Recyclers of lead batteries and manufacturers of lead and lead alloys, Gravita India has opened for subscription today. Priced between Rs 120-125, the company is offering 36 lakh equity shares through the IPO route, which will close on November 3. The company aims to raise Rs 43.2-45 crore.

Rajat Agrawal, MD of the company, in an interview with CNBC-TV18’s managing editor Udayan Mukherjee said the company has an 8% share of the 110,000 tonne lead market in India. Post issue, the company plans to scale up their lead capacity.

“Presently we have 38,700 tonne per annum capacity to handle lead. After expansion, our total capacity is going to be 62,000 tonne of lead,” he said. More Details>>

There are many different uses of Lead. It may be used as a pure metal, alloyed with other metals, or as chemical compounds.

Key Features of Lead:

*Lead a naturally occurring metal.
* Lead is still used widely in commercial products.
* Lead is very stable and accumulates in the environment.
* Most lead encountered in the environment today is inorganic.
* The body absorbs organic lead (as was used in leaded gasoline and is used in occupational settings) faster than inorganic lead.

Lead is mostly used in Batteries, building construction for roofing and cladding, Rolled Extrusions, X-Ray Shielding and making Lead Wool, Lead Wire, Lead Pipes, Lead ingots, Lead Sheets, Lead Bullets, Paints Pigments, Pure Lead, Cable Sheathing, bearings, solder, antifriction metals, and type metal.

Shot Lead is an Alloy of Lead, Antimony, and Arsenic. Lead Foil is made with Lead alloys. Lead is added to brass to reduce machine tool wear.

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For assistance and buying Pure Lead Please do visit at http://www.gravitaindia.com