Gravita India Ltd - IPO

Gravita India Ltd IPO Details

Public issue of 36,00,000 equity shares of Rs.10/- each for cash at a price of Rs. 125/- per equity share (including share premium of Rs. 115/- per equity share) for cash aggregating Rs. 45.00 crores by Gravita India Limited (The Issue). The issue will constitute 26.43% of the post issue paid-up capital of the company. Upto 50,000 equity shares will be reserved in the issue for subscription by eligible employees (the employee reservation portion). The issue less the employee reservation portion is referred to as the net issue. The net issue would constitute 26.06% of the post issue paid-up capital of the company.Issue price: Rs. 125/- per equity share of face value of Rs. 10 each.The issue price is 12.5 times of the face value

Objective of issue

To set up additional manufacturing facilities. To set up new manufacturing facility. To invest in overseas ventures. To invest in setting up manu. fac. at Australia,Be. To provide margin money for working capital req.. For general corporate purposes.

Gravita India Ltd Contact Details

Gravita India Ltd, 46,Avenue 4, Street No 1, Banjara Hills, Hyderabad - 500034

Phone - 91-040-23431546/49

Fax - 91-40-23431551

Email - companysecretary@gravitaindia.com

Website - www.gravitaindia.com