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Gretex Corporate Services Ltd IPO Detail

Gretex Corporate Services Ltd IPO Detail

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 Promoters

Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP

IPO Details

IPO Opening DateJul 27, 2021
IPO Closing DateJul 30, 2021
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹170 per equity share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtBSE SME
Issue Size₹5.13 Cr
Fresh Issue237,600 Eq Shares of ₹10 (aggregating up to ₹4.04 Cr)
Offer for Sale64,000 Eq Shares of ₹10 (aggregating up to ₹1.09 Cr)
Retail Portion -

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 1.31x 7.34x 4.33x

IPO Tentative Timetable

The Gretex Corporate Services Ltd IPO open date is Jul 27, 2021, and the close date is Jul 30, 2021. The issue may list on Aug 09, 2021.

IPO Open DateJul 27, 2021
IPO Close DateJul 30, 2021
Basis of Allotment DateAug 04, 2021
Initiation of RefundsAug 05, 2021
Credit of Shares to Demat AccountAug 06, 2021
IPO Listing DateAug 09, 2021

IPO Lot Size

The Gretex Corporate Services Ltd IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹136000).

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹136000
Maximum1800₹136000

IPO Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.48%

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 10.12 3.25 0.71
31-Mar-20 8.38 1.45 1.15
31-Mar-19 9.46 3.16 0.25

Objects of the Issue:

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