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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
Competitive strengths
The company has been awarded Top Volume Performer for SME IPO in India in FY 2017-18 and 2020-21 (Awarded by BSE).
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 |
Last Date to buy shares | August 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 |
Period Ended | 31 Mar 2022 | 31 Mar 2023 |
Assets | ||
Revenue | 4.75 | 15.25 |
Profit After Tax | 1.53 | 6.52 |
Net Worth | ||
Reserves and Surplus | ||
Total Borrowing |
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 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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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 Entitlements | September 1, 2023 |
Issue Opening Date | August 30, 2023 |
Issue Closing Date | September 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:
Steps to apply for Gretex Corporate Services Rights Issue using Net Banking (ASBA)
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)
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