If you have subscribed to GRAVITA INDIA IPO for Rs 100000 at the upper band of Rs 125, I expect you to get approximately 35 shares at Rs 118.75, which is less because of over subscription. Rest of the money will be refunded to you.
I also expect GRAVITA to list around 160-165 and can rally up to 182. Pick up on dips on the day of listing. This company possibly has a bright future ahead and lead is a metal with very wide applications and manufacturing it by a recycling process should be an even more profitable business in coming future. Our future will be more and more dependant on batteries, one of the principal applications of lead.
Disclaimer:- The numerical estimates are just meant to guide you; but something entirely different may happen on the listing day, proving my assessment to be wrong.
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