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Gravita India Ltd IPO (Gravita IPO) Detail

Nov 1, 2010 - Nov 3, 2010        
  
   

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).

Company Financials:

ParticularsFor the year/period ended (in Rs. Lakhs)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-06
Total Income16,697.3810,900.944,917.412,196.29393.52
Profit After Tax (PAT)1,398.23542.35261.85222.75113.64

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 Detail:

  »»  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

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.

Check IPO Ratings from other stock analysts.

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.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
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 

Gravita IPO News Alerts

  1. Monday, November 15, 2010 7:41:49 AM
    IPO Listing - Gravita India Limited
  2. Monday, November 15, 2010 1:31:28 AM
    IPO Allotment - Gravita India Limited
  3. Wednesday, November 3, 2010 10:31:48 AM
    Gravita India Ltd IPO finally subscribed 42.88 times
  4. Tuesday, November 2, 2010 11:40:18 AM
    Gravita India Ltd IPO subscribed 1.91 times
  5. Tuesday, October 26, 2010 5:16:01 AM
    Upcoming IPO - Gravita India Limited

Gravita IPO Rating

   Rating: 4.0
639
4.0
Rating:Rated 4.0 stars

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Gravita IPO Listing Date

Listing Date:Tuesday, November 16, 2010
BSE Scrip Code:533282
NSE Symbol:GRAVITA
Listing In:B Group of Securities
Sector:Other Non-Ferrous Metals
ISIN:INE024L01019
Issue Price:Rs. 125.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 125.00
Open:Rs. 218.75
Low:Rs. 205.00
High:Rs. 255.00
Last Trade:Rs. 210.40
Volume:25,358,133
NSE
Rs. 125.00
Rs. 201.10
Rs. 201.10
Rs. 253.20
Rs. 209.70
39,539,057

Gravita IPO Prospectus

Company Contact Information

Registered Office :
    'Saurabh', Chittora Road,
    Harsulia Mod, Diggi - Malpura,
    Tehsil: Phagi, Jaipur 303 904, Rajasthan
Phone: +91-9928070682
Fax: +91-141-2621491
Email: companysecretary@gravitaindia.com
Website: http://www.gravitaindia.com

Gravita IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: gravita.ipo@karvy.com
Website: http://karisma.karvy.com

Gravita IPO Lead Manager(s)


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Gravita IPO Messages (Gravita IPO Comments)

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818. navfame  Jan 26, 2011 9:34:58 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
navfame's - IPO Comments,  Public Profile

naveen malu

hello baba

dont panic..just call karvy branch in your city or hyderabad head office
.just tell them the application number and name..they shall intimate your refund status..most likely u will recieve refund by cheque by 23rdnovember..regards

 

817. BABU JI PUNJABI  Dec 10, 2010 10:44:01 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
BABU JI PUNJABI's - IPO Comments,  Public Profile

YET TO RECEIVE REFUND OF MY IPO APPLICATION. KARVY IS NOT RESPONDING PROPERLY. PLEASE ADVISE WHERE TO REGISTER COMPLAINT

 

816. Deep Kumar  Dec 3, 2010 3:18:08 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Deep Kumar's - IPO Comments,  Public Profile

Dear PC Dave and Mahe,
Thanks for the supportive mails. I got my cheque today against Gravita India IPO.
Thanks and wishes

 

815. Mahe  Dec 1, 2010 8:39:18 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Mahe's - IPO Comments,  Public Profile

Dear Deep Kumar,

Received cheque for Gravita IPO Refund on Monday (29.11.2010). Hope u 2 will receive it soon.

 

814. Deep Kumar  Dec 1, 2010 4:44:38 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Deep Kumar's - IPO Comments,  Public Profile

@ PCDave, thanks for responding.
I was wondering if there are people who know how to go about in such situation. Is there a grievance addressing mechanism that exists?

 

813. pcdave delhi  Dec 1, 2010 4:39:21 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
pcdave delhi's - IPO Comments,  Public Profile

@ Deep Kumar

I am facing problem with Power Grid refund...very pathetic situation...no one pick up phone at karvy...

 

812. Deep Kumar  Dec 1, 2010 4:30:41 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Deep Kumar's - IPO Comments,  Public Profile

Hi,
I am yet to receive the refund from Karvy against the Gravita India IPO. I am told that the refund has been dispatched to my address through post. I was wondering if there are others who are facing the same problem.

 

811. R KUMAR  Nov 27, 2010 5:52:21 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
R KUMAR's - IPO Comments,  Public Profile

sanjay ji
mere sath bhi same aap wali problem hai mera bhi refund nahi aya karvy wale kahte hai ki refund order 16 /11/2010 ko dispatch kar diya hai

 

810. sanjaygupta  Nov 27, 2010 4:21:18 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sanjaygupta's - IPO Comments,  Public Profile

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

 

809. rohit goel  Nov 25, 2010 6:19:27 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rohit goel's - IPO Comments,  Public Profile

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.

 

808. RAVI IYER  Nov 25, 2010 2:50:43 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RAVI IYER's - IPO Comments,  Public Profile

Dear Manojrmg,
How do you appy for more tahn one application.
Doesnt it get rejected
Ravi

 

807. Swati B  Nov 24, 2010 11:49:48 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Swati B's - IPO Comments,  Public Profile

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..

 

806. rohit agrawal  Nov 23, 2010 3:46:22 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rohit agrawal's - IPO Comments,  Public Profile

Hiiiiiiiiii

Plz Tell Me what was the Basis of Allotment in Gravita IPO

 

805. Swati B  Nov 23, 2010 12:17:05 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Swati B's - IPO Comments,  Public Profile

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 ?

 

804. GNM MNG  Nov 22, 2010 5:19:14 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
GNM MNG's - IPO Comments,  Public Profile

I TOLD 2ND MIDFILD

TO DAY CLOSED 253.75

SHORT TIME 20 % CIRCUIT AND TGT RS.350/=

BUY AND MAKE MONEY

 

803. outsider  Nov 21, 2010 9:19:21 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
outsider's - IPO Comments,  Public Profile

i also not get refund(phsical order)

 

802. rohit goel  Nov 21, 2010 4:13:39 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rohit goel's - IPO Comments,  Public Profile

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.

 

801. MS PRABU  Nov 21, 2010 9:01:28 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
MS PRABU's - IPO Comments,  Public Profile

i too not yet recievd my refund.... this things has to be channelised to avoid these kinds of delay in future

 

800. baba singh  Nov 20, 2010 5:16:16 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
baba singh's - IPO Comments,  Public Profile

manojrmg Nov 20, 2010 3:36:55 PM IST
Gravita India Limited
i am the luckiest person, applied 5 applications of 50 shares each, got allotment of 50 shares each in four of them


dear manoj baba singh here

i have aaplied for gravita but not get the refund
have u get the efund in all account

 

799. manojrmg  Nov 20, 2010 3:36:55 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
manojrmg's - IPO Comments,  Public Profile

i am the luckiest person, applied 5 applications of 50 shares each, got allotment of 50 shares each in four of them

 

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