Stove Kraft files offer document for IPO

The equity shares offered through the Red Herring Prospectus are proposed to be listed on Stock Exchanges.

Sep 29, 2018 01:09 IST India Infoline News Service

Initial Public Offer, IPO
Stove Kraft, a kitchen solutions and an emerging home solutions brand (Pigeon, Gilma, Black + Decker), has filed Offer Document for an Initial Public Offer of up to [●] equity shares of face value of Rs10 each (“equity shares”) of Stove Kraft Limited (“Company” Or “Issuer”) for cash at a price of Rs[●] per equity share (including a share premium of Rs[●] per equity share) (“offer”) comprising of a fresh issue of [●] equity shares aggregating up to Rs145cr ( “fresh issue”) and an offer for sale of up to 7,163,721 equity shares comprising of up to 6.40cr equity shares by promoter, Rajendra Gandhi, up to 250,000 equity shares by promoter, Sunita Rajendra Gandhi (“Promoter Selling Shareholders”), up to 1,311,205 equity shares by Sequoia Capital India Growth Investment Holdings I (“SCI-GIH”) and up to 4,961,610 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”) (“Offer For Sale”).

The equity shares offered through the Red Herring Prospectus are proposed to be listed on Stock Exchanges.

The Book Running Lead Managers to the Offer are Edelweiss Financial Services Limited, IDFC Bank Limited and JM Financial Limited.

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