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Gretex Corporate Services Limited IPO [INITIAL PUBLIC OFFERING] Detail

About the Gretex Corporate Services Ltd

The Company was originally incorporated as “Dynamic Tradeserv Private Limited” on September 05, 2008 at Kolkata, West Bengal as a private limited company under the Companies Act, 1956 with the Registrar of Companies, West Bengal. Subsequently, the name of the Company was changed to “Gretex Corporate Services Private Limited” vide special resolution passed by the shareholders of Company in their meeting held on May 28, 2013 and a fresh Certificate of Incorporation consequent to the change of name was granted to the Company on May 31, 2013, by the Registrar of Companies, West Bengal. Further, our Company was converted into Public Limited Company pursuant to special resolution passed by the shareholders of the Company in their meeting held on April 12, 2021 and the name of the Company was changed to “Gretex Corporate Services Limited” and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated May 12, 2021 was issued by Registrar of Companies, Mumbai, Maharashtra, being Corporate Identification Number U74999MH2008PLC288128.

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

Contact Person: Mr. Janil Jain, Company Secretary and Compliance Officer

Tel: +91 – 22 – 4002 5273; Email: info@gretexgroup.com; Website: www.gretexcorporate.com

Company Promoters

Mr. Arvind Harlalka, Mr. Alok Harlalka and M/s. Bonanza Agency LLP

Company Financials

Summary of Restated Consolidated Financial Information

For the year/period ended (in ₹ Lakhs)

Total Revenue324.63145.31315.53
Profit After Tax71.41(115.21)24.97
Total Asset1,011.22838.21946.16

Gretex Corporate Services Ltd – IPO Details

IPO Details

Issue Open Date27 July 2021
Issue Close Date30 July 2021
Issue TypeFixed
Face Value₹ 10 per equity share
IPO/Issue Price ₹ 170 per equity share
Market Lot800 Shares
Min Order Quantity800 Shares
Listing AtBSE, SME

IPO/ Issue Time Line [Tentative]

27 July 2021

Issue Open Date

Issue Close Date

30 July 2021
4th Aug 2021

Basis of Allotment Date

Initiation of Refunds

5th Aug 2021
6th Aug 2021

Credit of Shares to Demat Account

IPO Listing Date

9th Aug 2021

Objects of the Issue

The Company proposes to utilize the Net Proceeds from the Offer towards funding the following objects:

1. Payment of Security Deposit for renting of office space and

2. Working Capital Requirements

3. General Corporate Purposes

Gretex Corporate Services IPO Prospectus

  ›  Gretex Corporate Services IPO RHP

Gretex Corporate Services IPO FAQs

When the Gretex Corporae Services IPO will Open?

The Gretex Corporate Services IPO opens on 27th July 2021.

When the Gretex Corporate IPO will close?

The Glenmark Life Sciences Limited IPO opens on 30th July 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 Issue Price (per equity share) of the IPO?

The issue price of the IPO is ₹ 170 per equity share.