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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 ₹170.00 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). The minimum lot size investment for 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 Date | July 27, 2021 to July 30, 2021 |
| Listing Date | August 9, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹170 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,01,600 shares (aggregating up to ₹5.13 Cr) |
| Reserved for Market Maker | 15,200 shares Intellect Stock Broking Ltd. (aggregating up to ₹0.2584 Cr) |
| Fresh Issue (Ex Market Maker) | 2,22,400 shares (aggregating up to ₹3.78 Cr) |
| Offer for Sale | 64,000 shares of ₹10 (aggregating up to ₹1.09 Cr) |
| Net Offered to Public | 2,86,400 shares (aggregating up to ₹4.87 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 8,99,745 shares |
| Share Holding Post Issue | 11,37,345 shares |
Gretex Corporate Services IPO offers total 3,01,600 shares. Out of which 1,43,200 (47.48%) allocated to NII, 1,43,200 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 15,200 (5.04%) |
| NII (HNI) Shares Offered | 1,43,200 (47.48%) |
| Retail Shares Offered | 1,43,200 (47.48%) |
| Total Shares Offered | 3,01,600 (100.00%) |
Gretex Corporate IPO opens on July 27, 2021, and closes on July 30, 2021.
| IPO Open Date | Tue, Jul 27, 2021 |
| IPO Close Date | Fri, Jul 30, 2021 |
| Tentative Allotment | Wed, Aug 4, 2021 |
| Initiation of Refunds | Thu, Aug 5, 2021 |
| Credit of Shares to Demat | Fri, Aug 6, 2021 |
| Tentative Listing Date | Mon, Aug 9, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 30, 2021 |
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | ||
The Company Gretex Corporate IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | August 9, 2021 |
| BSE Script Code | 543324 |
| NSE Symbol | GCSL |
| ISIN | INE199P01028 |
| Final Issue Price | ₹170 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹170.00 |
| Open | ₹172.00 |
| Low | ₹171.15 |
| High | ₹180.60 |
| Last Trade | ₹180.60 |
Gretex Corporate Services Ltd.
Office No. 13, 1st Floor,
Bansilal Mansion, 9-15,
Homi Modi Street, Fort,
Mumbai, Maharashtra, 400001
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
Gretex Corporate IPO is a SME IPO of 3,01,600 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.
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 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 July 27, 2021 and closes on July 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 Friday, August 6, 2021. Check the Gretex Corporate IPO allotment status.
The Gretex Corporate IPO listing date is on Monday, August 9, 2021.
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