Stove Kraft Limited raises Rs185.68cr from 32 anchor investors at an upper price band of Rs385 per equity share

Stove Kraft Limited, one of the leading brands for kitchen appliances in India and one of the dominant players for pressure cookers and amongst the market leaders in the sale of free standing hobs and cooktops (Source: F&S Report, sponsored by the Company), allotted 48,22,890 equity shares to 32 anchor investors and raised ₹185.68 crore ahead of the company’s proposed IPO at an upper price band of Rs 385 per equity shares.

The anchor allocation as follows:

Fund % of Allocation
Nippon Life India Trustee Ltd - A/C Nippon India Small Cap Fund 10.77%
Goldman Sachs India Limited 10.77%
Ashoka India Equity Investment Trust PLC 10.77%
IIFL Special Opportunities Fund - Series 7 7.54%
Bajaj Allianz Life Insurance Company Ltd. 7.54%
Macquarie Unit Trust Series - Macquarie Asia New Stars Fund 7.54%
Sundaram Mutual Fund A/C Sundaram Equity Fund 3.50%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap Series II 0.94%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap Series III 0.94%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap Series I 0.86%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XIV 0.64%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XV 0.61%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap Series IV 0.60%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap - Series VII 0.44%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XVI 0.40%
Sundaram Mutual Fund A/C Sundaram Select Micro Cap Series XVII 0.34%
Sundaram Mutual Fund A/C Sundaram Long Term Tax Advantage Fund - Series III 0.24%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap Series V 0.22%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series V 0.20%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series III 0.19%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series IV 0.19%
Sundaram Mutual Fund A/C Sundaram Long Term Micro Cap Tax Advantage Fund Series VI 0.18%
Sundaram Mutual Fund A/C Sundaram Long Term Tax Advantage Fund - Series IV 0.16%
Sundaram Mutual Fund A/C Sundaram Emerging Small Cap Series VI 0.12%
Edelweiss Alternative Investment Opportunities Trust - Edelweiss Crossover Opportunities Fund - Series II 6.46%
Mirae Asset Great Consumer Fund 5.39%
Cohesion MK Best Ideas Sub-Trust 5.39%
Abakkus Emerging Opportunities Fund - I 5.39%
Elara India Opportunities Fund 3.15%
Unifi AIF 2 3.15%
Integrated Core Strategies Asia PTE Ltd. 2.69%
Carnelian Capital Compounder Fund - 1 2.69%

The initial public offering comprises of a fresh issue aggregating ₹950.00 million (“Fresh Issue”) and an offer for sale of up to 8,250,000 equity shares comprising of up to 690,700 equity shares by promoter, Rajendra Gandhi, up to 59,300 equity shares by promoter, Sunita

Rajendra Gandhi (together with Rajendra Gandhi, “Promoter Selling Shareholders”), up to 1,492,080 equity shares by Sequoia Capital India Growth Investment Holdings I (“SCI-GIH”) and up to 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”).

Bids can be made for a minimum of 38 Equity Shares and in multiples of 38 Equity Shares thereafter.

Edelweiss Financial Services Limited and JM Financial Limited are the Book Running Lead Managers to the Offer.