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

The Rs 413-crore Stove Kraft IPO has received bids for 86.95 lakh equity shares against offer size of 58.94 lakh equity shares

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The public issue of Stove Kraft, one of the largest Kitchen appliance suppliers in India, has been subscribed fully on the second day of bidding, January 27.
The Rs 413-crore IPO has received bids for 86.95 lakh 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…

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