Gretex Corporate Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’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 Value | Rs 10 |
| Cash Price | Rs 170 |
| Listing At | BSE, SME |
| Min. Order Quantity | 800 Shares |
| Listing Date | Aug 9, 2021 |
| Offer for Sale | Rs 109 Lakh |
| Fresh Issue | Rs 404 Lakh |
| IPO Size | Rs 513 Lakh |
| Tick Size | 1 |
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
They 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 Jul 27, 2021, and Jul 30, 2021.
Gretex Corporate IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 27 July | 0.83x | 4.15x | 2.49x |
| 2nd Day – 28 July | 1.28x | 6.88x | 4.08x |
| 3rd Day – 29 July | 1.49x | 8.88x | 5.18x |
| 4th Day – 30 July | 2.37x | 12.16x | 7.27x |
| Shares Offered or Net Issue | 143,200 | 143,200 | 286,400 |
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 | Aug 4, 2021 |
| Refunds Initiation | Aug 5, 2021 |
| Credit of Shares to Demat Account | Aug 6, 2021 |
| Share Listing Date | Aug 9, 2021 |
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.513 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.513 Lakh
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Gretex Corporate Services IPO – Live Performance
The listing date of this IPO is Aug 9, 2021. 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-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 1,011.22 | 838.21 | 946.16 |
| *Total Revenue | 324.63 | 145.31 | 315.53 |
| Total Expense | 249.90 | 259.14 | 285.03 |
| Profit After Tax | 71.41 | (115.21) | 24.97 |
Earnings per Equity Share (in Lakh)
| 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 7.44 | (24.49) | 3.84 |
Gretex Corporate Services IPO – Promoters
The Promoter of this company is:
- Arvind Harlalka,
- Alok Harlalka
- 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 -100%
- Pos Issue Share Holding – 73.48%
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.513 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 15,200 Equity Shares aggregating up to Rs.25.84 Lakh |
| Net Issue to the Public | Up to 2,86,400 Equity Shares aggregating up to Rs.486.88 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 1,43,200 Equity Shares |
| Other than Retail Individual Investors | Not more than 1,43,200 Equity Shares |
| Equity Shares outstanding prior to the Issue | 8,99,745 Equity Shares |
| Equity Shares outstanding after the Issue | 11,37,345 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 EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 3.84 | 4.70 | 69.78 |
| 31-Mar-20 | (24.49) | (42.86) | 57.14 |
| Mar-19 | 7.44 | 9.80 | – |
Gretex Corporate Services IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Gretex Corporate Services Limited | 10 | 22.85 | 7.44 | 9.80 | 298.26 |
| Listed Peers | |||||
| Navigant Corporate Advisors Ltd | 10 | 8.75 | 1.49 | 6.71 | 270.50 |
| Galactico Corporate Services Ltd | 10 | 52.39 | 0.83 | 3.59 | 133.50 |
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 Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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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 Jul 27, 2021, while the closing date is set at Jul 30, 2021.
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 Aug 4, 2021, refund initiation is on Aug 5, 2021, credit of shares is on Aug 6, 2021, and share listing date is on Aug 9, 2021.
What is the Gretex Corporate Services IPO Listing Date?
Shares of this company shall be listed in the exchanges on Aug 9, 2021. The date, when the listing would be done, is stagnant on Aug 9, 2021.
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 2021 in Lakh is 71.41, 2020 is (115.21), 2019 is 24.97.
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