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Gretex Industries IPO is a book build issue of ₹3.96 crores. The issue is a combination of fresh issue of 0.11 crore shares aggregating to ₹2.11 crores and offer for sale of 0.09 crore shares aggregating to ₹1.85 crores.
Gretex Industries IPO bidding started from Sep 30, 2016 and ended on Oct 5, 2016. The shares got listed on NSE SME on Oct 14, 2016.
Gretex Industries IPO price band is set at ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,14,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Indian Overseas Bank is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is BCB Brokerage Pvt.Ltd..
Refer to Gretex Industries IPO RHP for detailed Information.
| IPO Date | September 30, 2016 to October 5, 2016 |
| Listing Date | October 14, 2016 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹19 to ₹21 per share |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 19,80,000 shares (aggregating up to ₹3.96 Cr) |
| Reserved for Market Maker | 1,02,000 shares BCB Brokerage Pvt.Ltd. (aggregating up to ₹0.2142 Cr) |
| Fresh Issue (Ex Market Maker) | 9,54,000 shares (aggregating up to ₹1.91 Cr) |
| Offer for Sale | 9,24,000 shares of ₹10 (aggregating up to ₹1.85 Cr) |
| Net Offered to Public | 18,78,000 shares (aggregating up to ₹3.76 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 31,55,600 shares |
| Share Holding Post Issue | 42,11,600 shares |
Gretex Industries IPO offers total 19,80,000 shares. Out of which 9,36,000 (47.27%) allocated to NII, 9,42,000 (47.58%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,02,000 (5.15%) |
| NII (HNI) Shares Offered | 9,36,000 (47.27%) |
| Retail Shares Offered | 9,42,000 (47.58%) |
| Total Shares Offered | 19,80,000 (100.00%) |
Gretex Industries IPO opens on September 30, 2016, and closes on October 5, 2016.
| IPO Open Date | Fri, Sep 30, 2016 |
| IPO Close Date | Wed, Oct 5, 2016 |
| Tentative Listing Date | Fri, Oct 14, 2016 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Oct 5, 2016 |
Investors can bid for a minimum of 6,000 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 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2009, Gretex Industries Ltd is engaged in the business of manufactures and sells hosiery garments. Information in this paragraph is provided by chittorgarh.com, India's No. 1 IPO Investment Portal.Company's offers wooly coats, thermal innerwear, leggings, etc. under the LEKME brand name.
They also Performs job work for various fabrics, such as interlock, fleece, rib, interlock-reversible, sinker, sinker with lycra, polyfill, parker, etc. for various clients. Visit chittorgarh.com for more detail.Company's manufacturing facility is situated at Jalan Industrial Complex in Domjur Area in the district of Howrah, which is one of the oldest Industrial Complex nearby Kolkata.
| KPI | Values |
|---|---|
| RoNW | 8.28% |
The Company Gretex Industries 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 | Funding working capital requirements of the Company | 1.45 |
| 2 | General corporate purposes | 0.45 |
[Dilip Davda] Only risk savvy cash surplus investors may consider investment for long term. Read detail review...
| Listing Date | October 14, 2016 |
| BSE Script Code | |
| NSE Symbol | GRETEX |
| ISIN | INE985P01012 |
| Final Issue Price | ₹20 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹24.00 |
| Low | ₹22.25 |
| High | ₹24.00 |
| Last Trade | ₹24.00 |
Gretex Industries Ltd.
158 Lenin Sarani,
3rd Floor, Room No. 7B,
Kolkata - 700013
Kolkata, West Bengal
Phone: 91-33-40647251
Email: sweta@gretexgroup.com
Website: http://www.gretexindustries.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Gretex Industries IPO is a SME IPO of 19,80,000 equity shares of the face value of ₹10 aggregating up to ₹3.96 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on September 30, 2016, and closes on October 5, 2016.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Gretex Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Gretex Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Gretex Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Gretex Industries IPO opens on September 30, 2016 and closes on October 5, 2016.
Gretex Industries IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in Gretex Industries 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 Industries IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Gretex Industries IPO allotment status.
The Gretex Industries IPO listing date is on Friday, October 14, 2016.
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