Stove Kraft Ltd IPO |
Registered Office:
81/1 Medamarana Halli Village,Harohalli Hobli KanakapurTaluk
,
Bangalore Rural
-
562112
,
Karnataka
, India.
Phone :
91-80-28016222 Fax:91-80-28016209
Email : cs@stovekraft.com
Website : www.stovekraft.com
|
| Initial public offer of 10,717,532* equity shares of face value of (Rs)10 each ("equity shares") of Stove Kraft Limited ("company" or "issuer") for
Cash at a price of (Rs)385 per equity share (including a share premium of (Rs)375 per equity share) aggregating up to (Rs)412.63 Crores ("offer")
Comprising of a fresh issue of 2,467,532 equity shares aggregating up to (Rs)95 Crores ("fresh issue") and an offer for sale of 8,250,000 equity
Shares comprising of 690,700 equity shares by the promoter, Rajendra Gandhi, 59,300 equity shares by the promoter, Sunita Rajendra Gandhi ("promoter selling shareholders"), 1,492,080 equity shares by Sequoia Capital India Growth Investment Holdings I ("sci-gih") and 6,007,920 equity shares by SCI Growth Investments II ("sci", together with sci-gih, "investor selling shareholders") (the Investor selling shareholders together with the promoter selling shareholders, the "selling shareholders"), and such offered shares, The "offered shares") aggregating up to (Rs)317.63 Crores ("offer for sale"). The offer will constitute 32.93%, of the post issue paid-up equity share Capital of the company.
The Offer price (Rs)385 per equity shares of (Rs)10 each.
The Offer price is 38.5 times of the face value.
|
| Issue |
Money Payable On |
| Opens On |
Closes On |
Application |
Allotment |
| 25-Jan-21 |
28-Jan-21 |
(Rs)385.00-0.00 |
(Rs)0.00-0.00 |
| Minimum Application for shares in Nos :38 Further Multiples of :38 |
| |
(Rs Cr) |
Lead Managers to the Issue |
| Project Cost |
89.58 |
| Edelweiss Financial Services Ltd |
|
| Project Financed through Current Offer |
412.63 |
|
| Post Issue Equity Share Capital |
32.55 |
|
| Issue Price |
(Rs)385.00 |
|
|