Kitchen appliances firm Stove Kraft's IPO subscribed 3x, closes tomorrow

The company is looking to raise Rs 95 crore through the IPO. The issue also comprises of secondary share sale worth Rs 318 crore

The IPO of Stove Kraft was subscribed three times on Wednesday. The kitchen appliances company is looking to raise Rs 95 crore through the IPO. The issue also comprises of secondary share sale worth Rs 318 crore.

Stove Kraft has already allotted shares worth Rs 185 crore to anchor investors.

The price band for Stove Kraft’s IPO is set at Rs 384-385 per share. At the IPO price, Stove Kraft will have market cap of Rs 1,255 crore. The IPO closes on Thursday.