Gravita India IPO: Gravita India IPO opens for Subscription, Gravita India IPO to open on November 1

Gravita India , a manufacturer of cause metal is planning to insert the capital sale amidst an first public suggesting (IPO) of 36 lakh equity shares on November 1 .The gravita india IPO should finish on November 3.

The establishment is aiming to appreciation supplementary as opposed to Rs 40 crore at a rates band of Rs 120-125 a share.Retail Investors flush amid refunds according to Coal India IPO are keen to invest such a traffic in presently issue.

Gravita India plans to utilise the profits from what i read in the problem for setting up an a good amount manufacturing equipments at Jaipur and a new facility at Maharashtra. It could too use the returns for investment opportunity for setting up foreign operations at Sri Lanka, Senegal and Honduras.With this moment foreign expansion Gravita India is awaiting to hastily become a sector leader and exporter of make metal that has several industrial uses.

Part of returns for the IPO ought to moreover be used up for setting up manufacturing amenities in further countries these types of as Australia, Belarus, Chile and Mexico.Keynote Corporate Services Ltd is the book running instigate manager for the IPO.
 
.
The company is engaged in the business of manufacturing of lead metal by recycling from scrap and through smelting.It has a subsidiary Gravita Exim, which provides solutions and consultancy services on engineering and design for the secondary lead companies.

Application forms for Gravita India IPO are available with all leading brokers.
Source:http://indiamicrofinance.com/gravita-india-ipo-subscription-open-1-november.html