Gretex Corporates IPO is all set to make its debut on 27th July 21 with 5.13 Cr is a financial and consultancy service provider in India. It is a SEBI registered merchant banker that key business activities include fund raising.
Gretex Corporates IPO – overview
| IPO Dates | 27-30 July 2021 |
| IPO Price | INR 170 per share |
| Fresh issue | 237,600 shares (INR 4.40 crore) |
| Offer For Sale | Nil |
| Total IPO size | 301,600 shares (INR 5.13 crore) |
| Minimum bid (lot size) | 4000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Gretex Corporates IPO – Tentative Dates
| IPO Offer Opening Date | 27 July 2021 |
| IPO Closing Date | 30 July 2021 |
| Finalization of Basis of Allotment | 4 Aug 2021 |
| Initiation of refunds | 5 Aug 2021 |
| Transfer of shares to demat accounts | 6 Aug 2021 |
| IPO Listing Date | 9 Aug 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Industry Overview
India has a diversified financial sector undergoing rapid expansion, both in terms of strong growth of existing financial services firms and new entities entering the market. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The banking regulator has allowed new entities such as payment banks to be created recently, thereby adding to the type of entities operating in the sector. However, financial sector in India is predominantly a banking sector with commercial banks accounting for more than 64% of the total assets held by the financial system.
Competitive Strengths:
- Diversified range of financial and consultancy service offerings.
- Rich managerial experience.
- Standard quality of services and long-term relationship with customers.
Objectives of the issue
- To make payment of security deposit for renting office space.
- Working capital requirements.
- General Corporate purposes.
Company Financials
| Particulars | 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 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Aryaman Financial Services limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
