₹26.87 Crores | Listing at BSE | Wed, Aug 30, 2023 - Wed, Sep 6, 2023
Gretex Corporate Services Limited Rights Issue comprises 0.1280 Cr equity shares aggregating to ₹26.87 Cr, offered at an issue price of ₹210 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Aug 23, 2023, with the Rights Issue being offered in the entitlement ratio of 1 : 8.
The term of payment is defined as following : The full amount of the Issue Price being Rs. 210.00 payable on application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Aug 30, 2023, and closes on Sep 6, 2023, with renunciation of Rights Entitlements permitted up to Sep 1, 2023.
The deemed date of allotment is Sep 13, 2023, following which the equity shares are expected to be credited to demat accounts on Sep 14, 2023 and listed at the BSE on Sep 15, 2023.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Gretex Corporate Services Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Wed, Aug 23, 2023
Entitlement Ratio
1 : 8
Open Date
Wed, Aug 30, 2023
Close Date
Wed, Sep 6, 2023
The full amount of the Issue Price being Rs. 210.00 payable on application.
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | ||
| Revenue | 4.75 | 15.25 |
| Profit After Tax | 1.53 | 6.52 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing |
Incorporated in 2008, Gretex Corporate Services Ltd is a financial and consultancy service provider in India. It is a SEBI-registered merchant banker, its key business activities include fundraising management activities, investment advisory, underwriting of issues, corporate advisory services, and more.
Initially, the company started its business as a project finance service provider through banks and financial institutions, 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
The company has been awarded Top Volume Performer for SME IPO in India in FY 2017-18 and 2020-21 (Awarded by BSE).
The company intends to utilize the Net Right Issue Proceeds for the following Objects ("Objects of the Issue"):
a. To purchase shares from existing shareholders of associate company, "Gretex Share Broking Private Limited" and making it as subsidiary company.
b. General Corporate Purposes
[Dilip Davda] The company came with its maiden IPO at Rs. 170 per share in July 2021 and it now offering RI at a price of Rs. 210. Looking at its last 52 weeks’ high/low, the issue is greedily priced. It is operating in a highly competitive segment. Only well-informed/cash surplus/risk seeker investors may park funds with a long-term perspective. Read detail review...
Gretex Corporate Services Limited
New Bansilal Building,
9-15, Homi Modi Street,
Fort, Near BSE, Mumbai - 400023
Mumbai, Maharashtra, 400023
The Gretex Corporate Services Rights Issue opens on Wed, Aug 30, 2023, and closes on Wed, Sep 6, 2023.
Gretex Corporate Services Rights Issue Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Fri, Sep 1, 2023 |
| Issue Opening Date | Wed, Aug 30, 2023 |
| Issue Closing Date | Wed, Sep 6, 2023 |
| Date of Allotment (on or about) | Wed, Sep 13, 2023 |
| Date of Credit (on or about) | Thu, Sep 14, 2023 |
| Date of Listing (on or about) | Fri, Sep 15, 2023 |
You can apply for Gretex Corporate Services Rights Issue in two ways:
Steps to apply for Gretex Corporate Services Rights Issue using Net Banking (ASBA)
Steps to apply for Gretex Corporate Services Rights Issue using Registrar's website (R-WAP)
