Incorporated in 1992, Gravita India Ltd is engaged in the business of manufacturing of Lead Metal by Recycling & Smelting process & other lead products. Gravita India Ltd is flagship Company of the Gravita Group which was established in the year 1992 and has manufacturing set up at Jaipur. Company carry out smelting of Lead Ore / Lead Concentrate / Lead Battery Scrap to produce primary & secondary Lead Metal, which is further transformed into Pure Lead, Specific Lead Alloy, Lead Oxides (Lead Sub-Oxide, Red Lead, and Litharge) and Lead Products (Lead Sheets, Lead Pipes etc.) with proven technology and processes.
Gravita India manufacture multiple products related to lead which are mainly used in industries like battery, glass, ceramic, pharmaceutical, paint, electronic. Their main products Pure/ Refined Lead, Lead Ingots, Lead Alloys, Grey Oxide, Red Lead and Litharge. The Group have 9 Lead manufacturing units, out of which two are in Asia and five are in African continent. Apart from lead processing, the Gravita Group is engaged in merchant trade of Lead scrap, Lead ore, Lead concentrates, Lead battery scrap and Lead products.
The company has established subsidiaries and interests in Ghana, Senegal, Mozambique, Sri Lanka, Saudi Arabia, Zambia and Ethiopia. These cover the continents of Africa, Asia, Central America and CIS (Commonwealth of Independent States) countries. Gravita India has a wide spectrum of products in the lead metal industry starting from basic product as remelted lead ingot from battery recycling to high end value products such as pure lead, lead alloys, litharge, red lead, lead sub oxides, powder, sheets etc.
Company has a subsidiary Gravita Exim Limited, a company specializing in providing turnkey solutions and consultancy services on engineering and design for the secondary lead companies. They are specialize in producing high quality pure lead ingots with minimum purity level of 99.97% by weight.
The Promoters of the Company are:
1. Dr. Mahaveer Prasad Agarwal, aged 75 years, did his M.B.B.S. in 1956 and then M.D. in General Medicines.
2. Mr. Rajat Agrawal, the main Founder Director, aged 42 years is a Technocrat (BE in Mechanical).
3. Mr. Rajeev Surana, the other Founder Promoter Director, aged 40 years; a professional (BE in Mechanical).
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax (PAT)||1,398.23||542.35||261.85||222.75||113.64|
The Object of the issue are:
1. To set up additional manufacturing facilities at Jaipur and new facility at Wada, Maharashtra in India;
2. To invest in overseas ventures at Sri Lanka- Navam Lanka Ltd, Senegal - Pagrik Senegal SA-Honduras-Gravita Honduras SA;
3. To invest in setting up manufacturing facilities at Australia, Belarus, Chile and Mexico;
4. To provide margin money for working capital requirement;
5. For general corporate purposes;
6. To meet the expenses of the issue;
7. To list the equity shares on the Stock Exchanges.
»» Issue Open: Nov 1, 2010 - Nov 3, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 3,600,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 45.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 120 - Rs. 125 Per Equity Share
»» Market Lot: 50 Shares
»» Minimum Order Quantity: 50 Shares
»» Listing At: BSE, NSE
Brickwork has assigned an IPO Grade 3 to Gravita India Ltd IPO. This means as per Brickwork company has 'Average Fundamentals'. Brickwork assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Brickwork IPO Grading Document for Gravita India Ltd.
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|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||1,775,000||532,500||1,242,500||50,000||3,600,000|
|Day 1 - Nov 1, 2010 17:00 IST||1.0100||0.1900||0.9700||0.9300||0.8700|
|Day 2 - Nov 2, 2010 17:00 IST||1.0100||0.1900||3.9700||1.0600||1.9100|
|Day 3 - Nov 3, 2010 17:00 IST||6.0400||182.5200||37.3400||1.1700||42.8800|
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