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Gravita India Ltd IPO (Gravita IPO) Detail

November 1, 2010 - November 3, 2010

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.

Gravita IPO Details

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 Size3,600,000 shares
(aggregating up to ₹45.00 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue10,020,000
Share holding post issue13,620,000

Gravita IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered1,775,000 (49.31%)NA
NII (HNI) Shares Offered532,500 (14.79%)
Retail Shares Offered1,242,500 (34.51%)24,850
Employee Shares Offered50,000 (1.39%)NA
Total Shares Offered3,600,000 (100%)

Gravita IPO Lot Size

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

Gravita IPO Promoter Holding

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).

Share Holding Pre Issue 99.94%
Share Holding Post Issue 73.52%

About Gravita India Ltd

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 Financials

ParticularsFor the year/period ended (in Rs. Lakhs)
Total Income16,697.3810,900.944,917.412,196.29393.52
Profit After Tax (PAT)1,398.23542.35261.85222.75113.64

Key Performance Indicator

Objects of the Issue (Gravita IPO Objectives)

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.

Gravita IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

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.

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.

Gravita IPO Prospectus

Gravita IPO Rating

Rating:Rated 4.0 stars
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Gravita IPO Listing Details

Listing Date November 16, 2010
BSE Script Code 533282
ISIN INE024L01027
Final Issue Price ₹125 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Gravita India Ltd Contact Details

Gravita India Ltd
'Saurabh', Chittora Road,
Harsulia Mod, Diggi - Malpura,
Tehsil: Phagi, Jaipur 303 904, Rajasthan
Phone: +91-9928070682

Gravita IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Gravita IPO - Buy or Not

Gravita IPO Recommendation Summary

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Members 0 0 0

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Gravita IPO FAQs

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.

The Gravita IPO listing date is on November 16, 2010.
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Gravita IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



817. navfame |   Link |  Bookmark |January 26, 2011 8:34:58 PM
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
816. BABU JI PUNJABI |   Link |  Bookmark |December 10, 2010 9:44:01 AM
815. Deep Kumar |   Link |  Bookmark |December 3, 2010 2:18:08 PM
Dear PC Dave and Mahe,
Thanks for the supportive mails. I got my cheque today against Gravita India IPO.
Thanks and wishes
814. Mahe |   Link |  Bookmark |December 1, 2010 7:39:18 PM
Dear Deep Kumar,

Received cheque for Gravita IPO Refund on Monday (29.11.2010). Hope u 2 will receive it soon.
813. Deep Kumar |   Link |  Bookmark |December 1, 2010 3:44:38 PM
@ 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?
812. pcdave delhi |   Link |  Bookmark |December 1, 2010 3:39:21 PM
@ Deep Kumar

I am facing problem with Power Grid refund...very pathetic one pick up phone at karvy...
811. Deep Kumar |   Link |  Bookmark |December 1, 2010 3:30:41 PM
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.
810. R KUMAR |   Link |  Bookmark |November 27, 2010 4:52:21 PM
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
809. sanjaygupta |   Link |  Bookmark |November 27, 2010 3:21:18 PM
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
808. rohit goel |   Link |  Bookmark |November 25, 2010 5:19:27 PM
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.
807. RAVI IYER |   Link |  Bookmark |November 25, 2010 1:50:43 PM
Dear Manojrmg,
How do you appy for more tahn one application.
Doesnt it get rejected
806. Swati B |   Link |  Bookmark |November 24, 2010 10:49:48 AM
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..
805. rohit agrawal |   Link |  Bookmark |November 23, 2010 2:46:22 PM

Plz Tell Me what was the Basis of Allotment in Gravita IPO
804. Swati B |   Link |  Bookmark |November 23, 2010 11:17:05 AM
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 ?
803. GNM MNG |   Link |  Bookmark |November 22, 2010 4:19:14 PM



802. outsider |   Link |  Bookmark |November 21, 2010 8:19:21 PM
i also not get refund(phsical order)
801. rohit goel |   Link |  Bookmark |November 21, 2010 3:13:39 PM
I applied online through 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.
800. MS PRABU |   Link |  Bookmark |November 21, 2010 8:01:28 AM
i too not yet recievd my refund.... this things has to be channelised to avoid these kinds of delay in future
799. baba singh |   Link |  Bookmark |November 20, 2010 4:16:16 PM
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
798. manojrmg |   Link |  Bookmark |November 20, 2010 2:36:55 PM
i am the luckiest person, applied 5 applications of 50 shares each, got allotment of 50 shares each in four of them