n<table width=\"620\">\n<tbody>\n<tr>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>IPO Activity<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Date<\/strong><\/td>\n<\/tr>\n<tr>\n<td>IPO Open Date<\/td>\n<td>25th Jan 2021<\/td>\n<\/tr>\n<tr>\n<td>IPO Close Date<\/td>\n<td>28th Jan 2021<\/td>\n<\/tr>\n<tr>\n<td>Basis of Allotment Finalisation Date<\/td>\n<td>02nd Feb 2021<\/td>\n<\/tr>\n<tr>\n<td>Refunds Initiation<\/td>\n<td>03rd Feb 2021<\/td>\n<\/tr>\n<tr>\n<td>A credit of Shares to Demat Account<\/td>\n<td>4th Feb 2021<\/td>\n<\/tr>\n<tr>\n<td>IPO Listing Date<\/td>\n<td>5th Feb 2021<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"subscription\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">Stove Kraft Limited IPO Subscription Status:<\/span><\/span><\/div>\n<table width=\"620\">\n<tbody>\n<tr>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Date<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>QIB<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>NII<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Retail<\/strong><\/td>\n<td style=\"background-color: #03acc7; color: white; text-align: center;\"><strong>Total<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Jan 25, 2021, 05:00<\/td>\n<td style=\"text-align: center;\">0.00x<\/td>\n<td style=\"text-align: center;\">0.05x<\/td>\n<td style=\"text-align: center;\">5.37x<\/td>\n<td style=\"text-align: center;\">0.99x<\/td>\n<\/tr>\n<tr>\n<td>Jan 27, 2021, 05:00<\/td>\n<td style=\"text-align: center;\">0.08x<\/td>\n<td style=\"text-align: center;\">1.85x<\/td>\n<td style=\"text-align: center;\">13.08x<\/td>\n<td style=\"text-align: center;\">2.93x<\/td>\n<\/tr>\n<tr>\n<td>Jan 28, 2021, 05:00<\/td>\n<td style=\"text-align: center;\">8.02x<\/td>\n<td style=\"text-align: center;\">37.72x<\/td>\n<td style=\"text-align: center;\">26.04x<\/td>\n<td style=\"text-align: center;\">18.03x<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div style=\"background-color: #7e7d7d; padding-left: 5px; margin-top: 10px; margin-bottom: 10px;\"><span id=\"faq\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\">Stove Kraft Limited IPO Faqs:<\/span><\/span><\/div>\n<h3 style=\"font-size: 16px;\">What is Stove Kraft Limited IPO?<\/h3>\n<p><strong><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/consumer-durables-domestic-appliances\/stove-kraft\/company-info\">Stove Kraft Limited<\/a><\/strong>\u00a0IPO is an IPO of 1 Cr equity shares with a face value of \u20b910 aggregating up to ~\u20b9411 Cr. The issue is priced at a price band between \u20b9384 to \u20b9385 per share.<\/p>\n<p>KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.<\/p>\n<h3 style=\"font-size: 16px;\">When Stove Kraft Limited IPO will open?<\/h3>\n<p>The IPO opens on Jan 25, 2021, and closes on Jan 28, 2021, between 10.00 AM to 5.00 PM.<\/p>\n<h3 style=\"font-size: 16px;\">What is the lot size of Stove Kraft Limited IPO?<\/h3>\n<p>The lot size is in the multiple of 38 with a minimum order quantity of 38 Shares.<\/p>\n<h3 style=\"font-size: 16px;\">How to apply for Stove Kraft Limited IPO?<\/h3>\n<p>You can apply for Stove Kraft Limited IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don\u2019t offer banking services like Zerodha.<\/p>\n<h3 style=\"font-size: 16px;\">When is the Stove Kraft Limited allotment?<\/h3>\n<p>The finalization of the Basis of Allotment for <em>Stove Kraft Limited<\/em> IPO will be done on 02nd Feb 2021 and the allotted shares will be credited to your Demat account by 4th Feb 2021.<\/p>\n<h3 style=\"font-size: 16px;\">When is the Stove Kraft Limited listing date?<\/h3>\n<p>The <em>Stove Kraft Limited<\/em> IPO listing date is not yet announced. The tentative date of the Stove Kraft Limited IPO listing is 5th Feb 2020.<\/p>\n<div style=\"border: 2px solid #A1A500; padding: 10px; background-color: #feffcd; border-radius: 30px 5px;\">\n<h3 style=\"font-size: 16px;\">Is it worth investing in Stove Kraft Limited IPO?