Should I buy stove Kraft Limited IPO?
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Should I buy stove Kraft Limited IPO?
“The company’s brand value, margins and return on capital are lower than its peers so it won’t get such premium valuation like its peers, so we recommend neutral rating to the Stove Kraft IPO issue,” the brokerage added. Stove Kraft reported revenue CAGR of 13 percent over FY18-20.
Is it good to buy StoveKraft?
The Market Guru said that this is a good brand with strong marketing network. StoveKraft will reduce its debt from the money raised through the IPO, Singhvi said. StoveKraft is an Indian company that manufactures cooking appliances under Pigeon and Gilma brands.
How much is stove craft IPO subscription?
Stove Kraft IPO subscribed 18.03 times. The public issue subscribed 26.04 times in the retail category, 8.02 times in QIB, and 32.72 times in the NII category by Jan 28, 2021.
Is StoveKraft debt free?
Our working capital cycle has improved from 37 days in March 2020 to 27 days as of March 2021. During the current financial year, the company has reduced its debt by Rs 276 crore. The company plans to be a zero-debt company in the near term. Shares of Stove Kraft entered the stock exchanges on 5 February 2021.
What does stove Kraft do?
Stovekraft is an Indian company that manufactures cooking appliances under Pigeon and Gilma brands. The company was founded in 1999 and is headquartered in Bangalore, Karnataka. Among its cooking appliances are mixer grinders, pressure cookers, cooktops, toasters, chimneys and kitchen utensils.
Is Stove Kraft debt free?
How do I check my stove Kraft IPO allotment status?
How to check Stove Kraft IPO Allotment Status?
- Visit the Stove Kraft IPO allotment status page.
- Click on the green Stove Kraft IPO Allotment Status.
- Enter either PAN number, Application Number or DP Client ID of the demat account to check the Stove Kraft IPO allotment status.
- Click Search.
How do I find the Kraft Stove IPO?
The price band for the IPO was Rs 384-385 and the minimum lot was 38 shares. Step 1: Open the Groww App, scroll down the homepage to see the ‘IPOs’ section. Step 2: Click on IPOs. On the next page click on the ‘Status’ tab next to Stove Kraft IPO (or any other IPO you had applied for).
Why stove Kraft is rising?
Being a manufacturing company, Stove Kraft has high expenses. Also, it does not have any long-term contracts with the suppliers of raw materials. Therefore, an increase in the cost of acquiring raw materials for any reason can impact its profitability.