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Issue Open Date
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01-Nov-10
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Issue Closing Date
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03-Nov-10
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Application Money
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Allotment Money
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Price Band
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120
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125
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Minimium Application No.
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50
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Issue Size (Shares)
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3600000
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Market Lot
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1
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Objective
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We intend to utilize the proceeds of the Issue for the following purposes:1. To set up additional manufacturing facilities at Jaipur and new facility at Wada, Maharashtra in India2. To invest in overseas ventures at- Sri Lanka- Navam Lanka Limited- Senegal - Pagrik Senegal SA- Honduras - Gravita Honduras SA3. To invest in setting up manufacturing facilities at Australia, Belarus, Chile and Mexico.4. To provide margin money for working capital requirement5. For general corporate purposes6. To meet the expenses of the issue.7. To list the equity shares on the Stock Exchanges.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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532500
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102450
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0.192394366197183
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Qualified Institutional Buyers
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1775000
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1800000
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1.01408450704225
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Retail Individual Investors
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1775000
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1800000
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1.01408450704225
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Business Description:
We are the flagship Company of the Gravita Group which was established in the year 1992 and hasmanufacturing set up at Jaipur. We are engaged in the business of manufacturing of Lead Metal byRecycling & Smelting process & other lead products. Our Company is promoted by first generationentrepreneurs, Dr. M.P. Agarwal and Mr. Rajat Agrawal. Our Company has a subsidiary Gravita EximLimited, a company specializing in providing turnkey solutions and consultancy services on engineeringand design for the secondary lead companies. Gravita India Limited and Gravita Exim Limited togetherare able to provide a complete solution right from setting up plants to providing value added leadproducts in the lead metal market.We are an ISO 9001:2000 and 14001:2004 certified company and a certified Star Export house underMinistry of Commerce and Industry. We are also affiliated as a member with Federation of Indian ExportOrganisation, Institute of Scrap Recycling Industries Inc., FICCI, to name a few. Our company has shownconsistent growth in past 3 years which proves our market credibility.We specialize in producing high quality pure lead ingots with minimum purity level of 99.97% byweight. We have a quality control Laboratory consisting of Optical Emission Spectrometer (OES) ofSpectro Germany make & Atomic Absorption Spectrometer (AAS) to monitor the purity levels of theproduct. Our manufacturing operations to produce Pure Lead / Lead Alloys, Lead Oxides (Litharge, RedLead & Lead Sub-Oxide), are controlled round the clock by experienced Chemists & Quality Controlsupervisors
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Promoter's Holding
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Total Share Capital
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10014000
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Offered to Public
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3600000
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Promoter's Holding (Pre-Issue)
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99.94
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Promoter's Holding (Post-Issue)
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73.52
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Address |
“ Saurabh ”
Chittora Road
Harsulia Mod
Diggi – Malpura
Tehsil – Phagi
Jaipur
,
Rajasthan
,
303904
Phone :
9928070682
Email :
companysecretary@gravitaindia.com
Website :
www.gravitaindia.com
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Registrar |
K FIN Technologies Ltd.-(Karvy Fintech Pvt Ltd.)
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
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Keynote Corporate Services Ltd
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Promoters |
Mahaveer Prasad Agarwal
Rajat Agrawal
Rajeev Surana
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