<\/h3>\n<p><strong><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/sector\/consumer-durables-domestic-appliances\/stove-kraft\/company-info\">Stove Kraft Limited<\/a> <\/strong>is not a proven business model yet. We would <strong><span style=\"color: #ff0000;\">avoid investing in IPO<\/span><\/strong>.<\/p>\n<\/div>\n<h3 style=\"font-size: 16px; margin-top: 10px;\">What if I do not get the allotment?<\/h3>\n<p>We recommend investing in other consumer durables names like <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/consumer-durables\/consumer-durables-domestic-appliances\/crompt-greaves-cons\/company-info#decision-maker-anchor-link\">Crompt<\/a><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/consumer-durables\/consumer-durables-domestic-appliances\/crompt-greaves-cons\/company-info#decision-maker-anchor-link\">on<\/a><a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/large-cap\/consumer-durables\/consumer-durables-domestic-appliances\/crompt-greaves-cons\/company-info#decision-maker-anchor-link\"> Greaves Con<\/a>, <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/consumer-durables\/consumer-durables-domestic-appliances\/bajaj-electricals\/company-info\">Bajaj Electricals<\/a>, <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/mid-cap\/consumer-durables\/consumer-durables-domestic-appliances\/ttk-prestige\/company-info\">TTK Prestige<\/a>, <a href=\"https:\/\/www.moneyworks4me.com\/indianstocks\/small-cap\/consumer-durables\/consumer-durables-domestic-appliances\/hawkins-cookers\/company-info\">Hawkins<\/a>, etc at the right price. <strong><a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars\">Subscribe to MoneyWorks4me<\/a><\/strong> for Right Stock and Right Price.<\/p>\n<div style=\"background-color: #7e7d7d; padding-left: 5px;\">\n<h2 style=\"font-size: 18px;\"><span id=\"recent-ipo\" class=\"sta-anchor \" aria-hidden=\"true\"><span style=\"color: #ffffff;\"><strong>Recent IPOs:<\/strong><\/span><\/span><\/h2>\n<\/div>\n<div id=\"footable_parent_15856\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent bootstrap4 \">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"15856\" data-filter-delay=\"1000\" aria-label=\"recent ipo_230121\"            id=\"footable_15856\"\n           data-unique_identifier=\"ninja_table_unique_id_3824773000_15856\"\n           class=\" foo-table ninja_footable foo_table_15856 ninja_table_unique_id_3824773000_15856 table  nt_type_ajax_table table-striped table-bordered table-hover table-sm vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                            <col class=\"ninja_column_4 \">\n                            <col class=\"ninja_column_5 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n<p><strong>Know more:<\/strong>\u00a0<a href=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/ipo-historical-table\/\">Indian IPO Historic Data 2021<\/a><\/p>\n<p>If you liked what you read and would like to put it in to practice Register at MoneyWorks4me.com. You will get amazing FREE features that will enable you to invest in Stocks and Mutual Funds the right way.<\/p>\n<div class=\"row text-center mb-3\">\n<div class=\"col-md-12 col-12 font13 mb-3\" style=\"background: #fbf0e7; padding-top: 5px; border: 1px solid #FBA059;\">\n<div class=\"text-center mt-2 mb-3 text-success font14\" style=\"text-align: center; font-size: 15px;\"><strong><span style=\"color: #28a745;\">We love helping investors like you,<\/span><\/strong><\/div>\n<p style=\"text-align: center; padding-top: 10px; margin-bottom: 5px; line-height: 30px;\"><span style=\"color: #3366ff;\"><a href=\"https:\/\/www.moneyworks4me.com\/mobile-site\/registration\/?source=investmentshastra\">Register FREE<\/a><\/span> | <span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">Sched<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\">ule<\/a><\/span><span