Stove Kraft IPO GMP History
Stove Kraft IPO has been listed on February 5, 2021 at a listing price of ₹498, against the issue price of ₹385 — a gain of ₹113 (+29.35%). The GMP peaked at ₹80 on 27 January 2021 and reached a low of ₹40 on 4 February 2021. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Stove Kraft IPO raised ₹412.62 Cr. through its IPO at a price band of ₹384 to ₹385 per share, with a lot size of 38 shares. The IPO was open for subscription from 25 Jan 2021 to 28 Jan 2021.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 7:17 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 04 Feb 2021 | ₹ 40 | ▼ | 10% | — | — |
| 03 Feb 2021 | ₹ 60 | ▲ | 16% | — | — |
| 02 Feb 2021 | ₹ 50 | ▲ | 13% | — | — |
| 01 Feb 2021 | ₹ 45 | ▼ | 12% | — | — |
| 30 Jan 2021 | ₹ 60 | — | 16% | — | — |
| 29 Jan 2021 | ₹ 60 | ▲ | 16% | — | — |
| 28 Jan 2021 | ₹ 50 | ▼ | 13% | — | — |
| 27 Jan 2021 | ₹ 80 | ▲ | 21% | — | — |
| 25 Jan 2021 | ₹ 70 | — | 18% | — | — |
| 23 Jan 2021 | ₹ 70 | ▼ | 18% | — | — |
| 22 Jan 2021 | ₹ 80 | — | 21% | — | — |
Stove Kraft IPO dates
Key dates from opening to listing. Today is 10 November.
- Open 25 Jan 2021
- Close 28 Jan 2021
- Allotment 02 Feb 2021
- Refund/credit 03 Feb 2021
- Listing 05 Feb 2021
Stove Kraft IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹385 |
|---|---|
| GMP-based estimate (pre-listing) | ₹425 (+10.4%) |
| Listing gain / loss | +₹113 per share |
| Listing date | 05 Feb, 2021 |
| Actual listing price | ₹498 (+29.35%) |
Is Stove Kraft IPO GMP reliable?
Grey market premium for Stove Kraft IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Stove Kraft IPO full review for a fundamentals-based assessment before making any grey market trades.
Stove Kraft IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Stove Kraft IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Stove Kraft IPO
Stove Kraft Limited was incorporated as a private company on 28 June 1999. It makes and sells kitchen solutions under its Pigeon and Gilma brands, and planned to start making products under the BLACK + DECKER brand.
The range covers cookware, cooking appliances and household utilities such as consumer lighting. It is one of the main players in pressure cookers, free standing hobs and cooktops. Pigeon products made up 86.20% of sales in Fiscal 2020.
It has plants at Bengaluru in Karnataka and Baddi in Himachal Pradesh. Pigeon and Gilma appliances are made at Bengaluru, while Baddi makes products such as LPG stoves for oil companies. It also exports to countries including the USA, Mexico, Kenya and Sri Lanka.
The IPO was Rs 412.62 crore, with Rs 95.00 crore of fresh issue and Rs 317.63 crore of offer for sale. Rs 76.00 crore of the proceeds was planned for repaying borrowings.
Frequently asked
What is the GMP of Stove Kraft IPO?
The current Grey Market Premium (GMP) of Stove Kraft IPO is ₹ 40.
What is the Kostak Price of Stove Kraft IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Stove Kraft IPO is not available.
What is the Subject to Sauda Price of Stove Kraft IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Stove Kraft IPO?
Stove Kraft IPO listed on February 5, 2021 at ₹498, against the issue price of ₹385 — a gain of +29.35%.
How did the GMP of Stove Kraft IPO trend before listing?
The GMP of Stove Kraft IPO was falling in its final days before listing. The GMP peaked at ₹80 on 27 January 2021. View the day-wise table above for the complete GMP history.
Explore Stove Kraft IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
