Stovekraft IPO Listing Update: Key Highlights

Detailed Process with instructions to check your IPO allotment status
Stovekraft IPO Listing

Stovekraft IPO Listing Update

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

Stovekraft IPO Listing: Highlights

List Date PricesBSENSE
Exchange Codes543260STOVEKRAFT
Issue Price₹385.00₹385.00
Open Price₹498.00₹467.00
Listing Gains (Open)29.35%21.30%
Close Price₹438.45₹445.95
Listing Gains (Close)13.88%15.83%
Day’s High Price₹498.00₹495.55
Max Listing Gain29.35%28.71%

Stovekraft IPO Listing: Key Dates

Date TypeDate (Tentative)
Allotment Finalization02/02/2021
Initiation of Refunds03/02/2021
Credit of Shares04/02/2021
Listing Date05/02/2021

Final Subscription Status

Investor CategoryQuotaSubscription
Institutional (QIB)50%8.018x
Non-Insti. (HNI)15%32.721x
Retail (RII)35%26.039x
Total Subscription100%18.032x

Other Key IPO Details

Company Financials

201820192020 (Mar)2020 (Sep)
Revenue from Ops528.95 Cr640.94 Cr669.86 Cr328.84 Cr
Profit before Tax(12.56) Cr1.22 Cr3.53 Cr28.78 Cr
EPS (Basic)(6.35)0.331.2811.64
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Issue Size and details

Issue Size₹412.63 Cr
Face Value₹10/- per Equity Share
IPO Price₹384 – ₹385
Lot Size38 shares
LotsMin 1 – Max 13

Day-Wise Subscription Status

DayDay 1Day 2Day 3

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