Gravita India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 1,775,000 (49%) | — | ₹2,219 Cr |
| NII (HNI) | — | 532,500 (15%) | — | ₹666 Cr |
| Retail | — | 1,242,500 (35%) | — | ₹1,553 Cr |
| Employee | — | 50,000 (1%) | — | ₹6 Cr |
| Σ Total | — | 3,600,000 (100%) | — | ₹45,000 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,250 |
| Retail (Max) | 13 | 650 | ₹81,250 |
| S-HNI (Min) | 14 | 700 | ₹87,500 |
| B-HNI (Min) | 67 | 3,350 | ₹418,750 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-10 | 31-Mar-09 | 31-Mar-08 |
|---|---|---|---|
| Revenue | 16,697 | 10,901 | 4,917 |
| Profit After Tax | 1,398 | 542 | 262 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To set up additional manufacturing facilities at Jaipur and new facility at Wada, Maharashtra in India. – 13.02
- 2 To invest in overseas ventures at 1. Sri Lanka- Navam Lanka Limited. 2. Senegal - Gravita Senegal SAU. 3. Honduras – Gravita Honduras SA – 5.85
- 3 To invest in setting up manufacturing facilities at Australia, Belarus, Chile and Mexico. – 18.60
- 4 To provide margin money for working capital requirement. – 10.00
- 5 For general corporate purposes. – 0.50
- 6 To meet the expenses of the issue. – 3.12
Company Overview
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.