HomeIPO SMEGretex Corporate Services Limited IPO Details

Gretex Corporate Services Limited IPO Details

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Gretex Corporate Services IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

About Gretex Corporate Services

Gretex Corporate Services offering diversified financial and consultancy services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory. The company started 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 capital market such as Direct listing of companies on nationwide stock exchanges.

This new venture gave management an interest to explore more opportunities in capital market. So, in the year 2013 the company applied for the license of merchant banking with Securities and Exchange Board of India (SEBI). SEBI has provided the company with Initial Certificate of Registration which was valid for a period of 5 years. In the year 2019 the initial certificate of registration was renewed and a permanent registration was provided by SEBI. Since past six years Gretex Corporate Services have been carrying out the business of management of fund-raising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser to the issuer.

Important Details – Gretex Corporate Services

September 05, 2008The company was originally incorporated as “Dynamic Tradeserv Private Limited” at Kolkata, West Bengal as a private limited company
May 28, 2013The name of the Company was changed to “Gretex Corporate Services Private Limited”
May 12, 2021The company was converted into Public Limited Company and the name of the company was changed to “Gretex Corporate Services Limited”

Objects of the Issue

  • Payment of Security Deposit for renting of office space and
  • Working Capital Requirements
  • General Corporate Purposes

Gretex Corporate Services Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

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Particulars For the year ended (₹ in lakh)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 1,011.22 838.21 946.16
Total income 324.63 145.31 315.53
Profit After Tax 71.41 (115.21) 24.97

Gretex Corporate Services IPO Price – Details

DescriptionGCS: IPO Details
Public IssueInitial Public offer of  3,01,600 Equity Shares aggregating upto Rs.5.13 crore, Fresh Issue of up to 2,37,600 Equity Shares of ₹10 (aggregating up to ₹4.04 Cr and an Offer for Sale of up to 64,000 Equity Shares of ₹10 (aggregating up to ₹1.09 Cr)
Issue Open  Date27-Jul-21
Issue Close Date30-Jul-21
Issue TypeFixed Price
IPO Price Band₹ 170
Face Value ₹ 10
Market Lot 800 Equity Shares and in multiples thereof
Minimum Order Quantity 800 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing BSE SME
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Gretex Corporate Services IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)

Gretex Corporate Services IPO Lead Managers

  • Aryaman Financial Services Ltd

Gretex Corporate Services Registrar

  • Bigshare Service Pvt Ltd

Gretex Corporate Services IPO Allotment Date, Listing Date and other Important Dates

Bid / Offer Opens on27-Jul-21
Bid / Offer Closes on30-Jul-21
Finalisation of Basis of Allotment04-Aug-21
Initiation of refunds 05-Aug-21
Credit of the Equity Shares06-Aug-21
Commencement of trading – Listing09-Aug-21

Company Registered Office

Office No. 13, 1st Floor,
Bansilal Mansion,
9-15, Homi Modi Street,
Fort, Mumbai – 400 001,
Maharashtra, India

Company Promoters

  • Mr. Arvind Harlalka
  • Mr. Alok Harlalka
  • M/s. Bonanza Agency LLP

Gretex Corporate Services IPO – FAQS

When Gretex Corporate Services IPO will open ?

The Gretex Corporate Services IPO opens on July 27, 2021 and closes on July 30, 2021

What is the lot size of Gretex Corporate Services IPO ?

Gretex Corporate Services IPO lot size is 800 Shares and the minimum order quantity is 800 Shares.

What is the price band for Gretex Corporate Services IPO ?

The Gretex Corporate Services IPO price band at Rs.170 per share

Who is the Registrar for Gretex Corporate Services IPO ?

The Registrar is Bigshare Service Pvt Ltd

How to apply in Gretex Corporate Services IPO through UPI?

Check the step by step process here – Click here

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