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 are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in Lakh) | ||
|---|---|---|---|
| 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 |
Objects of the Issue
- To make payment of security deposit for renting office space.
- Working capital requirements.
- General Corporate purposes.
Gretex Corporate Services IPO 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 | 301,600 Eq Shares of ₹10 (aggregating up to ₹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) |
Gretex Corporate Services IPO Timetable
| IPO Open Date | Jul 27, 2021 |
| IPO Close Date | Jul 30, 2021 |
| Basis of Allotment Date | Aug 4, 2021 |
| Initiation of Refunds | Aug 5, 2021 |
| Credit of Shares to Demat Account | Aug 6, 2021 |
| IPO Listing Date | Aug 9, 2021 |
Gretex Corporate Services IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹136,000 |
| Maximum | 1 | 800 | ₹136,000 |
Gretex Corporate Services IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.48% |
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 Website: http://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 Website: http://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. |
