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Stove Kraft IPO subscribed fully, retail portion booked 8 times on day 2


Stove Kraft IPO subscribed 2.9 times, HNIs portion fully booked on day 2
© Sunil Matkar
Stove Kraft IPO subscribed 2.9 times, HNIs portion fully booked on day 2
The public issue of Stove Kraft, one of the largest Kitchen appliance suppliers in India, has subscribed 2.9 times on the second day of bidding, January 27.
The Rs 413-crore IPO has received bids for 1.7 crore equity shares against offer size of 58.94 lakh equity shares, the subscription data available on the exchanges showed. The offer size excluded anchor book portion which was finalised by the company with Rs 185 crore fund flow against equity shares issuance.
The retail investors remained at the forefront with subscription of 13.07 times against their reserved portion. The portion set aside for non-institutional investors was subscribed 1.85 times, while qualified institutional investors have put in 8.15 percent bids against the reserved portion. ....

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Nifty today: SGX Nifty up 110 points; here's what changed for market while you were sleeping


Synopsis
Asian shares gained despite rising Covid cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite.
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India 10-year bond yield fell 0.29 per cent to 5.93 after trading in 5.93-5.97 range.
Strong earnings by index heavyweight Reliance Industries and easing of worries over the fire at the world s biggest vaccine maker Serum Institute may help domestic stocks recover on Monday. Here s breaking down the pre-market actions.
STATE OF THE MARKETS
Nifty futures on the Singapore Exchange traded 111 points, or 0.0.77 per cent, higher at 14,468, in signs that Dalal Street was headed for a gap-up start on Monday. ....

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Stove Kraft IPO: Here Are 10 Key Things You Must Know Before The Issue Opens Tomorrow


Stove Kraft IPO: Here are 10 key things you must know before the issue opens tomorrow
Stove Kraft IPO comprises fresh issue of Rs 95 crore by the company and offer for sale of 82.50 lakh equity shares by promoters and investors at price band of Rs 384-385/share
January 25, 2021 / 04:29 PM IST
Kitchen appliances maker Stove Kraft is set to open its initial public offering for subscription on January 25. It is the fourth company to launch IPO in the current month after Indian Railway Finance Corporation, Indigo Paints and Home First Finance Company.
The issue will close on January 28. Equity shares will be listed on both BSE and the National Stock Exchange. Edelweiss Financial Services and JM Financial are the book running lead managers to the offer. ....

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