Let’s have a detailed review of the company and analytics of the Gretex Corporate Services IPO release date, IPO offer price, subscription, Gretex Corporate IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash Price Rs 170
Listing AtBSE, SME
Min. Order QuantityNA
Listing DateNA
Offer for SaleRs 108.80 Lakh
Fresh IssueRs 403.92 Lakh
IPO SizeRs 512.72 Lakh
Tick Size1

Gretex Corporate Services IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Gretex Corporate Services Share Price

Gretex Corporate IPO – Summary

Gretex Corporate Services IPOThey are a Company in India, offering diversified financial and consultancy services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory.

They started their operations in the year 2008, in the initial years the company was engaged in the business of providing project finance services to companies through banks and financial institutions. In the year 2011, the company started providing services of the capital market such as Direct listing of companies on nationwide stock exchanges.

This new venture gave management an interest to explore more opportunities in the capital market. So, in the year 2013, they applied for the license of merchant banking with the Securities and Exchange Board of India (SEBI).

The Promoter of this company is Mr. Arvind Harlalka, Mr. Alok Harlalka, and M/s. Bonanza Agency LLP. The lead manager to the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.


Gretex Corporate IPO Date

The opening and the closing date of the IPO of Gretex Corporate Services Limited are not available yet.


Gretex Corporate IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day –  
3rd Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

Check Gretex Corporate IPO LIVE Subscription

  • Gretex Corporate Services IPO LIVE Bid details on BSE
  • Gretex Corporate Services IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Gretex Corporate IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Gretex Corporate Services Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Gretex Corporate IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.170 


Gretex Corporate IPO Equity Size

This Initial Public Issue of 3,01,600 Equity Shares of Rs.10 each for cash at a price of Rs.170 per equity share aggregating to Rs.512.72 Lakh.


Gretex Corporate IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,37,600 Equity Shares of Rs.10/ each.

Issue Size: X Equity Shares of Rs.10 each, aggregating to Rs.512.72 Lakh


Gretex Corporate Services IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Gretex Corporate Services Share Price

Gretex Corporate IPO Grey Market Premium

The Gretex Corporate Services Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Gretex Corporate IPO – Company Overview

Their Company was originally incorporated as “Dynamic Tradeserv Private Limited” on September 05, 2008, at Kolkata, West Bengal as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal.

The name of their Company was changed to “Gretex Corporate Services Private Limited” vide Fresh Certificate of Incorporation Consequent upon Change of Name pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on May 28, 2013. They are always committed to fulfill the requirements of their clientele according to their needs.

In order to meet these requirements, they have adapted to the best measure in the industry. They believe that they carry out extensive research, training, and up-gradation of technology to maintain the standard and quality of their services. Also, They are providing services that ensure customer satisfaction. They believe that they have long-term and stable relationships developed over the years with their key customers through the quality of services they provide.


Gretex Corporate IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakh)
31-Mar-21Mar-2031-Mar-19
Total Assets1,011.22838.21946.16
*Total Revenue324.63145.31315.53
Total Expense249.90259.14285.03
Profit After Tax71.41(115.21)24.97

Earnings per Equity Share (in Lakh)

31-Mar-21Mar-2031-Mar-19
Basic & Diluted7.44(24.49)3.84

Gretex Corporate Services IPO – Promoters

The Promoter of this company is:

  1. Arvind Harlalka,
  2. Alok Harlalka 
  3. Bonanza Agency LLP

List of Related Parties (Key Managerial Personnel)

  • Alok Harlalka, Managing Director
  • Pooja Harlalka, Executive Director
  • Arvind Harlalka, Non-Executive Director
  • Robin Jain, Independent Director
  • Gautam Gupta, Independent Director

Gretex Corporate IPO – Promoters Holding

  • Pre Issue Share Holding – %
  • Pos Issue Share Holding – %

Gretex Corporate IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 3,01,600 Equity Shares aggregating up to Rs.512.72 Lakh
of which:
Issue Reserved for the Market MakersUp to 15,200 Equity Shares aggregating up to Rs.25.84 Lakh
Net Issue to the PublicUp to 2,86,400 Equity Shares aggregating up to Rs.486.88 Lakh
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue8,99,745 Equity Shares
 Equity Shares outstanding after the Issue11,37,345 Equity Shares

Gretex Corporate IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

1. Payment of Security Deposit for renting of office space and
2. Working Capital Requirements
3. General Corporate Purposes

Gretex Corporate Services IPO – Business Strategy

  • To strengthen their Financial Advisory businesses
  • Building-up as a Professional Organisation
  • Continue to attract and retain talent
  • Expanding Their Clientele Network by Geographic expansion
  • Strategic Acquisition and Alliance Opportunities

Gretex Corporate IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Rich Management Experience
  • A strong professional and execution team allows the Company to develop a strong business
  • Diversified Portfolio of Services offered:
  • Long-term relationships
  • Progressive Employer
  • Quality Service

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-213.844.7069.78
31-Mar-20(24.49)(42.86)57.14
Mar-197.449.80

Gretex Corporate Services IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
Gretex Corporate Services Limited1022.857.449.80298.26
Listed Peers
Navigant Corporate Advisors Ltd108.751.496.71270.50
Galactico Corporate Services Ltd1052.390.833.59133.50

Gretex Corporate Services IPO Lead Managers

Lead Managers
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg
Fort, Mumbai – 400 001, Maharashtra, India
Tel No.: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in
Investors Grievances Email: feedback@afsl.co.in
Website: www.afsl.co.in
Contact Person: Mr. Vastal Ganatra
SEBI Registration No: INM000011344

Gretex Corporate Services IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059, Maharashtra, India
Tel No.: +91 – 22 – 6263 8200;
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Swapnil Kate
SEBI Registration No.: INR000001385

Gretex Corporate IPO – Other Details

  • Statutory Auditor – M/s. Gupta Agarwal & Associates.,Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


Gretex Corporate IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Gretex Corporate Services Limited IPO News

    News 1 – IPO DRHP Download

    News 2 – IPO RHP Prospectus Download


    Gretex Corporate Services IPO Review FAQs

    What is the Issue Size of Gretex Corporate IPO?

    The Company is making an initial public offer of 3,01,600 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

    What is the Price band of Gretex Corporate IPO?

    The price band for this particular IPO ranges Rs. 170. As far as the face value of the share is of concern, it is Rs.10 per share.

    What is the Gretex Corporate Services IPO Open Date?

    The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

    What is the Gretex Corporate Services IPO Allotment Date?

    They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.

    What is the Gretex Corporate Services IPO Listing Date?

    Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.

    Who is the Registrar of Gretex Corporate Services IPO?

    One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

    Who is the Promoter of Gretex Corporate Services IPO?

    Here are the promoters of this IPO – Mr. Arvind Harlalka, Mr. Alok Harlalka, and M/s. Bonanza Agency LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    What is the GMP of Gretex Corporate Services IPO?

    They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Is Gretex Corporate Services IPO good for Investment?

    They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

    What is the PAT of Gretex Corporate Services Company?

    They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2020 in Lakh is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.


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