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Gravita India Limited IPO Listing Detail

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

Gravita India Limited IPO Allotment Status is now available online.

Gravita India IPO was open on Nov 01, 2010 and closed on Nov 03, 2010. IPO was oversubscribed by 42.88 times (37.34 times in retail).

Gravita India Ltd IPO finally subscribed 42.88 times on its closing day. Gravita India IPO was open on Nov 01, 2010 and closed today on Nov 03, 2010 for subscription. Gravita India has received bids for 15,43,59,850 shares as against issue size of 36,00,000 shares.

Oversubscription detail

Qualified Institutional Buyers (QIBs): 6.04 Times

Non Institutional Investors: 182.52 Times

Retail Individual Investors (RIIs): 37.34 Times

Employee: 1.17 Times

Total: 42.88 Times

Gravita India Ltd IPO subscribed 1.91 times on its day 2. Gravita India IPO was open on Nov 01, 2010 and will close on Nov 03, 2010 for subscription. Gravita India has received bids for 68,86,950 shares as against issue size of 36,00,000 shares.

Oversubscription detail for Day 2

Qualified Institutional Buyers (QIBs): 1.01 Times

Non Institutional Investors: 0.19 Times

Retail Individual Investors (RIIs): 3.97 Times

Employee: 1.06 Times

Total: 1.91 Times

Gravita India Ltd is entering in the capital markets with an initial public offering, IPO of 36,00,000 Equity Shares of Rs. 10 each. The price band for the issue has been fixed at Rs 120/- at lower level and Rs 125/- at upper level for equity share of Rs 10/-.

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.

The issue opens on Nov 01, 2010, and closes for subscription on Nov 03, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).