Gravita India Limited IPO : Opening on 1st Nov 2010

by khalid on 27/10/2010 · 35 comments

Gravita India Limited (GIL) is entering into primary market with an Initial Public Offer (IPO) of 3,600,000 Equity Shares of Rs 10 each. The IPO is opening on 1st Nov 2010 and the shares will be available for subscription up to 3rd Nov 2010. The premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs. 120 – Rs. 125 Per Equity Share. Gravita India Limited (GIL) is 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 proceeds of this IPO will be used to set up additional manufacturing facilities at Jaipur and new facility at Wada, Maharashtra in India, to invest in overseas ventures at Sri Lanka- Navam Lanka Ltd, Senegal – Pagrik Senegal SA-Honduras-Gravita Honduras SA, to invest in setting up manufacturing facilities at Australia, Belarus, Chile and Mexico, to provide margin money for working capital requirement, for general corporate purposes, to meet the expenses of the issue and to list the equity shares on the Stock.

The Promoters of the Company are Mr. Dr. Mahaveer Prasad Agarwal, Mr. Rajat Agrawal, the main Founder Director, and Mr. Rajeev Surana.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Issue Detail:-
Issue Open : 1st Nov 2010 – 3rd Nov 2010
Issue Type : 100% Book Built Issue IPO
Issue Size : 3,600,000 Equity Shares of Rs 10 each
Issue Size : Rs. 43.20 – 45.00 Crores
Face Value : Rs 10 Per Equity Share
Issue Price : Rs. 120 – Rs. 125 Per Equity Share
Market Lot : 50 Shares
Minimum Bid Quantity : 50 Shares
Listing At : BSE, NSE

The sole book running lead manager to the issue is Keynote Corporate Services Limited.

Registrar of the Issue : Karvy Computershare Private Limited Hyderabad.

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{ 34 comments… read them below or add one }

Aakash Kothari October 27, 2010

The companys figure seems attractive, should we invest in the IPO, will it be wise decision ??
any one have idea about theGravita. please suggest

Reply

khalid October 27, 2010

Gravita is a small issue and the lucky guys who will get allotment will definitely get listing gain. So go for it.

Reply

Sanjay Sharma October 27, 2010

The company have monopolly business in Lead Market, but it seems the retailer will hardly get any stock,

There are lot of interested investors

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khalid October 27, 2010

There are lot of interested investors, its o.k. but all the categories have there definite portion, so the retailer will get their portion too.

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Mohammed Ashfaq October 27, 2010

I think, iinvestors will definetly get the benefit by investing in this company … i hv gone through the website of the company …It is quite avident that the company is growing and definately investors will be benefited… my personal view is we can afford to invest in this company … REST UPTO YOU

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khalid October 27, 2010

I am totally agreed with you Ashfaq, company’s financials are very attractive and increasing exponentially year by year. So one should not miss the chance.

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Malick Diene October 27, 2010

No doubt, it is a fast growing company … see its past financial reports, its returns are growing year by year … Making its presence globally … a wise investor should invest in its stock …

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khalid October 27, 2010

Rightly said Malick, thanks for expressing your opinion here.

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Anuraadh October 27, 2010

Dear Akash,
if u want to knw abt d co. plz visit the website n see its global market coverage … It is a leading manufacturer of Leal Alloy n secondry lead metal..I hope its shares will defntly provide financial leverage to all investors.. Yield coverage wl also increase …

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Nirav October 27, 2010

Maximum shares i can apply for gravita as retail investor?..Up to 1 lac or 2 lacs

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khalid October 28, 2010

Dear Nirav
I am too searchig for the confirmation of the maximum ceiling of invstment. whether it is 1 or 2 lacs . If anybody have the information please share over here.

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Ketan Desai October 28, 2010

I am planning to buy close to 500 shares of Gravita as Growth pattern of the company is good and operations worldwide are surely promising as they make the company less prone to currency fluctuations. It seems to be a good investment option and i think there are chances of listing gains also.

