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Gretex Corporate Services IPO is a fixed price issue of Rs 5.13 crores. The issue is a combination of fresh issue of 2.38 lakh shares aggregating to Rs 4.04 crores and offer for sale of 0.64 lakh shares aggregating to Rs 1.09 crores.
Gretex Corporate Services IPO bidding started from July 27, 2021 and ended on July 30, 2021. The allotment for Gretex Corporate Services IPO was finalized on Wednesday, August 4, 2021. The shares got listed on BSE SME on August 9, 2021.
Gretex Corporate Services IPO price is ₹170 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹136,000.
Aryaman Financial Services Limited is the book running lead manager of the Gretex Corporate Services IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Gretex Corporate Services IPO RHP for detailed information.
| IPO Date | July 27, 2021 to July 30, 2021 |
| Listing Date | August 9, 2021 |
| Face Value | ₹10 per share |
| Price | ₹170 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 301,600 shares (aggregating up to ₹5.13 Cr) |
| Fresh Issue | 237,600 shares (aggregating up to ₹4.04 Cr) |
| Offer for Sale | 64,000 shares of ₹10 (aggregating up to ₹1.09 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 899,745 |
| Share holding post issue | 1,137,345 |
| Market Maker portion | 15,200 shares |
Gretex Corporate Services IPO offers 301,600 shares. 143,200 (47.48%) to NII, 143,200 (47.48%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 15,200 (5.04%) |
| Other Shares Offered | 143,200 (47.48%) |
| Retail Shares Offered | 143,200 (47.48%) |
| Total Shares Offered | 301,600 (100%) |
Gretex Corporate Services IPO opens on July 27, 2021, and closes on July 30, 2021.
| IPO Open Date | Tuesday, July 27, 2021 |
| IPO Close Date | Friday, July 30, 2021 |
| Basis of Allotment | Wednesday, August 4, 2021 |
| Initiation of Refunds | Thursday, August 5, 2021 |
| Credit of Shares to Demat | Friday, August 6, 2021 |
| Listing Date | Monday, August 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 30, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹136,000 |
| Retail (Max) | 1 | 800 | ₹136,000 |
| Lot Size Calculator | |||
Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.48% |
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
Competitive strengths
| 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 | ||
[Dilip Davda] The company is operating in a highly competitive field with many mega players. It has posted inconsistency in its financial performance. Based on the super earnings of FY21, its pricing is aggressive. Even after IPO, it will have tiny equity indicating a longer duration for migration to the mainboard. Considering all these, there is no harm in giving this issue a “MISSâ€. Read detail review...
The Gretex Corporate Services IPO is subscribed 7.27 times on July 30, 2021 5:00:00 AM. The public issue subscribed 12.17 times in the retail category, times in the QIB category, and 2.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.37 |
| Retail | 12.17 |
| Total | 7.27 |
| Listing Date | August 9, 2021 |
| BSE Script Code | 543324 |
| NSE Symbol | |
| ISIN | INE199P01028 |
| Final Issue Price | ₹170 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹170.00 |
| ₹172.00 |
| ₹171.15 |
| ₹180.60 |
| ₹180.60 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 share. The minimum order quantity is 800 Shares.
The IPO opens on July 27, 2021, and closes on July 30, 2021.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Gretex Corporate Services IPO using UPI as a payment gateway. Zerodha customers can apply in Gretex Corporate Services IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gretex Corporate Services IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gretex Corporate Services IPO opens on July 27, 2021 and closes on July 30, 2021.
Gretex Corporate Services IPO lot size is 800 Shares, and the minimum amount required is ₹136,000.
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. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Gretex Corporate Services IPO will be done on Wednesday, August 4, 2021, and the allotted shares will be credited to your demat account by Friday, August 6, 2021. Check the Gretex Corporate Services IPO allotment status.
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rohan sharma| Link | Bookmark |August 17, 2021 8:11:58 PM