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.
Company Promoters: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).
Objects of the Issue: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
Gravita India Ltd IPO Grading / Rating
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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Gravita India Ltd IPO Tags:
Gravita India Ltd IPO, Gravita India IPO, Gravita India IPO Bidding, Gravita India IPO Allotment Status, Gravita India drhp and GGravita India Ltd IPO listing.
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Gravita IPO Messages (Gravita IPO Comments)
YET TO RECEIVE REFUND OF MY IPO APPLICATION. KARVY IS NOT RESPONDING PROPERLY. PLEASE ADVISE WHERE TO REGISTER COMPLAINT
Dear PC Dave and Mahe,
Dear Deep Kumar,
@ PCDave, thanks for responding.
@ Deep Kumar
The lier carvywale saying that they have sent the refund through registered post on 16th but till now i also not recipt the refund. Carvey is the worst registrar in india so sebi should band this registrar with heavy penalty
No till date I have not received my refund of Gravita India. I have also registered my grievance with SEBI and hoping for early solution.
Hi @803. rohit goel and 802. MS PRABU, have u recieved ur refund amount ? I'd applied through my icicidirect account but have still not recieved it..
Hi...I have still not received my refund for Gravita IPO applied through ICICI demat account ? too new to this so don't know if this is a common scenario or not ...anyone else who is still waiting for the refund ?
I TOLD 2ND MIDFILD
i also not get refund(phsical order)
I applied online through icicidirect.com for 200 shares of Gravita vide application 2290000041202210. But feel sorry to say that even after listing of the share in the stock exchange, till today i.e. 21.11.10, 4.10 p.m., the company officials/or its authorised registrar has failed to refund the money to the public. It is very hopeless action. I request the SEBI officials to intervene into the matter and help the public in taking back their refund and strict action should be taken against the erring officials /registrar so that these type of lapses may not happen again in future.
i too not yet recievd my refund.... this things has to be channelised to avoid these kinds of delay in future
manojrmg Nov 20, 2010 3:36:55 PM IST
i am the luckiest person, applied 5 applications of 50 shares each, got allotment of 50 shares each in four of them