Stove Kraft IPO GMP Today, Latest StoveKraft IPO Grey Market Premium Updates

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Stove Kraft, is going to launch its initial public offering (IPO) for subscription next week. Stove Kraft is one of the largest Kitchen appliance suppliers in India.

The company to raise 412 crore via IPO. The Stove Kraft IPO will see sale of 1,07,17,532 Shares, The Stove Kraft IPO open date is Jan 25, 2021, and the close date is Jan 28, 2021. The issue may list on Feb 5, 2021.

This translates into an issue size of Rs 412 crore, out of which the fresh issuance will comprise Rs 95 crore and OFS Rs 317 crore. Stay tuned for Stove Kraft IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Stove Kraft IPO Details:

Issuer Stove Kraft
Issue Type Book Built Issue IPO
Issue Period Issue Opens: January 25, 2021
Issue Closes: January 28, 2021
Price Brand ₹384 to ₹385 per equity share
Issue Size ₹412 Crores (Approx.)
Face Value Rs.10 per Equity Share
Market Lot 38 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 40% of the issue size
Retail Individual Bidders 10% of the issue size
Offer for Sale ₹95 Cr
Fresh Issue ₹317 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 8,250,000 Shares
Grey Market Price Stove Kraft IPO GMP Today

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Stove Kraft IPO GMP Rates day by day

Stove Kraft Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
04 FEB 2021 65 ₹N/A 1800
03 FEB 2021 65 ₹N/A 1800
02 FEB 2021 40 ₹N/A 1800
01 FEB 2021 40 ₹N/A 1800
31 JAN 2021 40   1800
30 JAN 2021 40 300 2500
29 JAN 2021 40 300 2000
28 JAN 2021 60 300 2000
27 JAN 2021 60 300 2000
26 JAN 2021 70 100 2500
25 JAN 2021 80 100 2500
24 JAN 2021 100 300 3000
23 JAN 2021 100 300 3000
22 JAN 2021 110 300 3000
21 JAN 2021 50 300 ₹N/A

UPCOMING IPO IN JANUARY 2021

Stove Kraft IPO Market Lot:

 Lot Size:  Minimum 38 Shares & Maximum 494 Shares
 Minimum Amount:  ₹14630/-
 Maximum Amount:  ₹190190/-

Stove Kraft IPO Allotment & Listing Dates:

 Basis of Allotment: Feb 2, 2021
 Refunds: Feb 3, 2021
 Credit to Demat Account: Feb 4, 2021
 Listing Date: Feb 5, 2021

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

Stove Kraft IPO GMP FAQs

What is the Grey Market Premium (GMP) price of Stove Kraft IPO?

The Grey Market Premium of Stove Kraft IPO is approx. Rs.3800/- at the moment.

What is the Subject to Sauda price for Stove Kraft IPO?

The Subject to Sauda price for Stove Kraft IPO is approx. Rs. 1000/-

How much will be listing gain in Stove Kraft IPO?

Stove Kraft IPO listing gain will be approx. Rs.5000/- (update on a daily basis)

What is kostak price of Stove Kraft IPO?

The Kostak price of Stove Kraft IPO is approx. Rs 500/-.

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