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 LLPIPO Details
| IPO Opening Date | Jul 27, 2021 |
| IPO Closing Date | Jul 30, 2021 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹170 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | BSE SME |
| Issue Size | ₹5.13 Cr |
| Fresh Issue | 237,600 Eq Shares of ₹10 (aggregating up to ₹4.04 Cr) |
| Offer for Sale | 64,000 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 Date | Jul 27, 2021 |
| IPO Close Date | Jul 30, 2021 |
| Basis of Allotment Date | Aug 04, 2021 |
| Initiation of Refunds | Aug 05, 2021 |
| Credit of Shares to Demat Account | Aug 06, 2021 |
| IPO Listing Date | Aug 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).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136000 |
| Maximum | 1 | 800 | ₹136000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.48% |
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.
