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Gretex Corporate Services Ltd IPO (Gretex Corporate Services IPO) Detail

July 27, 2021 - July 30, 2021

Gretex Corporate Services IPO is a fixed price issue of Rs 5.13 crores. The issue is a combination of fresh issue of 2.38 lakh shares aggregating to Rs 4.04 crores and offer for sale of 0.64 lakh shares aggregating to Rs 1.09 crores.

Gretex Corporate Services IPO bidding started from July 27, 2021 and ended on July 30, 2021. The allotment for Gretex Corporate Services IPO was finalized on Wednesday, August 4, 2021. The shares got listed on BSE SME on August 9, 2021.

Gretex Corporate Services IPO price is ₹170 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,000.

Aryaman Financial Services Limited is the book running lead manager of the Gretex Corporate Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Gretex Corporate Services IPO RHP for detailed information.

Gretex Corporate Services IPO Details

IPO Date July 27, 2021 to July 30, 2021
Listing Date August 9, 2021
Face Value ₹10 per share
Price ₹170 per share
Lot Size 800 Shares
Total Issue Size301,600 shares
(aggregating up to ₹5.13 Cr)
Fresh Issue237,600 shares
(aggregating up to ₹4.04 Cr)
Offer for Sale64,000 shares of ₹10
(aggregating up to ₹1.09 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion15,200 shares

Gretex Corporate Services IPO Reservation

Gretex Corporate Services IPO offers 301,600 shares. 143,200 (47.48%) to NII, 143,200 (47.48%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered15,200 (5.04%)
Other Shares Offered143,200 (47.48%)
Retail Shares Offered143,200 (47.48%)
Total Shares Offered301,600 (100%)

Gretex Corporate Services IPO Timeline (Tentative Schedule)

Gretex Corporate Services IPO opens on July 27, 2021, and closes on July 30, 2021.

IPO Open Date Tuesday, July 27, 2021
IPO Close Date Friday, July 30, 2021
Basis of Allotment Wednesday, August 4, 2021
Initiation of Refunds Thursday, August 5, 2021
Credit of Shares to Demat Friday, August 6, 2021
Listing Date Monday, August 9, 2021
Cut-off time for UPI mandate confirmation 5 PM on July 30, 2021

Gretex Corporate Services IPO Lot Size

Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 800 ₹136,000
Retail (Max) 1 800 ₹136,000
Lot Size Calculator

Gretex Corporate Services IPO Promoter Holding

Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP are the company promoters.

Share Holding Pre Issue 100%
Share Holding Post Issue 73.48%

About Gretex Corporate Services Ltd

Incorporated in 2008, Gretex Corporate Services Ltd is a financial and consultancy service provider in India. It is a SEBI registered merchant banker that key business activities include fund raising management activities, investment advisory, underwriting of issues, corporate advisory services, and more.

Initially, the company has started its business as a project finance service provider through banks and financial institutions but over the period, it has expanded its product portfolio and presently, offers services in different areas i.e. capital markets, corporate finance, debt syndication, corporate restructuring, and compliance advisory.

Product and Services

  • Capital Markets: IPO, De-listing, right issue, open offer, exit offer.
  • Corporate Finance: Private equity, valuation, venture capital, debt securities issue, and bank finance.
  • Corporate Restructuring: Takeover, merger & acquisitions, demergers.
  • Compliance advisory: Statutory compliance and secretarial support services.

Competitive strengths

  • Diversified range of financial and consultancy service offerings.
  • Rich managerial experience.
  • Standard quality of services and long-term relationship with customers.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakh)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,011.22 838.21 946.16
Total Revenue 324.63 145.31 315.53
Profit After Tax 71.41 (115.21) 24.97

Objects of the Issue (Gretex Corporate Services IPO Objectives)

  • To make payment of security deposit for renting office space.
  • Working capital requirements.
  • General Corporate purposes.

