Fixed Price IPO | ₹5 Cr | Listed at BSE SME | Tue, Jul 27, 2021 - Fri, Jul 30, 2021
Gretex Corporate IPO is a fixed price issue of ₹5.13 crores. The issue is a combination of fresh issue of 0.02 crore shares aggregating to ₹4.04 crores and offer for sale of 0.01 crore shares aggregating to ₹1.09 crores.
Gretex Corporate IPO bidding started from Jul 27, 2021 and ended on Jul 30, 2021. The allotment for Gretex Corporate IPO was finalized on Aug 4, 2021. The shares got listed on BSE SME on Aug 9, 2021.
Gretex Corporate IPO price is ₹170 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,36,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,72,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Intellect Stock Broking Ltd..
Refer to Gretex Corporate IPO RHP for detailed Information.
IPO Open
Tue, Jul 27, 2021
IPO Close
Fri, Jul 30, 2021
Issue Price
₹170 per share
Market Cap (Pre-IPO)
₹19.33 Cr
| IPO Date | 27 to 30 Jul, 2021 |
| Listed on | Mon, Aug 9, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 3,01,600 shares (agg. up to ₹5 Cr) |
| Reserved for Market Maker | 15,200 shares Intellect Stock Broking Ltd. (agg. up to ₹0.2584 Cr) |
| Fresh Issue (Ex Market Maker) | 2,22,400 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 64,000 shares of ₹10 (agg. up to ₹1 Cr) |
| Net Offered to Public | 2,86,400 shares (agg. up to ₹5 Cr) |
| Share Holding Pre Issue | 8,99,745 shares |
| Share Holding Post Issue | 11,37,345 shares |
| BSE Script Code | 543324 GCSL |
| ISIN | INE199P01028 |
Gretex Corporate IPO comprises a total issue size of 3,01,600 shares. The net offer to the public is 2,86,400 shares, after excluding 15,200 shares allotted on a firm basis. Of the Net offer 1,43,200 (50.00%) allocated to NII 1,43,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,43,200 | 50.00% | 47.48% |
| Retail Shares Offered | 1,43,200 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 15,200 | 5.04% | |
| Total Shares Offered | 3,01,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,000 |
| Retail (Max) | 1 | 800 | ₹1,36,000 |
| HNI (Min) | 2 | 1,600 | ₹2,72,000 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Gretex Corporate Services IPO is subscribed 7.27 times on July 30, 2021 5:00:00 AM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.37 | 1,43,200 | 3,39,200 |
| Retail | 12.17 | 1,43,200 | 17,43,200 |
| Total | 7.27 | 2,86,400 | 20,82,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.25 |
| 2 | Brokerage and selling commission | 0.01 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.03 |
| 4 | Advertisement and Marketing Expenses | 0.03 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹170.00 |
| Open | ₹172.00 |
| Low | ₹171.15 |
| High | ₹180.60 |
| Last Trade | ₹180.60 |
Lead Manager Reports
Gretex Corporate IPO is a SME IPO of 3,01,600 equity shares of the face value of ₹10 aggregating up to ₹5 Crores. The issue is priced at ₹170 per share. The minimum order quantity is 800.
The IPO opens on Tue, Jul 27, 2021, and closes on Fri, Jul 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 IPO using UPI as a payment gateway. Zerodha customers can apply in Gretex Corporate IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gretex Corporate IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gretex Corporate IPO opens on Tue, Jul 27, 2021 and closes on Fri, Jul 30, 2021.
Gretex Corporate IPO lot size is 800, and the minimum amount required for application is ₹1,36,000.
You can apply in Gretex Corporate IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Gretex Corporate IPO will be done on Wednesday, August 4, 2021, and the allotted shares will be credited to your demat account by Fri, Aug 6, 2021. Check the Gretex Corporate IPO allotment status.
The Gretex Corporate IPO listing date is on Mon, Aug 9, 2021.
