Stovekraft Limited lists at ₹498.00 on NSE a premium of 29.35% over the issue price of ₹385. As of 10:15 AM on the listing day, the stock was trading at ₹464.70, a premium of 20.70% to the issue price.
Stovekraft IPO surprised the market with the investor response it received across all categories – QIB, NII and RII. Stovekraft Limited raised a total of ₹413 Cr from this issue, which consisted of a fresh issue of ₹95 Cr and an offer for sale of ₹307.63 Cr by the promoter and selling shareholders. The issue was subscribed 18.03 times overall.
Stovekraft IPO listing is expected to happen on 05/02/2021
