₹69.01 Crores | Listing at BSE | Mon, Apr 27, 2026 - Mon, May 25, 2026
Gravity India Ltd. Rights Issue comprises 6.90 Cr equity shares aggregating to ₹69.01 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Apr 8, 2026, with the Rights Issue being offered in the entitlement ratio of 23:3.
The terms of payment is defined as following : ₹10 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on May 26, 2026.
The Rights Issue opens on Apr 27, 2026, and closes on May 25, 2026, with renunciation of Rights Entitlements permitted up to May 19, 2026.
The deemed date of allotment is May 26, 2026, following which the equity shares are expected to be credited to demat accounts on May 27, 2026 and listed on the BSE on May 27, 2026.
MUFG Intime India Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gravity India Ltd. Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Apr 8, 2026
Entitlement Ratio
23 : 3
Open Date
Mon, Apr 27, 2026
Close Date
Mon, May 25, 2026
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Total Income | 1.97 | 2.28 | 10.27 |
| Profit After Tax | -2.01 | -6.16 | -1.00 |
| NET Worth | 2.06 | 4.07 | 10.23 |
| Total Borrowing | 2.76 | 2.68 | 2.67 |
| Amount in ₹ Crore | |||
Gravity (India) Limited is primarily engaged in the manufacturing and processing of textile and furnishing fabrics. Headquartered in Mumbai, the company produces various range of synthetic fabrics, shirting materials, and industrial textiles used in clothing and home furnishings.
It operates manufacturing facilities in India and focuses on delivering quality fabric solutions for both domestic and industrial markets.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To augment the existing and incremental working capital requirement of the company | 53.00 |
| 2 | General Corporate Purpose | 15.01 |
| Total | 68.01 |
[Dilip Davda] GIL that was primarily engaged in the textile segment diversified in to agri commodity trading, IT related solutions and services. The company posted minuscule financial performances with declining top line and rising losses from FY22 to FY25. It marked a sharp turnaround for 9M-FY26 which not only raise eyebrows but also concern over its sustainability as it has diversified into crowded segments. Though the RI is at par value, it appears “High Risk/Low Return” bet. Over eight-fold rise in its post-RI equity base may face its servicing issue. There is no harm in skipping this dicey offer. Read detail review...
Gravity India Rights Issue April 2026 got subscribed by 0.07 times by the end of the bidding period with total bid quantity received by BSE of 50,81,500 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | Subscription Times |
|---|---|---|
May 25 2026 17:00:00 | 50,81,500 | 0.07x |
Gravity India Ltd.
Paresh Complex, Building No. “C”, Gala No. 227-A,
Near Guru Kripa Hotel, Reti Bunder Road,
Kalher Village, Bhiwandi
Thane, 421302
The Gravity India Rights Issue April 2026 opens on Mon, Apr 27, 2026, and closes on Mon, May 25, 2026.
Gravity India Rights Issue April 2026 Schedule
| Last Date for credit of Rights Entitlements | Tue, Apr 21, 2026 |
| Last Date for renunciation of Rights Entitlements | Tue, May 19, 2026 |
| Issue Opening Date | Mon, Apr 27, 2026 |
| Issue Closing Date | Mon, May 25, 2026 |
| Date of Allotment (on or about) | Tue, May 26, 2026 |
| Date of Credit (on or about) | Wed, May 27, 2026 |
| Date of Listing (on or about) | Wed, May 27, 2026 |
You can apply for Gravity India Rights Issue April 2026 in two ways:
Steps to apply for Gravity India Rights Issue April 2026 using Net Banking (ASBA)
Steps to apply for Gravity India Rights Issue April 2026 using Registrar's website (R-WAP)
