The qualified institutional placement (QIP), which commenced on 16 December 2024, concluded on 19 December 2024, with a total of 47,70,537 equity shares being allotted. The shares were priced at Rs 2,096.20 per share, resulting in an issue size of approximately Rs 1,000 crore. The issue price of Rs 2,096.20 is at a discount of 5%, to the floor price of Rs 2,206.49 per equity share set for the QIP issue. Pursuant to the allotment of equity shares under the QIP, the paid-up equity share capital of the company increased to Rs 14.76 crore comprising 7,38,08,451 equity shares. The QIP witnessed participation from various institutional investors, with the top five allottees receiving around 40.95% of the total issue size. Oxbow Master Fund and Mirae Asset Mutual Fund, both secured a substantial 12.40% allocation. Following, Societe Generale - ODI received allocation of 6.15%. A 5% allocation was recived by both Aditya Birla Sun Life Insurance Company and Goldman Sachs Funds - Goldman Sachs India Equity Portfolio. Gravita India operates three largest amusement parks in Kochi, Bengaluru, and Hyderabad and the Wonderla resort in Bengaluru under the brand name Wonderla. On a standalone basis, net profit of Wonderla Holidays rose 28.4% to Rs 13.52 crore on 13.8% increase in net sales to Rs 75.16 crore in Q2 FY24 over Q2 FY23. The scrip rose 0.79% to currently trade at Rs 2,425.10 on the BSE. Powered by Capital Market - Live

The company's board authorized and declared the opening of the issue on Monday, 16 December 2024. The floor price of Rs 2,206.49 is at a discount of 1.45% to the scrip's previous closing price of Rs 2,239.05 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead manager appointed for the issue. Gravita India said that it expects to use the net proceeds from the issue for repayment / pre-payment, in part or in full, of certain outstanding borrowings availed by the company and/or one of its subsidiaries; for funding working capital requirements of the company; and for general corporate purposes. Gravita India is manufacturer of lead, lead alloys & lead products, aluminium alloys & plastic granules, offers turnkey solutions for recycling industry and consultancy. The scrip had gained 0.49% to end at Rs 2250.10 on the BSE today. Powered by Capital Market - Live

The Board of Directors of Navam Lanka, Sri Lanka, a step-down subsidiary of the company in which Gravita Group through Gravita Netherlands B.V. is holding 52% of its share capital (herein after 'NLL' ) has completed the repurchase/buyback of 2,29,087 shares from its existing shareholders representing 25.56% of its total stated capital. The price per share for buyback was LKR 3,530 per share and total buyback value is approx. Rs 23.00 crore which will be paid to shareholders from the reserves and surplus of Navam Lanka. Further Gravita Netherlands B.V., a step-down subsidiary of the company and one of the shareholder of Navam Lanka has not participated in the said buyback and 2,29,087 shares have been tendered by other shareholders in the buyback. Now, consequent to repurchase/buyback of 2,29,087 shares of Navam Lanka, the shareholding of Gravita Netherlands BV has increased from 52% to 69.85%.Powered by Capital Market - Live

Net profit of Gravita India rose 24.44% to Rs 72.00 crore in the quarter ended September 2024 as against Rs 57.86 crore during the previous quarter ended September 2023. Sales rose 10.91% to Rs 927.42 crore in the quarter ended September 2024 as against Rs 836.18 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales927.42836.18 11 OPM %6.858.68 - PBDT91.9075.57 22 PBT84.7267.00 26 NP72.0057.86 24 Powered by Capital Market - Live

Gravita India will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live

The Board of Gravita India at its meeting held on 04 October 2024 has approved the appointment of Sunil Kansal (DIN: 09208705), as Whole Time Director of the Company w.e.f. 04 October 2024. The Board also approved change in designation of Rajat Agrawal (DIN: 00855284) from Managing Director to Chairman cum Managing Director w.e.f. 05 October 2024. The Board has accepted the resignation of Dr. Mahavir Prasad Agarwal (DIN: 00188179), as Chairman and Whole Time Director of the Company w.e.f. 05 October 2024.Powered by Capital Market - Live

The Board of Gravita India at its meeting held on 04 October 2024 has approved fund raising up to Rs 1,000 crore by issuance of securities. Powered by Capital Market - Live

Gravita India announced that step down subsidiary of company Gravita Netherlands BV (herein after GNBV) has executed a Memorandum of Understanding (MOU) to acquire a Waste Tyre Recycling plant in Romania from an existing entity based out in Romania having a capacity of approx. 17,000 MTPA . This will be Gravita's 1st recycling facility in Europe. This acquisition will be done by forming a separate SPV in Romania in which GNBV will be holding 80% of equity with management control in the said SPV and remaining equity will be held by other partners based in Romania. Further, total investment in this transaction will be approx. Rs. 40 crore and GNBV will be investing approx. Rs. 32 crore towards its contribution subject to in depth Financial. Environmental and Legal Due Diligence. GNBV also aims to expand its recycling business operations across the European market, leveraging new market opportunities and establishing strategic partnerships to drive growth. This acquisition will enhance our presence, increase our customer base, and strengthen our competitive edge in the European market. The company is already having similar rubber recycling facilities Senegal, Togo, Ghana and Tanzania. This is in alignment with the company's vision of Diversification and expansion plan of replicating our recycling business in different geographies. Powered by Capital Market - Live

Gravita India announced that the Annual General Meeting (AGM) of the company will be held on 18 September 2024.Powered by Capital Market - Live

Mazagon Dock Shipbuilders Ltd, Garden Reach Shipbuilders & Engineers Ltd, Firstsource Solutions Ltd and Triveni Engineering and Industries Ltd are among the other losers in the BSE's 'A' group today, 20 August 2024.Gravita India Ltd crashed 10.17% to Rs 2140 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 1.05 lakh shares were traded on the counter so far as against the average daily volumes of 60479 shares in the past one month.Mazagon Dock Shipbuilders Ltd tumbled 8.55% to Rs 4318.65. The stock was the second biggest loser in 'A' group.On the BSE, 3.25 lakh shares were traded on the counter so far as against the average daily volumes of 1.68 lakh shares in the past one month.Garden Reach Shipbuilders & Engineers Ltd lost 7.48% to Rs 1777.45. The stock was the third biggest loser in 'A' group.On the BSE, 1.61 lakh shares were traded on the counter so far as against the average daily volumes of 1.2 lakh shares in the past one month.Firstsource Solutions Ltd plummeted 4.43% to Rs 322.5. The stock was the fourth biggest loser in 'A' group.On the BSE, 7.66 lakh shares were traded on the counter so far as against the average daily volumes of 5.76 lakh shares in the past one month.Triveni Engineering and Industries Ltd shed 4.21% to Rs 445.95. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.5 lakh shares were traded on the counter so far as against the average daily volumes of 73399 shares in the past one month.Powered by Capital Market - Live