Tuesday, May 5, 2020

Forthcoming IPO : Stove Kraft Limited

IPO-bound Stovekraft looks to expand international presence ...

Stove Kraft Ltd, manufacturer of kitchen appliances is planning to lists its shares on the exchanges. The company has received markets Sebi's clearance in this regard.

The company is engaged in the manufacture and retail of a wide and diverse suite of kitchen solutions under Pigeon and Gilma brands.

The IPO is being lead managed by Edelweiss Financial Services and JM Financial.

The public offer comprises a fresh issue of equity shares aggregating up to Rs 145 crore and an offer for sale of up to 71,63,721 equity shares, according to the draft red herring prospectus.

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