News > Stove Kraft IPO opens for subscription today: Should you subscribe?

Stove Kraft IPO opens for subscription today: Should you subscribe?

Stove Kraft, a kitchen solutions and an emerging home solutions brand, has opened its maiden public offer for subscription on January 25 The price band for the offer, which will close on January 28, has been fixed at Rs 384-385 per share.

Given the high valuation compared to listed peers on FY20 earnings, lower brand value compared to listed peers and likely unsustainability in the strong profitability, going ahead, brokerages assigned neutral rating on the issue.