Gretex Corporate Services Ltd IPO (Gretex Corporate Services IPO)

Gretex Corporate Service IPO
Latest Gretex Corporate Service IPO

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.

Gretex Corporate IPO

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 are the company promoters.

Company Financials

ParticularsFor the year/period ended (₹ in Lakh)
31-Mar-2131-Mar-2031-Mar-19
Total Assets1,011.22838.21946.16
Total Revenue324.63145.31315.53
Profit After Tax71.41(115.21)24.97

Objects of the Issue

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

Gretex Corporate Services 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 Size301,600 Eq Shares of ₹10
(aggregating up to ₹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)

Gretex Corporate Services IPO Timetable

IPO Open DateJul 27, 2021
IPO Close DateJul 30, 2021
Basis of Allotment DateAug 4, 2021
Initiation of RefundsAug 5, 2021
Credit of Shares to Demat AccountAug 6, 2021
IPO Listing DateAug 9, 2021

Gretex Corporate Services IPO Lot Size

ApplicationLotsSharesAmount (Cut-off)
Minimum1800₹136,000
Maximum1800₹136,000

Gretex Corporate Services IPO Promoter Holding

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

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
Websitehttp://www.gretexcorporate.com/

Gretex Corporate Services IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai – 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://www.bigshareonline.com

Gretex Corporate Services IPO FAQs

What is Gretex Corporate Services IPO?

Gretex Corporate Services IPO is a SME IPO of 301,600 equity shares of the face value of ₹10 aggregating up to ₹5.13 Crores. The issue is priced at ₹170 per equity share. The minimum order quantity is 800 Shares.
The IPO 
opens on Jul 27, 2021, and closes on Jul 30, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
When Gretex Corporate Services IPO will open?

The Gretex Corporate Services IPO opens on Jul 27, 2021 and closes on Jul 30, 2021.
What is the lot size of Gretex Corporate Services IPO?

Gretex Corporate Services IPO lot size is 800 Shares and the minimum order quantity is 800 Shares.
How to apply for Gretex Corporate Services IPO?

You can apply in Gretex Corporate Services IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Gretex Corporate Services IPO listing date?

The Gretex Corporate Services IPO listing date is not yet announced. The tentative date of Gretex Corporate Services IPO listing is Aug 9, 2021.