Gretex Corporate Services Ltd IPO
BSE SME₹136,000 / 800 Shares
Gretex Corporate Services Ltd IPO Details
The Gretex Corporate Services Ltd IPO price band is set between ₹170 per equity share, with a face value of ₹10 per share. The issue is managed by Bigshare Services Pvt Ltd, and the equity shares are proposed to be listed on the BSE SME.
The IPO date for subscription opens on 27 Jul, 2021 and closes on 30 Jul, 2021. Investors can check the allotment status on 5 Aug, 2021, while the listing date is tentatively scheduled for 9 Aug, 2021.
The total issue size is 301,600 Eq Shares of ₹10 , aggregating up to ₹5.13 Cr. Stay tuned for the latest Gretex Corporate Services Ltd IPO review and GMP updates.
Gretex Corporate Services Ltd IPO Review, Rating & Analysis
Gretex Corporate Services Ltd IPO Review
NO REVIEWGretex Corporate Services Ltd IPO Rating
Gretex Corporate Services Ltd IPO Highlights
IPO Date
Jul 27, 2021 - Jul 30, 2021
Listing Date
9 Aug, 2021
Face Value
₹10 Per Equity Share
Price Band
₹170 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE SME
Gretex Corporate Services Ltd IPO Lot Size
The minimum market lot for Gretex Corporate Services Ltd IPO is 800 shares with an application amount of ₹1,36,000. Retail investors can apply for up to 1 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,36,000 |
| Retail (Max) | 1 | 800 | ₹1,36,000 |
| S-HNI (Min) | 2 | 1600 | ₹2,72,000 |
| S-HNI (Max) | 7 | 5600 | ₹9,52,000 |
| B-HNI (Min) | 8 | 6400 | ₹10,88,000 |
Gretex Corporate Services Ltd IPO Timeline
Issue Price
₹170 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE SMERegistrar
Bigshare Services Pvt LtdLead Manager
Aryaman Financial Services limitedIssue Size
301,600 Eq Shares of ₹10 (aggregating up to ₹5.13 Cr)#Fresh Issue: 237,600 Eq Shares of ₹10 (aggregating up to ₹4.04 Cr)#Offer for Sale: 64,000 Eq Shares of ₹10 (aggregating up to ₹1.09 Cr)Gretex Corporate Services Ltd IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 10.11 | 3.24 | 0.71 | - | - | - |
| 31 Mar 20 | 8.38 | 1.45 | (1.15) | - | - | - |
| 31 Mar 19 | 9.46 | 3.15 | 0.24 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Mr. Arvind Harlalka
- Mr. Alok Harlalka
- M/s. Bonanza Agency LLP
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100% | 73.48% |
About Company
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.
Gretex Corporate Services Ltd IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 143,200 | 143,200 | 286,400 |
Day 1 -27-07-21 07:00 PM | 0.83 x | 4.15 x | 2.49 x |
Day 2 -28-07-21 05:00 PM | 1.28 x | 6.88 x | 4.08 x |
Day 3 -29-07-21 05:00 PM | 1.49 x | 8.88 x | 5.18 x |
Day 3 -30-07-21 05:00 PM | 2.37 x | 12.17 x | 7.27 x |
Frequently Asked Questions about Gretex Corporate Services Ltd IPO IPO
When will Gretex Corporate Services Ltd IPO open for subscription?
The Gretex Corporate Services Ltd IPO opens on 27 Jul, 2021 and closes on 30 Jul, 2021.
What is the investors portion for Gretex Corporate Services Ltd IPO?
The investors' portion for QIB is , NII is N/A, and Retail is 143200.
How to apply for Gretex Corporate Services Ltd IPO?
You can apply for Gretex Corporate Services Ltd IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Gretex Corporate Services Ltd IPO?
The issue size of Gretex Corporate Services Ltd IPO is approx ₹301,600 Eq Shares of ₹10 (aggregating up to ₹5.13 Cr)#Fresh Issue: 237,600 Eq Shares of ₹10 (aggregating up to ₹4.04 Cr)#Offer for Sale: 64,000 Eq Shares of ₹10 (aggregating up to ₹1.09 Cr) crores.
What is the price band of Gretex Corporate Services Ltd IPO?
The price band for Gretex Corporate Services Ltd IPO is ₹170 per equity share to ₹undefined.
What is the lot size of Gretex Corporate Services Ltd IPO?
The minimum bid (lot size) for Gretex Corporate Services Ltd IPO is N/A shares with an investment of approx ₹136,000 .
What is the allotment date of Gretex Corporate Services Ltd IPO?
The allotment date for Gretex Corporate Services Ltd IPO is 5 Aug, 2021.
What is the listing date of Gretex Corporate Services Ltd IPO?
The listing date for Gretex Corporate Services Ltd IPO is expected to be 9 Aug, 2021.
What is the GMP of Gretex Corporate Services Ltd IPO?
The latest Grey Market Premium (GMP) for Gretex Corporate Services Ltd IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.