Bookbuilding IPO | ₹45 Cr | Listed at BSE, NSE | Mon, Nov 1, 2010 - Wed, Nov 3, 2010
Gravita India IPO is a book build issue of ₹45.00 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹45.00 crore.
Gravita India IPO bidding started from Nov 1, 2010 and ended on Nov 3, 2010. The shares got listed on BSE, NSE on Nov 16, 2010.
Gravita India IPO price band is set at ₹125 per share. The lot size for an application is 50. The minimum amount of investment required by an retail is ₹6,250 (50 shares) (based on upper price). The lot size investment for sNII is 33 lots (1,650 shares), amounting to ₹2,06,250, and for bNII, it is 161 lots (8,050 shares), amounting to ₹10,06,250.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Keynote Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Gravita India IPO RHP for detailed Information.
IPO Open
Mon, Nov 1, 2010
IPO Close
Wed, Nov 3, 2010
Issue Price
₹125 per share
Market Cap (Pre-IPO)
₹170.25 Cr
| IPO Date | 1 to 3 Nov, 2010 |
| Listed on | Tue, Nov 16, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹120 to ₹125 |
| Issue Price | ₹125 per share |
| Lot Size | 50 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 36,00,000 shares (agg. up to ₹45 Cr) |
| Fresh Issue | 36,00,000 shares (agg. up to ₹45 Cr) |
| Share Holding Pre Issue | 1,00,20,000 shares |
| Share Holding Post Issue | 1,36,20,000 shares |
| BSE Script Code / NSE Symbol | 533282 / GRAVITA |
| ISIN | INE024L01027 |
Gravita India IPO comprises a total issue size of 36,00,000 shares. The net offer to the public is 35,50,000 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 17,75,000 (50.00%) are allocated to QIB, 5,32,500 (15.00%) allocated to NII 12,42,500 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 17,75,000 | 50.00% | 49.31% | NA |
| NII (HNI) Shares Offered | 5,32,500 | 15.00% | 14.79% | NA |
| Retail Shares Offered | 12,42,500 | 35.00% | 34.51% | 24,850 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 1.39% | NA | |
| Total Shares Offered | 36,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 50 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 50 | ₹6,250 |
| Retail (Max) | 32 | 1,600 | ₹2,00,000 |
| S-HNI (Min) | 33 | 1,650 | ₹2,06,250 |
| S-HNI (Max) | 160 | 8,000 | ₹10,00,000 |
| B-HNI (Min) | 161 | 8,050 | ₹10,06,250 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | |
|---|---|
| RoNW | 49.71% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 99.94% | 73.52% |
| Market Cap | ₹170.25 Cr. |
The Gravita IPO is subscribed 42.88 times on November 3, 2010 5:00:00 PM (Day 3). The public issue subscribed 37.34 times in the retail category, 6.04 times in the QIB category, and 182.52 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 6.04 | 17,75,000 | |
| NII | 182.52 | 5,32,500 | |
| Retail | 37.34 | 12,42,500 | |
| Employee | 1.17 | 50,000 | |
| Total | 42.88 | 36,00,000 |
Brickwork has assigned an IPO Grade 3 to Gravita India Ltd IPO. This means as per Brickwork company has 'Average Fundamentals'. Brickwork assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the Brickwork IPO Grading Document for Gravita India Ltd.
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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to intermediaries | 1.73 |
| 2 | Advertising and marketing expenses | 0.35 |
| 3 | Commission/ fees to SCSBs | 0.02 |
| 4 | Printing and Stationary & Distribution | 0.50 |
| 5 | Others | 0.52 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹125.00 | ₹125.00 |
| Open | ₹218.75 | ₹201.10 |
| Low | ₹205.00 | ₹201.10 |
| High | ₹255.00 | ₹253.20 |
| Last Trade | ₹210.40 | ₹209.70 |
Lead Manager Reports
Gravita India IPO is a main-board IPO of 36,00,000 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹125 per share. The minimum order quantity is 50.
The IPO opens on Mon, Nov 1, 2010, and closes on Wed, Nov 3, 2010.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Gravita India IPO using UPI as a payment gateway. Zerodha customers can apply in Gravita India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gravita India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gravita India IPO opens on Mon, Nov 1, 2010 and closes on Wed, Nov 3, 2010.
Gravita India IPO lot size is 50, and the minimum amount required for application is ₹6,250.
You can apply in Gravita India IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gravita India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Gravita India IPO allotment status.
The Gravita India IPO listing date is on Tue, Nov 16, 2010.
