Gravita India IPO
Gravita India IPO — date, price band, lot size & details 2010
Gravita India listed on 16 Nov 2010 at ₹201.1, 60.9% above the ₹125 issue price.
Gravita India makes lead metal by recycling and smelting lead ore and battery scrap, and turns it into pure lead, alloys, oxides and lead products. Its total income was Rs 111.67 crore in FY2010.
Stock price
Gravita India is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 01 Nov 2010
- Close 03 Nov 2010
- Allotment TBA
- Refund/credit TBA
- Listing 16 Nov 2010
Issue summary
The terms of the offer, as filed.
| IPO Dates | 1 to 3 Nov, 2010 |
|---|---|
| Price Band | ₹120 – ₹125 |
| Face Value | ₹10 |
| Lot Size | 50 Shares |
| Issue Size | ₹45 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,250 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 50 shares at the ₹125 cut-off. Drag to size your application.
| 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 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 39.92 crore in FY2008 to Rs 111.67 crore in FY2010.
- 02Profit after tax rose from Rs 2.15 crore in FY2008 to Rs 5.77 crore in FY2010.
- 03Net worth rose from Rs 5.00 crore in FY2008 to Rs 18.84 crore on 30 June 2010.
- 04It planned overseas plants in Australia, Belarus, Chile and Mexico, with Rs 18.60 crore from the issue.
Risks · 5
- 01Profit after tax was Rs 5.77 crore on income of Rs 111.67 crore in FY2010, so margins are thin.
- 02Total borrowing rose from Rs 2.27 crore in FY2009 to Rs 19.77 crore in FY2010.
- 03Lead prices are volatile, and recycling battery scrap carries environmental and regulatory risk; it needed Rs 10.00 crore of working capital margin.
- 04Ventures in several countries, including Rs 5.85 crore in Sri Lanka, Senegal and Honduras, add country and currency risk.
- 05Promoter holding fell from 99.94% before the issue to 73.52% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Gravita India offer document.
| Metric | 30 Jun 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | - | - | 20.13 | 17.09 |
| Total Income | 41.13 | 111.67 | 59.52 | 39.92 |
| Profit After Tax | 2.08 | 5.77 | 2.25 | 2.15 |
| NET Worth | 18.84 | 16.75 | 7.24 | 5.00 |
| Reserves and Surplus | 9.22 | 7.14 | 4.71 | 2.47 |
| Total Borrowing | 16.75 | 19.77 | 2.27 | 5.39 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Gravita India RHP.
Where the money goes
₹51.09 Cr of the issue is earmarked to named objects.
About the company
It smelts lead ore, lead concentrate and lead battery scrap to produce primary and secondary lead metal.
This is turned into pure lead, specific lead alloys, lead oxides such as red lead and litharge, and lead products such as lead sheets and pipes.
The IPO was Rs 45 crore and was entirely fresh issue at Rs 125, the top of the Rs 120 to Rs 125 band. The money was for new capacity at Jaipur and Wada, overseas ventures and plants, and working capital margin.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Gravita India IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Keynote Financial Services
29 issues handledBest listing: Shree Ganesh Forgings (+43.3%). Weakest: Vishal Information Technologies (-13.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Gravita India?
The current Grey Market Premium is ₹0.
What is the Gravita India IPO price band?
₹120 to ₹125, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 16 November 2010.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
