IPO Of Gravita India Open On November 1

IPO Of Gravita India Open On November 1Gravita India lead metal manufacturer is coming into capital market with an IPO ( initial public offering ) of 36 lakh equity shares, The IPO open on Nov 1 and end on November 3.

The company plan to use the proceeds of the issue for establishing one more manufacturing facilities at Jaipur as well as new facility at Wada,. It will likewise utilize the proceeds for investment in overseas projects at Sri Lanka – Navam Lanka Limited, Honduras – Gravita Honduras SA and Senegal – Pagrik Senegal SA. The company plans to increase Rs 43.2-45 cr.

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