IPO

  The Fourth IPO of 2021 Stove Kraft Ltd. will launch its  ₹ 412-crore initial public offering on Jan 25, 2021. The company manufactures and sells kitchen solutions under the brand name of "Pigeon" and "Gilima" brands. Its product portfolio has 660+ kitchenware solutions including cookware, cooking appliances, household utilities, and others.  IPO Details: Popular for the Pigeon and Gilma brand, Stovekraft is a Bangalore-based kitchen appliances company founded in 1999. It is known for its pressure cookers, non-stick cookware, and cooking stoves, and also makes kitchen chimneys and food blenders among other kitchen utilities. Among Indian brands, it is the market leader in the cooktops (multi-burner stoves) and free-standing stoves categories with a market share of 25%* and 20.3%* respectively. The segment is expected to grow at 13.6%* CAGR in 2020-25. TTK Prestige and Hawkins corner about 48%* and 35%*, respectively, of the pressure cooker market, which is set to g...

  Home First Finance Company India  (HFCC)  Initial public offer (IPO) is set to open for subscription on January 21 with a price band of Rs 517-518 at face value of Rs 2 each. The issue will close on January 25, 2021.  The bids can be made for a minimum of 28 equity shares an in multiples of 28 shares thereafter.   The Rs 1,153.72-crore issue comprises a fresh issue of Rs 265 crore and offer-for-sale (OFS) of Rs 888.72 crore by promoters and existing shareholders. Home First Finance Company India shares were seen trading with a premium of Rs 100 at Rs 618 over the IPO price in the grey market today. This will be the third IPO of 2021, as the  Indian Railway Finance Corporation   (IRFC) issue is presently open for subscription. And Indigo Paints initial public offer will open on January 20, 2021.

  Indigo Paints IPO: 2nd IPO of 2021 Opens on Jan 20; India's 5th Largest Paint Company Indigo Paints To Launch IPO on January 20, 2021, fixes price band at  ₹ 1,480 -  ₹ 1,490. Issue will open for subscription on January 20 and close on January 22. The paints manufacturer is looking to raise  ₹ 1,000 Crore from the capital markets with a combination of fresh issuance and an offer for sale (OFS) by existing shareholders of the company. This will be among the first few IPOs of 2021. Indigo Paints, backed by Sequoia Capital which received a go-ahead from Securities and Exchange Board of India (SEBI) earlier this month. Indigo Paints is the fastest-growing among the top five paint companies in India and is the fifth-largest company in the Indian decorative paint industry in terms of revenue from operations for FY2020, as per F&S Report. The company sells its products under the brand of 'Indigo', through its distribution network across 27 states and seven union terri...

  IRFC is the first NBFC in the PSU sector that is going public. The ₹4,600 crore Indian Railway Finance Corporation (IRFC) initial public offer (IPO) is scheduled to open on January 18, becoming the first public issue of the new calendar year 2021.  According to the red herring prospectus (RHP), the issue is of up to  178.20 crore shares, comprising a fresh issue of  59.43 crore equity shares and offer-for-sale of up to 118.80 crore shares. The price band of the issue is in the range of  ₹ 25-26 per share of face value of  ₹ 10 each. IRFC coming up for listing with a ₹4600 cr+ issue in a price band of ₹25-26 per share. Anchor book on Jan 15 and the Main book from Jan 18-20.