IPO Issue Details
Issue Price / Price Band₹170 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size800 Shares per Lot
Total Issue Size3,01,600 shares (aggregating up to ₹5.13 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 27 Jul 2021
Subscription CloseFri, 30 Jul 2021
Anchor AllotmentMon, 26 Jul 2021
Basis of AllotmentWed, 04 Aug 2021
Initiation of RefundsThu, 05 Aug 2021
Credit of Shares to DematFri, 06 Aug 2021
Listing DateMon, 09 Aug 2021
UPI Mandate Deadline2021-07-30
Application & Investment Details
Retail — Min (1 Lots)₹1,36,000 — 800 shares
Retail — Max (13 Lots)₹1,768,000 (13 Lots)
HNI — Min (2 Lots)₹2,72,000 — 1,600 shares
Net Offer to Public2,86,400 shares (aggregating up to ₹4.87 Cr)
Reserved for Market Maker15,200 shares (aggregating up to ₹0.2584 Cr)
Pre-IPO Promoter Holding8,99,745 shares
Post-IPO Promoter Holding11,37,345 shares
Fresh Issue Shares2,22,400 shares (aggregating up to ₹3.78 Cr)
Offer for Sale Shares64,000 shares of ₹10 (aggregating up to ₹1.09 Cr)
About Gretex Corporate Services Ltd.
Incorporated in 2008, 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.Product and ServicesCapital Markets: IPO, De-listing, right issue, open offer, exit offer.Corporate Finance: Private equity, valuation, venture capital, debt securities issue, and bank finance.Corporate Restructuring: Takeover, merger & acquisitions, demergers.Compliance advisory: Statutory compliance and secretarial support services.Competitive strengthsDiversified range of financial and consultancy service offerings.Rich managerial experience.Standard quality of services and long-term relationship with customers.
Objects of the Issue
Gretex Corporate Services Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Payment of Security Deposit for renting of office space and
3.00
2
2 Working Capital Requirements
0.50
3
3 General Corporate Purposes
0.70
Shareholding & Lock-in
Pre-IPO Promoter Holding
8,99,745 shares
Post-IPO Promoter Holding
11,37,345 shares