Gravitas India Grey Market Premiums

Company Name	Offer Price (Rs.)	Premium (Rs.)
Coal India	245.00	38 to 40
Gravita India Ltd.	120 to 125	20 to 22

Gravitas India IPO Review

Investors can consider giving the IPO from lead metal recycler, Gravitas India, a miss on account of the company's weak operational track record, and forays into foreign markets such as Ghana, Senegal, and Ethiopia without the desired stability in its domestic operations. The company also faces significant headwinds in terms of tightening primary lead prices, which could translate into higher raw material costs and margin pressures.