Stove Kraft is one of the largest kitchen appliance suppliers in India. The company manufactures and sells kitchen solutions under the brand name of ‘Pigeon’ and ‘Gilima’ and planning to manufacture value, premium, and semi-premium kitchen supplies under the ‘Black + Decker’ brand. Its product portfolio has 660+ kitchen solutions including cookware, cooking appliances, household utilities, and others. In 2019, it also started manufacturing Pigeon LED products.

The company has a strong distribution network. Under the ‘Pigeon’ brand, it has 651 distributors in 27 states and 5 union territories and 12 distributors for exports. Under the ‘Gilima’ brand, it has 65 stores across 4 states and 28 cities. It does not only distributes its products in the Indian market but also exports them to countries like the USA, Mexico, Kenya, Qatar, Sri Lanka, Fiji, Bahrain, Kuwait, etc.

Stove Kraft has manufacturing facilities at Bengaluru (Karnataka) and Baddi (Himachal Pradesh). All Pigeon and Gilima branded appliances are manufactured at its Bengaluru unit. Baddi facility focuses on Oil Company Business (OCB) to manufacture products like LPG stoves, inner lid cooker, etc.

Competitive strengths:

• One of the largest kitchen appliance companies in India
• Diversified product portfolio
• Strong brand name
• Strong distribution network
• Well-equipped manufacturing facility

Company Promoters:

• Rajendra Gandhi and Sunita Rajendra Gandhi are the company promoters.

Company Financials

Particulars	For the year/period ended (₹ in Million)
Summary of financial Information (Restated)	30-Sept-  20	31-Mar-20	31-Mar-19	31-Mar- 18
Total Assets	4,984.99	4,712.91	4,257.26	3,936.42
Total Revenue	3,295.09	6,729.14	6,425.98	5,345.85
Profit After Tax	287.76	31.70	7.36	(120.18)

Objects of the Issue:

The IPO proceeds will be used for the following purposes:

• To make the repayment or prepayment of the company's borrowings fully or partially.
• To meet general corporate purposes.

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