Gretex Corporate Services IPO Basis of Allotment

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In principle approval dated July 16, 2021 from BSE Limited. BSE Limited shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before August 09, 2021 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price Process, the allocation in the Net Issue to the Public Category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of Number of Shares applied for. If the Retail Individual Investor Category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designated Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of Rlls, if applicable, which will be blocked by the Self Certified Syndicate Banks ("SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 2,264 Applications for 20,82,400 Equity Shares (before technical rejections, Invalid Bids Multiple/ Duplicate and Bids not banked) including Market Making application of 15,200 Equity Shares. The Issue was subscribed to the extent of 6.90 times as per the bid book received from BSE Limited. After considering invalid bids, bids not banked and technical rejection cases from the Bid book, the Issue was subscribed by 5.97 times including Market Making Reservation Portion. The details of the applications received in the Issue (before technical rejections but after Invalid Bids Multiple/ Duplicate and Bids not banked) are as follows:

Detail of the Applications Received

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on August 04, 2021.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 170.00 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 15,200 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Shares Applied in each category	% to Total	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allotted to the Applicant	Total No. of Shares Allotted
15,200	1	100.00	15,200	100.00	15,200	15,200	1:1	15,200
Total	1	100.00	15,200	100.00				15,200

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 170.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 2,45,600 Equity Shares. The category was subscribed by 6.21 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Shares Applied in each category	% to Total	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
800	1,908	100.00	15,26,400	100.00	128.72	800	307:1908	2,45,600
Total	1908	100.00	15,26,400	100.00				2,45,600

C) Allocation to Other than Retails Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs.170.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 40,800 Equity Shares. The category was subscribed by 6.33 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Shares Applied in each category	% to Total	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
1,600	47	58.75	75,200	29.10	252.64	800	15:47	12,000
2,400	15	18.75	36,000	13.93	378.93	800	7:15	5,600
3,200	7	8.75	22,400	8.67	505.29	800	4:7	3,200
4,000	4	5.00	16,000	6.19	631.5	800	3:4	2,400
8,000	5	6.25	40,000	15.48	1,263.2	800	1:1	4,000
9,600	1	1.25	9,600	3.72	1,516	1,600	1:1	1,600
59,200	1	1.25	59,200	22.91	9,347	9,600	1:1	9,600
Total	80	100.00	2,58,400	100.00				40,800

The Board of Directors of the Company at its meeting held on August 04, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before August 05, 2021. Further, the instructions to Self-Certified Syndicate Banks will be processed on or before August 06, 2021 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before August 09, 2021 subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 19, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com.

REGISTRAR TO THE ISSUE

	BIGSHARE SERVICES PRIVATE LIMITED
	1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai - 400 059
	Tel. No.: +91 - 22 - 6263 8200 Fax No.: +91 - 22 - 6263 8299, Email: ipo@bigshareonline.com,
	Website: www.bigshareonline.com, Investor Grievance Email: investor@bigshareonline.com
	Contact Person: Mr. Swapnil Kate, SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534

	For Gretex Corporate Services Limited
	On behalf of the Board of Directors
	Sd/-
	Mr. Alok Harlalka
Place: Mumbai	Managing Director
Date: August 05, 2021	DIN: 02486575

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GRETEX CORPORATE SERVICES LIMITED.

GRETEX CORPORATE SERVICES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.afsl.co.in, the website of the BSE Limited i.e. www.bseindia.com, and website of the Issuer Company at www.gretexcorporate.com. Investors should note that investment in Equity Shares involves a high degree of risk. For details investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 21 of the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.