Stove Kraft Ltd - IPO

Stove Kraft Ltd IPO Details

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) forCash 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 equityShares 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.

Objective of issue

Repayment/Pre-payment in full or part of certain borrowings availed by the company. General Corporate Purposes.

Stove Kraft Ltd Contact Details

Stove Kraft Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@stovekraft.com

Website - www.stovekraft.com