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Gravita IPO is a book built issue of Rs 45.00 crores.
Gravita IPO bidding started from November 1, 2010 and ended on November 3, 2010. The shares got listed on BSE, NSE on November 16, 2010.
Gravita IPO price band is set at ₹120 to ₹125 per share. The minimum lot size for an application is 50 Shares. The minimum amount of investment required by retail investors is ₹6,250.
Keynote Financial Services Ltd is the book running lead manager of the Gravita IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Gravita IPO RHP for detailed information.
| IPO Date | November 1, 2010 to November 3, 2010 |
| Listing Date | November 16, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹125 per share |
| Lot Size | 50 Shares |
| Total Issue Size | 3,600,000 shares (aggregating up to ₹45.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Gravita IPO offers 3,600,000 shares. 1,775,000 (49.31%) to QIB, 532,500 (14.79%) to NII, 1,242,500 (34.51%) to RII, 50,000 (1.39%) to employees. 24,850 RIIs will receive minimum 50 shares and (sNII) and (bNII) will receive minimum 1,650 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,775,000 (49.31%) | NA |
| NII (HNI) Shares Offered | 532,500 (14.79%) | |
| Retail Shares Offered | 1,242,500 (34.51%) | 24,850 |
| Employee Shares Offered | 50,000 (1.39%) | NA |
| Total Shares Offered | 3,600,000 (100%) |
Investors can bid for a minimum of 50 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,250 |
| Retail (Max) | 32 | 1600 | ₹200,000 |
| Lot Size Calculator | |||
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.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | ||
| Total Income | 16,697.38 | 10,900.94 | 4,917.41 | 2,196.29 | 393.52 | |
| 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.
The Gravita IPO is subscribed 42.88 times on November 3, 2010 5:00:00 PM. The public issue subscribed 37.34 times in the retail category, 6.04 times in the QIB category, and 182.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 6.04 |
| NII | 182.52 |
| Retail | 37.34 |
| Employee | 1.17 |
| Total | 42.88 |
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.
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.
| Listing Date | November 16, 2010 |
| BSE Script Code | 533282 |
| NSE Symbol | GRAVITA |
| ISIN | INE024L01027 |
| Final Issue Price | ₹125 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹125.00 |
| ₹218.75 |
| ₹205.00 |
| ₹255.00 |
| ₹210.40 |
| NSE |
|---|
| ₹125.00 |
| ₹201.10 |
| ₹201.10 |
| ₹253.20 |
| ₹209.70 |
Gravita India Ltd
'Saurabh', Chittora Road,
Harsulia Mod, Diggi - Malpura,
Tehsil: Phagi, Jaipur 303 904, Rajasthan
Phone: +91-9928070682
Email: companysecretary@gravitaindia.com
Website: http://www.gravitaindia.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: gravita.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Gravita IPO is a main-board IPO of 3,600,000 equity shares of the face value of ₹10 aggregating up to ₹45.00 Crores. The issue is priced at ₹120 to ₹125 per share. The minimum order quantity is 50 Shares.
The IPO opens on November 1, 2010, and closes on November 3, 2010.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Gravita IPO opens on November 1, 2010 and closes on November 3, 2010.
Gravita IPO lot size is 50 Shares, and the minimum amount required is ₹6,250.
You can apply in Gravita IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gravita IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gravita IPO allotment status.
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RHP
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