Stove Kraft’s Rs 413-crore IPO fully subscribed on Day-1, closes Thursday

The Rs 413-crore IPO of kitchen area appliances corporation Stove Kraft has completely subscribed on

The Rs 413-crore IPO of kitchen area appliances corporation Stove Kraft has completely subscribed on Monday, the to start with day of the concern.

Final week, the corporation had alloted shares value Rs 185 crore to anchor traders. The selling price band for Stove Kraft’s IPO is established at Rs 384-385 for each share.

The IPO is comprised of Rs 95 crore of refreshing fund increase and Rs 318 crore value secondary share sale.

At the concern selling price, Stove Kraft will have publish-concern industry cap of Rs one,255 crore. The IPO closes on Thursday.

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