style=\"color: #800080;\"><a style=\"color: #800080;\" href=\"https:\/\/www.moneyworks4me.com\/stock-market\/learn-guide\/learn-share-market-online\/?source=investmentshastra\"> a DEMO<\/a><\/span> | <a href=\"https:\/\/www.moneyworks4me.com\/payment\/index\/subscribe-superstars\/?source=investmentshastra\"><span style=\"color: #ff0000;\">Subscribe<\/span><\/a><\/p>\n<\/div>\n<hr \/>\n<p><a href=\"https:\/\/www.moneyworks4me.com\/\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px; margin-left: 40px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/mw4me-logo.png\" alt=\"\" title=\"\"> <\/a> <a class=\"hide-mobile\" href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"float: left; height: 100px; padding-right: 16px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"> <\/a><\/p>\n<div class=\"hide-mobile\" style=\"height: 100px; padding-top: 15px;\"><strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div class=\"hide-desktop\" style=\"float: left; width: 100%; text-align: center; padding-bottom: 15px;\"><a href=\"https:\/\/t.me\/mw4me\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" style=\"height: 100px;\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/investments-shastra-blog.png\" alt=\"\" title=\"\"><\/a><br \/>\n<strong style=\"font-size: 15px; color: #32aadf;\">Join our Telegram Channel:<\/strong><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/fundamentalstockinvesting\">Stock Investing<\/a><br \/>\n<a style=\"text-decoration: underline; font-size: 14px;\" href=\"https:\/\/t.me\/mutualfundinvesting\">Mutual Fund Investing<\/a><\/div>\n<div style=\"text-align: center;\">\n<p><span style=\"color: #0070c0;\"><b>Need help on Investing? And more<\/b><b>\u2026.<\/b><b>Puchho<\/b> <b>Befikar<\/b><\/span><\/p>\n<div class=\"puchhoBefikarIcon\"><img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-content\/uploads\/2018\/05\/puchho-befikar-logo.png\" width=\"59\" height=\"46\" alt=\"\" title=\"\"><\/div>\n<p><b><i>Kyunki<\/i><\/b> <b><i>yeh<\/i><\/b> <b><i>paise<\/i><\/b> <b><i>ka<\/i><\/b> <b><i>mamala<\/i><\/b> <b><i>hai<br \/>\n<\/i><\/b><a href=\"https:\/\/www.youtube.com\/watch?v=52ueLmP49A0\" target=\"_blank\" rel=\"noopener\">Why MoneyWorks4me<\/a> | <a href=\"https:\/\/www.youtube.com\/watch?v=noAvmf2sUI8\" target=\"_blank\" rel=\"noopener\">Why Register<\/a> | Call: <a href=\"tel:+91 20 6725 8333\">020 6725 8333<\/a> | <a href=\"https:\/\/api.whatsapp.com\/send?phone=918055769463&amp;text=Need%20any%20help?\" target=\"_blank\" rel=\"noopener\">WhatsApp 8055769463<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Stove Kraft Limited IPO Details: IPO Date: Jan 25 to Jan 28, 2021 Total Shares for subscription: ~1 Cr IPO Size: ~Rs. 411 Cr Lot Size: 38 shares Price Band: Rs. 384-385\/share Market Cap: ~Rs. 1250 Cr Recommendation: Avoid Purpose of Stove Kraft IPO Fresh Issue (Rs 95 Cr) to be utilized for corporate purposes [&hellip;]<\/p>\n","protected":false},"author":725,"featured_media":15866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1166,822],"tags":[141,1299,1308,1310,1309],"modified_by":"MoneyWorks4me","_links":{"self":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/15861"}],"collection":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/users\/725"}],"replies":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/comments?post=15861"}],"version-history":[{"count":0,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/posts\/15861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media\/15866"}],"wp:attachment":[{"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/media?parent=15861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/categories?post=15861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.moneyworks4me.com\/investmentshastra\/wp-json\/wp\/v2\/tags?post=15861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}