Stovekraft Limited

Stove Kraft Limited is an Indian kitchen and home appliances company incorporated in 1999. Headquartered in Bengaluru, Karnataka, the company manufactures and markets a wide variety of kitchenware products under well-established brand names including Pigeon and Gilma, alongside a licensing arrangement for Black + Decker home appliances. Its core product portfolio spans pressure cookers, non-stick cookware, cooktops, LPG stoves, induction cookers, and small kitchen utility gadgets catering to diverse consumer price segments across India. The company operates a large, integrated manufacturing facility located at Harohalli in Ramanagara district near Bengaluru. Stove Kraft maintains an extensive nationwide sales and distribution network that includes distributors, retail stockists, exclusive Gilma brand outlets, and expanding e-commerce channels. Its Pigeon brand targets the value and mid-market consumer segments, whereas Gilma offers semi-premium kitchen solutions, positioning the business across both mass and aspirational customer bases. Through continuous product innovation and retail expansion, Stove Kraft has grown into one of the prominent players in the domestic kitchen appliances industry. The company focuses on scaling its manufacturing efficiency, broadening its distribution reach across tier-2 and tier-3 cities, and enhancing operating margins by expanding its branded product sales across domestic and export markets.

Allocated 4,822,890 equity shares to anchor investors at ₹385 per share, raising ₹185.68 crore, with participation from Nippon Life India Small Cap Fund, Goldman Sachs India, Ashoka India Equity Investment Trust, and Sundaram Mutual Fund.