Stove Kraft launched it’s initial IPO on Jan 25, 2021. It consisted fresh issue of 95 crore & an offer of sale of 82.50 lakh equity shares. The company has so far raised Rs. 185 crore from Anchor Investors.
And now, Stove Kraft IPO has been subscribed for 3.7 times on the closing day of the issue. It has received total bids for Rs. 2.17 crore of equity shares against the IPO issue of 58.94 lakh equity shares.
The qualified institutional buyers has seen the subscription of 47% , reserved portions of the non-institutional investors was subscribed 2.13 times while the retail investors were subscribed 15.7 times. The share price has been fixed at Rs.384-385 per share.