Is it good to invest in stove Kraft?

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.

Is buying stock at IPO a good idea?

You shouldn’t invest in an IPO just because the company is garnering positive attention. Extreme valuations may imply that the risk and reward of the investment is not favorable at the current price levels. Investors should keep in mind a company issuing an IPO lacks a proven track record of operating publicly.

How is Stove craft IPO?

Stove Kraft shares began trading at a premium over the IPO price and were at a market capitalization of Rs 1500 crore. Stove Kraft became the fourth IPO of the calendar year 2021 to list on exchanges. On National Stock Exchange (NSE), the stock listed at Rs 498 per share, rising 29.35 per cent from the issue price.

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.

Is StoveKraft IPO allotted?

Stove Kraft IPO was open for subscription between January 25 and 28, January 26 being a market holiday. The allotment will be finalised around February 2. 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.

What is stove Kraft IPO?

The Rs 413 crore IPO, which ran from January 25 to January 28, was subscribed 18 times. Analysts said that the Stove Kraft IPO was priced at 34.5 times PE on a trailing basis. NEW DELHI: Kitchen appliance maker Stove Kraft got listed at Rs 467 on BSE on Friday, a premium of 21.30 per cent over the issue price.

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.

Should you invest in the stove Kraft IPO?

Here are some things that you need to keep in mind before investing in the Stove Kraft IPO: Stove Kraft is a medium-sized company manufacturing kitchen solutions with a wide range of products. It also has strong manufacturing capabilities. It believes in organic growth and has been growing slowly but steadily.

When will stovekraft IPO open for subscription?

Stovekraft’s IPO will open for subscription from Jan 25 till Jan 28 with a price range of Rs. 384-385 each with a face value of Rs.10. This IPO comprises a fresh issue of shares worth Rs. 95 crore and an offer-for-sale (OFS) of up to 82.50 lakh equity shares.

How profitable is stove Kraft?

As of 2019, Pigeon contributed to around 90\% of Stove Kraft’s total revenue, Gilma contributed around 2.5\% and Black + Decker contributed around 2.3\%. Also, if you look at the profitability of the company, until 2018, Stove Kraft was not booking profits.

Should you invest in stovekraft shares?

It is because StoveKraft has not seen profits for three years. He said that it does not look like StoveKraft valuations are at par with the peers Hawkins and Prestige. Investors with high-risk appetite who know how to exit after listing – in profit or loss – can invest in this issue.