Krafted A Successful Deal – Left Lead Book Running Lead Manager to the IPO of Stove Kraft Limited

Initial Public Offering

Service

February 2021

Date

Consumer

Sector

INR 4,126 MN

Deal Value

Krafted A Successful Deal – Left Lead Book Running Lead Manager to the IPO of Stove Kraft Limited

Deal Highlights:

  • First IPO of a pure-play kitchen appliances company in past 2 decades
  • The deal was oversubscribed 16.8x* times
  • The deal saw participation from across categories of investors including Marquee FIIs, Mutual Funds, Insurance Company and AIFs

Our Contribution:

  • We were the left-lead banker to the issue; our 3rd back-to-back IPO for Sequoia Capital
  • Provided end-to-end client handholding and guidance on various deal contours and timing
  • Dominated the procurement across investor categories
    • No.1 QIB demand procurement both in volume and value#
    • Responsible for one of the largest MFs^ in India to participate in the IPO, boosting confidence for IPO launch
    • Converted maximum no. of FIIs
    • Converted maximum no. of anchor investors

* Excluding Anchor subscription
# based on tentative data
^ Amongst Top 5 By AUM