Gretex Corporate Services IPO Review (Avoid)

[Dilip Davda]  The company is operating in a highly competitive field with many mega players. It has posted inconsistency in its financial performance. Based on the super earnings of FY21, its pricing is aggressive. Even after IPO, it will have tiny equity indicating a longer duration for migration to the mainboard. Considering all these, there is no harm in giving this issue a “MISS”. Read detail review...

Gretex Corporate Services IPO Subscription Status (Bidding Detail)

The Gretex Corporate Services IPO is subscribed 7.27 times on July 30, 2021 5:00:00 AM. The public issue subscribed 12.17 times in the retail category, times in the QIB category, and 2.37 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Gretex Corporate Services IPO Prospectus

Gretex Corporate Services IPO Rating

Rating:Rated 3.6 stars
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Gretex Corporate Services IPO Listing Details

Listing Date August 9, 2021
BSE Script Code 543324
NSE Symbol
ISIN INE199P01028
Final Issue Price ₹170 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Gretex Corporate Services Ltd Contact Details

Gretex Corporate Services Ltd
Office No. 13, 1st Floor, Bansilal Mansion
9-15, Homi Modi Street, Fort
Mumbai – 400 001
Phone: +91 – 22 - 4002 5273

Gretex Corporate Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Gretex Corporate Services IPO - Buy or Not

Gretex Corporate Services IPO Recommendation Summary

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Brokers 0 0 1
Members 0 0 0

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Gretex Corporate Services IPO FAQs

Gretex Corporate Services IPO is a SME IPO of 301,600 equity shares of the face value of ₹10 aggregating up to ₹5.13 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800 Shares.

The IPO opens on July 27, 2021, and closes on July 30, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Gretex Corporate Services IPO using UPI as a payment gateway. Zerodha customers can apply in Gretex Corporate Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Gretex Corporate Services IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Gretex Corporate Services IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Gretex Corporate Services IPO opens on July 27, 2021 and closes on July 30, 2021.

Gretex Corporate Services IPO lot size is 800 Shares, and the minimum amount required is ₹136,000.

You can apply in Gretex Corporate Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Gretex Corporate Services IPO will be done on Wednesday, August 4, 2021, and the allotted shares will be credited to your demat account by Friday, August 6, 2021. Check the Gretex Corporate Services IPO allotment status.

The Gretex Corporate Services IPO listing date is on August 9, 2021.
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Gretex Corporate Services IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



7. rohan sharma |   Link |  Bookmark |August 17, 2021 7:11:58 PM
GMP still around 150-170 , expect decent listing.
6. Chem cho |   Link |  Bookmark |August 9, 2021 9:53:54 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
what app group members have been given sell levels
5. Bharat vaishnavi |   Link |  Bookmark |July 28, 2021 4:14:49 PM
Anyone want to Buy SME IPO application in Gray Market.. Contact me
5.1. sachingarg |   Link |  Bookmark |July 30, 2021 1:12:22 PM
hi can you tell prices in grey market for gretex, network and rex. I am interested in buying.
4. Small Investor |   Link |  Bookmark |July 28, 2021 1:17:00 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
4.1. Niikk |   Link |  Bookmark |July 28, 2021 2:44:08 PM
please creat telegram channel for ipo news
4.2. Small Investor |   Link |  Bookmark |July 28, 2021 4:40:26 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
Dear Nikk
Possible in Future
3. John Snow |   Link |  Bookmark |July 26, 2021 5:04:05 PM (200+ Posts)
GMP for a recently listed SME was being circulated on telegram. That was a big RED flag. If anyone showing GMP for SME before listing, ask them to buy. Thereafter observe their reaction and enjoy.
2. Bharat vaishnavi |   Link |  Bookmark |July 26, 2021 3:23:13 PM
Kotak bank nd Union Bank Of India se ASBA k through kitni application apply kar sakte hain..
1. Gopinathji |   Link |  Bookmark |July 26, 2021 1:55:38 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Gretex corporate service ltd ipo
Gray market premium?