Gretex Corporate Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 143,200 (47%) | — | ₹243 Cr |
| Retail | — | 143,200 (47%) | — | ₹243 Cr |
| Market Maker | — | 15,200 (5%) | — | ₹3 Cr |
| Σ Total | — | 301,600 (100%) | — | ₹5,127 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,000 |
| Retail (Max) | 13 | 10,400 | ₹1,768,000 |
| S-HNI (Min) | 14 | 11,200 | ₹1,904,000 |
| B-HNI (Min) | 67 | 53,600 | ₹9,112,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 325 | 145 | 316 |
| Profit After Tax | 71 | 115 | 25 |
| Total Assets | 1,011 | 838 | 946 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Payment of Security Deposit for renting of office space and – 3.00
- 2 Working Capital Requirements – 0.50
- 3 General Corporate Purposes – 0.70
Company Overview
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.