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khalid October 28, 2010

Dear Ketan
Go for this IPO. Very good company as per growth pattern for long term investment. As for as listing gain is concern it could be list at around Rs 200+.

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Samvit Singh October 28, 2010

Investing in Small but fastly growing company like Gravita, is it safe?
what are the lising gains expected?

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Praveen October 28, 2010

Dear Samvit,
I guess the gain will not be less than 75 Rs per share at the time of listing. good stock to invest. i am still waiting for the confirmation about the maximum ceiling of invstment. whether it is 1 or 2 lacs .

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khalid October 28, 2010

Dear Samvit
Go for this IPO. very small IPO. If shares allotted gives you good returns on listing
listing could be around 200+

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Rashid Ali November 2, 2010

u can’t get any better opportunity than this….I am trader in shares and Gravita is bound to grow…….

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sumit November 2, 2010

Can any body help me out to get application form for Gravita’s share …? i am quite confident that this stock will definately give us gain … so plz let me know form where i can get forms ..

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khalid November 2, 2010

Hi Sumit
Try to find out Karvy Computershare Office in your city. You will get the IPO Application from there. You can ask your share broker either.
Gravita IPO is very good and will give you a good returns on listing.

Reply

vaibhav November 2, 2010

Hi Khalid ,
I just want to know , can one person apply for more than one DMAT account , say …I have one in SBI but can I apply for another one in IDBI ( ICMS )
If it is possible then I can apply for more than one bids for IPOs under my name ..is that correct ?

VM

Reply

khalid November 2, 2010

Hi Sumit,
No dear its not possible. You may have several DEMAT accounts but you can not have more than one PAN number and under one PAN only one application is allowed as per SEBI.
So don’t do that. Best of luck.

Reply

Deepak Kumar Upadhyay November 2, 2010

looking at the increasing demand of Lead in the international market the IPO of Gravita India Ltd. looks lucrative and may cross Rs. 200 mark after listing…..

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khalid November 2, 2010

Hi Deepak,
It looks like,there will be fireworks on listing. The share may cross the price, what grey market people are expecting. As the issue is very small, luckiest allottees will definitely get a bonanza on Diwali.
Happy investing.

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ujjwal November 2, 2010

Gravita IPO is subscribed over 87% on the opening day…..its gonna rock

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khalid November 2, 2010

Hi Ujjwal,
You are right. Apply for good gain.
Happy investing

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Rakesh November 2, 2010

I have opted for 800 shares but want to take 1000 more shares of Gravita India Ltd. any body selling applications please contact me

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Mohammad Ussman November 2, 2010

I know Gravita India since its inception and know how determined the management is about success….87% subscribed on the first day……..gonna have rocking diwali this year…..congrats all Gravita Investors

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khalid November 2, 2010

Hi Usman
You are right. There will be fireworks on listing. Apply in full swing to get good listing gains. The Equity is very small hence the share will definitely rock.
Happy investing

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Rashid Ali November 2, 2010

I am successful commodity investor in and know the lead market very well……given the credentials of Gravita India Ltd. I am sure investors are going to make lots of money…..happy diwali

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Manjot November 2, 2010

Dear Mr. Khalid,
Thanks for ur valuable comments, as per ur suggestion i went through the prospectus and website of Gravita, decided to invest in it, and now i am damm sure that it will be profitable venture. I also saw the interview of MD Mr. Rajat on CNBC, he was quite confident for the growth of the organisation

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khalid November 2, 2010

You are welcome Manjot, thanks for your visit, happy investing.

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khalid November 2, 2010

Hi Rashid,
Congrates on your success in commodity market. Thanks for giving another good reason to invest in Gravita India Ltd. IPO.

Reply

Rakesh Desai November 2, 2010

Already 90% subscription on first day !!!!! Be ready to have a blast on listing day. Post Diwali Gift package….. !!!

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khalid November 2, 2010

90% Subscribed… this IPO will go on. Whoever’s applications are rejected in Coal India can invest in this IPO.

Reply

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