Gretex Corporate Services Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal
Gretex Corporate Services Ltd IPO Details with Share Price Range and Issue Size | Motilal Oswal

Gretex Corporate Services Ltd IPO Details with Share Price Range and Issue Size

Opening Date

July 27, 2021

Closing Date

July 30, 2021 

Face Value

Rs. 10 per equity share

IPO Price 

Rs. 170 per equity share

Minimum Order Quantity

800 equity shares 

Issue Size 

301,600 equity shares (Rs. 5.13 crores)

 

After a brief lull, the SME IPO segment seems to be witnessing a revival with a couple of public issues lined up in quick succession. One of them is from a company called Gretex Corporate Services Ltd. Let’s take a quick look at the key Gretex Corporate Services IPO details. 

  • About the company 

Gretex Corporate Services Limited is a Kolkata-based company that provides financial and other corporate consultancy services to companies. The company’s primary business involves providing consultancy in the fields of capital markets, corporate finance, corporate restructuring, and compliance advisory. 

Gretex Corporate Services Limited is also an authorized merchant banker registered with the SEBI. The company’s revenue and asset base has increased year on year with the entity registering a profit of around Rs. 71.41 lakhs as on March 31, 2021. 

  • Gretex Corporate Services IPO details

Here are the key details of the latest IPO including the Gretex Corporate Services IPO date and Gretex Corporate Services IPO share price. 

  • Gretex Corporate Services IPO date

The opening date of the upcoming IPO of Gretex Corporate Services has been notified as July 27, 2021. The issue would then come to a close on July 30, 2021.  

  • Gretex Corporate Services IPO issue size

The public issue of the company features a fresh issue of shares and an offer for sale (OFS) from its promoters. Through the fresh issue, the company is looking to raise around Rs. 4.04 crores through the issue of around 237,600 equity shares. On the other hand, around Rs. 1.09 crores worth of shares are also being put up for sale by the promoters of the company through the OFS route.  

  • Gretex Corporate Services IPO share price

Since the upcoming IPO of the company is a fixed price issue, the company has notified that the IPO price would be Rs. 170 per equity share. 

  • Gretex Corporate Services IPO listing 

The shares of Gretex Corporate Services would be listed on the Bombay Stock Exchange’s SME platform. 

  • Gretex Corporate Services IPO objectives

The company has notified that it would use the net proceeds from the IPO to pay the security deposit of its office space, for meeting the working capital requirements, and for other general corporate purposes.  

Conclusion

If you’re planning to invest in the latest IPO from Gretex Corporate Services, it is best to first open a demat account, if you don’t have one already. Visit the website of Motilal Oswal to create a demat account online within minutes. 

Before commencing online trading, always remember to open a demat account and trading account with a trusted and reliable financial partner.

If you already have an existing account, you can  start your online trading and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the upcoming IPOs by regularly following our IPO calendar.

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