Gravita India IPO Hits The Indian Share Market On 1st Nov 2010
Jaipur based manufacturer of lead metal Gravita India Ltd is entering the Indian Stock Market with an IPO of 36 lakhs equity shares at a price band of Rs 120 -125 a share.
Online, November 1, 2010 (Newswire.com) - Jaipur based manufacturer of lead metal Gravita India Ltd is entering the Indian Stock Market with an IPO of 36 lakhs equity shares at a price band of Rs 120 -125 a share. The IPO will open on 1st Nov 2010 and will be available for retail investing till 3rd Nov 2010.
With this IPO Gravita India hopes to raise Rs 45 crores. Gravita India intends to utilize these funds to set up an additional manufacturing unit in Jaipur and a new facility at Wada, Maharashtra apart from investing in international ventures including Navam Lanka Limited (Sri Lanka), Pagrik Senegal SA (Senegal) and Gravita Honduras SA (Honduras).
Keynote Corporate Services Ltd is the book running lead manager to the issue.
The company is engaged in the business of manufacturing of lead metal by recycling and smelting process. It has a subsidiary Gravita Exim Limited, which is specialized in providing turnkey solutions and consultancy services on engineering and design for secondary lead companies.
If you wish to subscribe to the Gravita India IPO, a demat account is mandatory. Basic documentation required to open a demat account includes a PAN card, residence proof and passport size photographs. For further details on investing in the Indian Share Market , visit http://www.sharemarketindia.co.in
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