Stove Kraft IPO subscribed 49% on Day 1
Mon, Jan 25, 2021 1:23 PM

Stove Kraft IPO subscribed 49% on Day 1

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The Stove Kraft IPO has been subscribed 49% on January 25, the first day of bidding. The issue received bids for 28.54 lakh equity shares against offer size of 58.94 lakh shares. The offer size has been reduced after the company raised Rs 185 crore from anchor investors last Friday, a day before the issue opening. The IPO reservation for retail in Stove Kraft is only 10% against 35%.

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