Gretex IPO Details

Gretex IPO description – Gretex Corporate Services offers diversified financial and consultancy services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory. The company started operations in the year 2008, initially engaging in the business of providing project finance services to companies through banks and financial institutions. In the year 2011, the company started providing services of capital market such as direct listing of companies on nationwide stock exchanges. Since past six years, it has been carrying out the business of management of fund-raising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser to the issuer. Gretex Corporate Services is registered as SEBI Category-I Merchant Banker having Registration Code INM000012177.

Over the years, the company has successfully executed 21 SME IPOs and 1 BSE Startups Segment under SME Platform of BSE Limited. Its services include Capital Markets, Corporate Finance, Corporate Restructuring, Compliance Advisory.

Promoters of Gretex Corporate Services – Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP
Gretex IPO details
Subscription Dates 27 – 30 July 2021
Price Band INR170 per share
Fresh issue 237,600 shares (INR4.04 crore)
Offer For Sale 64,000 shares (INR1.09 crore)
Total IPO size 301,600 shares (INR5.13 crore)
Minimum bid (lot size) 800 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
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Gretex Corporate Services' financial performance (in INR lakhs)

    FY2019 FY2020 FY2021
Revenue   315.53 145.31 324.63
Expenses   285.03 259.14 249.90
Net income   25.13 -160.35 61.54
Net margin (%)   8.0 -110.4 19.0

Registrar of Gretex IPO

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis Makwana Road Marol,
Andheri (East), Mumbai – 400059
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com

Valuation of Gretex IPO (FY2021)

Earnings Per Share (EPS): INR7.44
Price/Earnings (PE ratio): 22.85
Return on Net Worth (RONW): 9.80%
Net Asset Value (NAV): INR69.78 per share

Gretex IPO Subscription Details

Day

Subscription (no. of times)

Day 1

2.49

Day 2

3.87

Day 3

4.92

Day 4

6.90

   

Gretex Corporate Services Contact Details

Gretex Corporate Services Limited
Office No. 13, 1st Floor,
Bansilal Mansion,
9-15, Homi Modi Street,
Fort, Mumbai – 400 001
Phone: +91 22 4002 5273
Email: [email protected]
Website: www.gretexcorporate.com

Gretex IPO Allotment Status

Gretex Corporate Services’ IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status. 

Listing Performance of Gretex Corporate Services

IPO Opening Date: 27 July 2021
IPO Closing Date: 30 July 2021
Finalisation of Basis of Allotment: 4 August 2021
Initiation of refunds:
5 August 2021
Transfer of shares to demat accounts:
6 August 2021
Listing Date
: 9 August 2021
Opening Price on BSE SME: INR172 per share (up 1.18% from IPO price)
Closing Price on BSE SME: INR180.6 per share (up 6.24% from IPO price)

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