Stove Kraft shares record with over 29% premium
Shares of kitchen home equipment producer Stove Kraft on Friday listed on the bourses with a premium of over 29 per cent towards its situation worth of Rs 385.
The inventory made a debut at Rs 467, recording a acquire of 21.29 per cent from the difficulty worth on the BSE. Later, it jumped 28.71 per cent to Rs 495.55.
In tandem, on the NSE, it listed at Rs 498, leaping 29.35 per cent towards the difficulty worth.
The firm’s market valuation was at Rs 1,444.81 crore on the BSE.
The Rs 412.62-crore preliminary public provide of Stove Kraft was subscribed 18 occasions.
Price vary for the provide was at Rs 384-385 a share.
The firm is engaged within the manufacture and retail of a large and various suite of kitchen options beneath Pigeon and Gilma manufacturers.
