How to Apply for Stove Kraft Limited IPO?

A question commonly asked about IPO by investors and traders is – the application process. In light of an upcoming IPO, we bring to you – How to apply for Stove Kraft Limited IPO.

But first, we need to understand what an IPO is?

IPO (Initial Public Offering) is the process of a company going public from private. They issue their shares for sale and raise capital for varied reasons like expansion, debt payment, general corporate expenses, etc.

Now, let’s know a little about the company – Stove Kraft Limited.

Stove Kraft Limited is India’s largest kitchen appliance manufacturing company. It began its operations in 1994. Currently, it has four popular brands – Pigeon, Gilma, Pigeon LED, Black + Decker. 

The company is a fully integrated enterprise as it designs and manufactures a range of user-friendly, efficient, and innovative products. It helps you the kitchen of your dreams.

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The IPO is opening on 25th January 2021 and closes on 28th January 2021. The IPO size is ₹ 412.62 Crores (fresh issue – ₹ 95 crores and offer for sale – ₹ 317.62 Crores).

The price band is ₹ 384 to 385 per equity share, GMP is ₹ 486, and lot size is 38 shares.

Quickly, let’s dive into the application process.

How To Apply For Stove Kraft Limited IPO Online?

The most commonly used online method is known as ASBA. It stands for Application Supported by Blocked Amount. More than 65 banks have been approved to be on the ASBA list.

In this process, as you place a bid, the corresponding bid amount is blocked in your bank account till the allotment process concludes. It gets debited if you are allotted the shares and is unblocked if not.

Another popular method is through UPI. SEBI approved this application method in 2019 after its increasing accessibility among the citizens. You need to install a UPI mobile application for this.

You can read the complete process about these two application processes in Stove Kraft Limited IPO.

How To Apply Stove Kraft Limited IPO In Angel Broking?

For a quick and straightforward application process, Angel Broking, a full-service stockbroker, provides you with this option in their mobile trading platform – Angel Broking App.

If you have a demat account with the broker, then you have to follow the steps listed below:

• Download and install the mobile trading application on your device.
• Log in with the set of credentials provided to you.
• Look for IPO in the menu of the application.
• Click here and then fill the Stove Kraft IPO application form.
• Click on Submit button.

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Open a demat account without any hassle. Fill in the details given below and a call back will be arranged for you in no time. 

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How To Apply Stove Kraft Limited IPO In Zerodha?

The next broker we will talk about is Zerodha, a discount broker. This technologically advanced stockbroker provides you with the back office mobile application that assists you in applying for an IPO.

The back office application is known as Console. If you have an account with the broker, then the process for this application is as follows:

• Download and install the Console application on your device.
• Log in with the help of Kite credentials.
• In the menu of your dashboard, you’ll find the section of IPO.
• Click on it.
• The IPO section will load.
• Select the IPO you wish to apply for.
• Fill all the details like lot number and make a payment using different methods like UPI. 
• Submit the form.

So, you are good to go!

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Apply For Stove Kraft Limited IPO Upstox

Upstox is a discount broker that has been growing leaps and bounds lately. So, here we are to guide you with the IPO application process. The application process for traders and investors who have a demat account with the broker has been listed step by step below:

• Visit the Upstox IPO portal.
• Log in to the portal by using the UCC ID and PAN Card Number.
• Enter your birth year as a pin to verify your account.
• Search for the IPO widget you want to apply for and click on the Details button below the IPO title.
• In this popup, check all the company related details in depth.
• Now, enter your UPI ID to proceed with payment.
• Click on the Continue button.
• Enter the lot size and the bid amount.
• Click on Continue.
• Confirm the order.

Your order is placed, and you’ll receive a confirmation informing you about the application status.

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Apply Stove Kraft Limited IPO HDFC

HDFC Securities is another well established full-service broker in India. It extends the facility to apply for an IPO through their web trading platforms and the mobile trading platform – HDFC Securities App.

If you have a demat account with the broker, the process is listed below:

1. Download and install the HDFC mobile application on your device.
2. Log in to the application using your set of credentials.
3. Click on the More tab in the bottom right corner.
4. Then, click on the IPO dropdown box.
5. Select IPO.
6. Search for the IPO you are willing to apply.
7. Click on the apply button.
8. Enter the information and complete the form.
9. Submit the application form.

You are all set!

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Conclusion

The complete application process of Stove Kraft Limited IPO has been discussed in great detail. The last component to discuss before we take your leave is the objective of this IPO.

According to the DHRP (Draft Red Herring Prospectus), the company is raising capital to pay off its debts. The loan was taken to expand the company’s operations. Now, the decision, if this IPO is worth investing in or not, is up to you.

You must do a detailed analysis of the company’s finances before you apply for the IPO.

We hope that this article has helped you answer your query – How to apply Stove Kraft Limited IPO?

Good Luck!

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Want to apply for IPO in a seamless manner, open a demat account now. Fill the form below and the call back is arranged for you in no time.

 

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