Gravita India Limited IPO : Settled at 66.31% premium on debut

by khalid on 18/11/2010 · 0 comments

Gravita India Limited’s shares got debuted at Rs 201.10, a nice 60.88% premium over its initial public offering (IPO) price of Rs 125.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 209.70 which is a premium of 66.31% over the issue price of Rs 125.00. The stock hit a high of Rs. 253.20 and low of Rs. 201.10 on the listing day 16th Nov 2010. A total of 39,539,057 shares changed hands on the NSE. 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.

Listing day Summary :-
Listing Date: 16th Nov 2010
BSE Scrip Code : 533282
Listing In : ‘B’ Group of Securities
ISIN : INE024L01019
Issue Price : Rs. 125.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 125.00
Open : 201.10
High : 253.20
Low : 201.10
Close : 209.70
Last Trade : 209.70

Gravita India Limited has raised Rs 45 crore through an initial public offering of 3,600,000 equity shares.

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