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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
Competitive strengths
| IPO Date | Jul 27, 2021 to Jul 30, 2021 |
| Listing Date | Aug 9, 2021 |
| Face Value | ₹10 per share |
| Price | ₹170 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 301,600 shares (aggregating up to ₹5.13 Cr) |
| Fresh Issue | 237,600 shares (aggregating up to ₹4.04 Cr) |
| Offer for Sale | 64,000 shares of ₹10 (aggregating up to ₹1.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| NII (HNI) Shares Offered | 143200 |
| Retail Shares Offered | 143200 |
| Market Maker portion | 15,200 shares |
| Total Shares Offered | 286,400 |
Gretex Corporate Services IPO opens on Jul 27, 2021, and closes on Jul 30, 2021.
| Event | Tentative Date |
|---|---|
| Opening Date | Jul 27, 2021 |
| 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 |
| Listing Date | Aug 9, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
The Gretex Corporate Services IPO lot size is 800 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,000 |
| Retail (Max) | 1 | 800 | ₹136,000 |
| Lot Size Calculator | |||
Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP are the company promoters.
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.48% |
| 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 | ||
[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 “MISSâ€. Read detail review...
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)
| Category | Subscription (times) |
|---|---|
| Other | 2.37 |
| Retail | 12.17 |
| Total | 7.27 |
| Listing Date | Aug 9, 2021 |
| BSE Script Code | 543324 |
| NSE Symbol | |
| ISIN | INE199P01028 |
| IPO Price | ₹170 per share |
| Price Details |
|---|
| IPO Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹170.00 |
| ₹172.00 |
| ₹171.15 |
| ₹180.60 |
| ₹180.60 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
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
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, Nuvama, 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.
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rohan sharma| Link |Aug 17, 2021 7:11:58 PM