Stove Kraft’s Rs 413-crore IPO fully subscribed on Day-1, closes Thursday

The Rs 413-crore IPO of kitchen home equipment company Stove Kraft has fully subscribed on Monday, the primary day of the problem.

Last week, the company had alloted shares price Rs 185 crore to anchor traders. The worth band for Stove Kraft’s IPO is about at Rs 384-385 per share.

The IPO is comprised of Rs 95 crore of contemporary fund elevate and Rs 318 crore price secondary share sale.

At the problem worth, Stove Kraft may have post-issue market cap of Rs 1,255 crore. The IPO closes on Thursday.

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