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>>