Gretex Corporate Services IPO

Gretex Corporate Services IPO Details

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Gretex Corporate Services IPO will open for subscription from 27 July 2021. the company aims for an Issue size of ₹5.13 Crore through this Fixed price issue IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Gretex Corporate Services Ltd

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 fundraising 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. Following are the Products 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.

Objects of the Issue

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

Competitive strengths

  • Diversified range of financial and consultancy service offerings.
  • Rich managerial experience.
  • Standard quality of services and long-term relationship with customers.

Gretex Corporate Services IPO Details

IPO Opening Date27 July 2021
IPO Closing Date30 July 2021
Issue TypeFixed Price Issue IPO
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)
Face Value₹10 per equity share
IPO Price₹170 per equity share
Market Lot800 Shares
Min Order Quantity800 Shares
Application amount₹136,000
Listing AtBSE SME

Company Financials

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

Company Promoters

  • Mr. Arvind Harlalka
  • Mr. Alok Harlalka
  • M/s. Bonanza Agency LLP

Lead Manager

  • Aryaman Financial Services limited

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

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

Final thoughts

Gretex Corporate Services IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.

Happy Investing

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