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

Jul 27, 2021 - Jul 30, 2021

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

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

Gretex Corporate Services IPO Details

Gretex Corporate Services IPO Date Jul 27, 2021 to Jul 30, 2021
Gretex Corporate Services IPO Face Value ₹10 per share
Gretex Corporate Services IPO Price ₹170 per share
Gretex Corporate Services IPO Lot Size 800 Shares
Issue Size301,600 shares of ₹10
(aggregating up to ₹5.13 Cr)
Fresh Issue237,600 shares of ₹10
(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
Company Promoters

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

Gretex Corporate Services IPO Timeline (Tentative Timetable)

Gretex Corporate Services IPO opens on Jul 27, 2021, and closes on Jul 30, 2021. The Gretex Corporate Services IPO bid date is from Jul 27, 2021 10.00 A.M. to Jul 30, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Gretex Corporate Services IPO Opening Date Jul 27, 2021
Gretex Corporate Services IPO Closing Date Jul 30, 2021
Basis of Allotment Aug 4, 2021
Initiation of Refunds Aug 5, 2021
Credit of Shares to Demat Aug 6, 2021
Gretex Corporate Services IPO Listing Date Aug 9, 2021

Gretex Corporate Services IPO Lot Size

The Gretex Corporate Services IPO lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136,000).

Application Lots Shares Amount
Minimum 1 800 ₹136,000
Maximum 1 800 ₹136,000

Gretex Corporate Services IPO Promoter Holding

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

Gretex Corporate Services IPO Review

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 Jul 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)
NII2.37
Retail12.17
Total7.27

Gretex Corporate Services IPO Prospectus

Gretex Corporate Services IPO Rating

72
3.6
Rating:Rated 3.6 stars
Vote Here ...

Gretex Corporate Services IPO Listing Date

Listing Date Monday, August 9, 2021
BSE Script Code 543324
NSE Symbol
Listing In MT Group of Securities
ISIN INE199P01028
IPO Price ₹170 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹170.00
₹172.00
₹171.15
₹180.60
₹180.60

Company Contact Information

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
Email: info@gretexgroup.com
Website: http://www.gretexcorporate.com/

Gretex Corporate Services IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Gretex Corporate Services IPO Review

Gretex Corporate Services IPO Recommendation Summary

Review By Subscribe Neutral Avoid
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 Jul 27, 2021, and closes on Jul 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 Jul 27, 2021 and closes on Jul 30, 2021.

Gretex Corporate Services IPO lot size is 800 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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10 Comments

7. rohan sharma |   Link |Aug 17, 2021 7:11:58 PM
GMP still around 150-170 , expect decent listing.
6. Chem cho |   Link |Aug 9, 2021 9:53:54 AM
IPO Guru IPO Guru (2400+ Posts, 2600+ Likes)
what app group members have been given sell levels
5. Bharat vaishnavi |   Link |Jul 28, 2021 4:14:49 PM
Anyone want to Buy SME IPO application in Gray Market.. Contact me
5.1. sachingarg |   Link |Jul 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 |Jul 28, 2021 1:17:00 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
GRETEX ALSO A LM
MAY BE GOOD LISTING GAIN
LIKE MISQUTA ENG MAC HOTELS
4.1. Niikk |   Link |Jul 28, 2021 2:44:08 PM
please creat telegram channel for ipo news
4.2. Small Investor |   Link |Jul 28, 2021 4:40:26 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Nikk
Possible in Future
3. John Snow |   Link |Jul 26, 2021 5:04:05 PM
Top Contributor Top Contributor (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 |Jul 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 |Jul 26, 2021 1:55:38 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Gretex corporate service ltd ipo
Gray market premium?