InvestorQ : How was the listing of Stove Craft IPO on Friday when the shares got listed?
Katherine Gonsalves made post

How was the listing of Stove Craft IPO on Friday when the shares got listed?

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rhea Babu answered.
3 weeks ago
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Stove Kraft had a very strong debut on the bourses on Friday listing at Rs 498, a premium of 29% to the issue price. However, by close, the stock was sharply lower and just closed below the Rs.440 levels. The IPO of Stove Kraft had received good response from investors garnering 18 times subscription with maximum subscription from retail and HNI portions.

I-Sec had mentioned in its IPO note that the sustainability of profitability and performance remains a critical factor in a highly competitive industry where brand promotion is almost everything.

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