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Gretex Corporate Services Limited Rights Issue (Gretex Corporate Services Rights Issue) Detail

August 30, 2023 - September 6, 2023
Gretex Corporate Services Limited Logo

Incorporated in 2008, Gretex Corporate Services Ltd is a financial and consultancy service provider in India. It is a SEBI-registered merchant banker, its key business activities include fundraising management activities, investment advisory, underwriting of issues, corporate advisory services, and more.

Initially, the company started its business as a project finance service provider through banks and financial institutions, 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.

The company has been awarded Top Volume Performer for SME IPO in India in FY 2017-18 and 2020-21 (Awarded by BSE).

Gretex Corporate Services Rights Issue Detail

Issue Open August 30, 2023 - September 6, 2023
Security Name Gretex Corporate Services Limited
Issue Size (Shares) 1,279,513
Issue Size (Amount) ₹26.87 Crores
Issue Price ₹210 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The full amount of the Issue Price being Rs. 210.00 payable on application.

Entitlement 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date

Gretex Corporate Services Rights Issue Issue Timetable

Last Date to buy sharesAugust 22, 2023
Record Date August 23, 2023
Credit of Rights Entitlements
Bid/Offer Opens On August 30, 2023
Renunciation of Rights Entitlements September 1, 2023
Bid/Offer Closes On September 6, 2023
Deemed Date of Allotment September 13, 2023
Credit Date September 14, 2023
Listing Date September 15, 2023

Company Financials

Gretex Corporate Services Rights Issue Financial Information (Restated Consolidated)
Period Ended31 Mar 202231 Mar 2023
Assets
Revenue4.7515.25
Profit After Tax1.536.52
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the Net Right Issue Proceeds for the following Objects ("Objects of the Issue"):

a. To purchase shares from existing shareholders of associate company, "Gretex Share Broking Private Limited" and making it as subsidiary company.

b. General Corporate Purposes

Gretex Corporate Services Rights Issue Documents

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Company Contact Information

Gretex Corporate Services Limited
New Bansilal Building,
9-15, Homi Modi Street,
Fort, Near BSE, Mumbai - 400023

Phone: 022-40025273
Email: info@gretexgroup.com
Website: https://gretexcorporate.com/

Gretex Corporate Services Rights Issue Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Gretex Corporate Services Rights Issue Lead Manager(s)

Gretex Corporate Services Rights Issue FAQs

The Gretex Corporate Services Rights Issue opens on August 30, 2023, and closes on September 6, 2023.

Gretex Corporate Services Rights Issue Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsSeptember 1, 2023
Issue Opening DateAugust 30, 2023
Issue Closing DateSeptember 6, 2023
Date of Allotment (on or about)September 13, 2023
Date of Credit (on or about)September 14, 2023
Date of Listing (on or about)September 15, 2023

Gretex Corporate Services Rights Issue price is set at ₹210 per share per equity share.

The eligible shareholders are being offered 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date (August 23, 2023).

The record date for the Gretex Corporate Services Rights Issue is August 23, 2023.

The issue size of Gretex Corporate Services Rights Issue is of 1,279,513 equity shares at ₹210 per share aggregating upto ₹26.87 Crores.

The Letter of Offer for Gretex Corporate Services Rights Issue can be download here.

You can apply for Gretex Corporate Services Rights Issue in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Gretex Corporate Services Rights Issue using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Gretex Corporate Services Rights Issue available on the list.
  4. Click the Apply button next to the Gretex Corporate Services Rights Issue.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Gretex Corporate Services Rights Issue using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Gretex Corporate Services Rights Issue from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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