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.
| Bidding Dates |
|---|
| 27 Jul 2021 - 30 Jul 2021 |
| Subscription |
|---|
| 7.27x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,36,000 | 1 | 1 | 800 | 301.6 K | ₹170 | 73.48 % | ₹51.3 M | RHP DOC |
Gretex Corporate IPO SUBSCRIPTION STATUS
30 Jul '21Gretex Corporate IPO overall subscription rate was 7.27 times the total available shares
Gretex Corporate IPO retail subscription rate was 12.17 times in the retail segment
Gretex Corporate IPO non-institutional investor subscription rate was 2.37 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
29 Jul 2021 (Day 3) | 8.88x | 1.49x | - |
30 Jul 2021 (Day 4) | 12.17x | 2.37x | - |
27 Jul 2021 (Day 1) | 4.15x | 0.83x | - |
28 Jul 2021 (Day 2) | 6.88x | 1.28x | - |
Gretex Corporate FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY21 | 6.5 | 29.8 | 7.9 | 7.4 |
| FY20 | -16.0 | 11.5 | -4.9 | -5.2 |
| FY19 | 2.5 | 31.5 | 1.8 | 1.1 |
Gretex Corporate IPO SUBSCRIPTION STATUS DETAILS
Gretex Corporate had 301.6 K shares on offer
Gretex Corporate IPO offer price was ₹170
Gretex Corporate IPO minimum Investment was ₹136000
Gretex Corporate IPO issue size was ₹ 51.3 M
Gretex Corporate had a minimum lot size of 800 Shares per application
Gretex Corporate NUMBER OF SHARES ON OFFER
Gretex Corporate IPO IMPORTANT DATES
| Issue Open Date | 27 Jul 2021 |
| Issue close Date | 30 Jul 2021 |
| Allotment Date | 04 Aug 2021 |
| Refund Date | 05 Aug 2021 |
| Demat Account Credit Date | 06 Aug 2021 |
| Listing Date | 09 Aug 2021 |
| Listing on Exchange(s) | BSE |
| Gretex Corporate Allotment Status | Exchange |
Gretex Corporate IPO subscription opened on 27 Jul 2021, and closed on 30 Jul 2021
IPO allotment for Gretex Corporate was finalized on Wednesday, 04 Aug 2021
IPO listing for Gretex Corporate was on BSE on Monday, 09 Aug 2021
Gretex Corporate IPO LISTING GAINS
| Issue Price (adjusted) | 9.9 |
| Listing Open Price | 177.0 |
| Listing Close Price | 180.6 |
| Listing Gain% | 4.1% |
| Current Gain% | 5171.1% |
Gretex Corporate Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gretex Corporate Services Ltd. | 524 | 59.6 | 51.4 | 0.1 | 6.1 | 13.6 | 9.4 | 179.1 | -32.6 | 23.1 | 1673.6 | 10.2 | 1021.8 |
| Crisil Ltd. | 4607 | 33691 | 38.1 | 1.8 | 8.2 | 25.2 | 16.5 | 3755.6 | 12.1 | 766 | 12 | 120.9 | 21.5 |
| Central Depository Services (India) Ltd. | 1328 | 27755.2 | 58.9 | -12.4 | 23.5 | 23.3 | 18.8 | 1238.5 | 3.3 | 456.1 | -13.4 | 22.5 | -4.8 |
| IIFL Finance Ltd. | 611.8 | 26022.7 | 12.4 | 0 | 1.8 | 11.9 | 1.9 | 13373.8 | 30.6 | 1660.8 | 338.5 | 49.4 | 548.8 |
| National Securities Depository Ltd. | 821.2 | 16424 | 42.3 | 4.5 | 9.5 | 16 | 9.9 | 1660.2 | 8.1 | 379.7 | 10.7 | 19.4 | 9.4 |
| KFIN Technologies Ltd. | 936 | 16178.4 | 47.4 | -1147.9 | 11.7 | 20.5 | 12.4 | 1343.9 | 19.1 | 343.7 | 3.3 | 19.8 | 0 |
Gretex Corporate INFORMATION ON IPO ISSUE
About Gretex Corporate
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.
Object of the Issue
1.To make payment of security deposit for renting office space.
2.Working capital requirements.
3.General Corporate purposes.
Gretex Corporate - PROMOTERS
| Name |
|---|
| Arvind Harlalka |
| Alok Harlalka |
Gretex Corporate Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Gretex Corporate Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Gretex Corporate Strengths
Rich Management Experience
Promoters have collective experience in financial services industry of approximately 3 decades
Strong professional and execution team
Strong professional and execution team allows the Company to develop a strong business
Diversified Portfolio of Services offered
The company provides various diversified financial and consultancy services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory.
Gretex Corporate Risks
Outstanding legal proceedings
There are outstanding legal proceedings involving the Company, Promoters, Directors and Group Companies.
Require several approval
The company requires several approvals, NOCs, licenses, registrations and permits in the ordinary course of business.
IPO FAQs
Gretex Corporate Services Ltd. IPO listing opened at Rs 177.00 while the issue price was Rs 170.00 giving 4.12% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 9.94 giving 5171.13% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 1.1 crore, of 64,000 shares. It also consists of a fresh issue of Rs 4.0 crore.
The promoters of the company are Arvind Harlalka and Alok Harlalka.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 170.0 - 170.0.
The IPO application opens on Jul 27, 2021 and closes on Jul 30, 2021.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 136,000.0, the maximum value for this IPO is Rs 136,000.0.
This IPO will be allotted on Aug 04, 2021.
The refund will be credited to your account on Aug 05, 2021.
The allotted shares will be credited to your demat on Aug 06, 2021.
Gretex Corporate Services Ltd.’s shares listed on the stock exchanges on Aug 09, 2021.