Indian Accounting Research Analyst, Trudence Capital Advisors

Nitin Mangal

Indian Accounting Research Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

<p>The IPO season continues with <a href="https://www.smartkarma.com/entities/stove-kraft-ltd" target="_blank" data-smartkarma-citation="entities:31372:1" rel="noopener">Stove Kraft (0490943D IN)</a> , which has come up with a total offer of about INR 4.1 bn, which comprises of INR 950 mn; the IPO also includes offer for sale from Sequoia. Similar to our previous coverages on IPO, we will not dwell on the valuation aspect, but instead put forward certain aspects with respect to governance, operations and balance sheet which one must know about. </p>
<p>Also, it must be noted that this insight is written from a pure long-term view about the scrip. </p>

The IPO season continues with Stove Kraft (0490943D IN) , which has come up with a total offer of about INR 4.1 bn, which comprises of INR 950 mn; the IPO also includes offer for sale from Sequoia. Similar to our previous coverages on IPO, we will not dwell on the valuation aspect, but instead put forward certain aspects with respect to governance, operations and balance sheet which one must know about. 
Also, it must be noted that this insight is written from a pure long-term view about the scrip. 

India

Stove Kraft Limited manufactures and distributes kitchen appliances. The Company provides iron boxes, gas stoves, microwave ovens, mixer grinders, cooktops, rechargeable lamps, hand blenders, and other related products. Stove Kraft serves customers worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Stove Kraft (STOVEKRA IN)

Stove Kraft IPO: Hovering in Sim Flame

Stove Kraft has been a victim to several governance and balance sheet discomforts which we highlight in our report. The issues range from poor...

Nitin Mangal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)