Bookbuilding IPO | ₹4 Cr | Listed at NSE SME | Fri, Sep 30, 2016 - Wed, Oct 5, 2016
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 per share. The lot size for an application is 6,000. The minimum amount of investment required by an retail is ₹1,26,000 (6000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Sep 30, 2016
IPO Close
Wed, Oct 5, 2016
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹8.42 Cr
| IPO Date | 30 Sep to 5 Oct, 2016 |
| Listed on | Fri, Oct 14, 2016 |
| Face Value | ₹10 per share |
| Price Band | ₹19 to ₹21 |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 19,80,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 1,02,000 shares BCB Brokerage Pvt.Ltd. (agg. up to ₹0.2142 Cr) |
| Fresh Issue (Ex Market Maker) | 9,54,000 shares (agg. up to ₹2 Cr) |
| Offer for Sale | 9,24,000 shares of ₹10 (agg. up to ₹2 Cr) |
| Net Offered to Public | 18,78,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 31,55,600 shares |
| Share Holding Post Issue | 42,11,600 shares |
| NSE Symbol | GRETEX |
| ISIN | INE985P01012 |
Gretex Industries IPO comprises a total issue size of 19,80,000 shares. The net offer to the public is 18,78,000 shares, after excluding 1,02,000 shares allotted on a firm basis. Of the Net offer 9,36,000 (49.84%) allocated to NII 9,42,000 (50.16%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 9,36,000 | 49.84% | 47.27% |
| Retail Shares Offered | 9,42,000 | 50.16% | 47.58% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,02,000 | 5.15% | |
| Total Shares Offered | 19,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| 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 | Funding working capital requirements of the Company | 1.45 |
| 2 | General corporate purposes | 0.45 |
| KPI | |
|---|---|
| RoNW | 8.28% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.79% | 29.68% |
| Market Cap | ₹8.42 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Bankers etc. | 0.29 |
| 2 | Regulatory fees | 0.05 |
| 3 | Marketing and Other Expenses | 0.05 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹24.00 |
| Low | ₹22.25 |
| High | ₹24.00 |
| Last Trade | ₹24.00 |
Lead Manager Reports
Gretex Industries IPO is a SME IPO of 19,80,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Fri, Sep 30, 2016, and closes on Wed, Oct 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 Fri, Sep 30, 2016 and closes on Wed, Oct 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 Fri, Oct 14, 2016.
