Gretex Corporate Services Rights Issue will open for subscription from 30 August 2023. the company aims for an issue size of ₹26.87 Crores through this rights Issue.
About the company
Incorporated in 2008, Gretex Corporate Services Ltd is a financial and consultancy service provider in India. It is a SEBI-registered merchant banker, its key business activities include fundraising management activities, investment advisory, underwriting of issues, corporate advisory services, and more.
Initially, the company started its business as a project finance service provider through banks and financial institutions, 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 Services
- Capital 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 strengths
- Diversified range of financial and consultancy service offerings.
- Rich managerial experience.
- Standard quality of services and long-term relationship with customers.
The company has been awarded Top Volume Performer for SME IPO in India in FY 2017-18 and 2020-21 (Awarded by BSE).
Objectives of the Issue
- To purchase shares from existing shareholders of associate company, “Gretex Share Broking Private Limited” and make it as subsidiary company.
- General Corporate Purposes
Gretex Corporate Services Rights Issue Timetable
| Last Date to buy shares | 22 August 2023 |
| Record Date | 23 August 2023 |
| Credit of Rights Entitlements | |
| Bid/Offer Opens On | 30 August 2023 |
| Renunciation of Rights Entitlements | 01 September 2023 |
| Bid/Offer Closes On | 06 September 2023 |
| Deemed Date of Allotment | 13 September 2023 |
| Credit Date | 14 September 2023 |
| Listing Date | 15 September 2023 |
Gretex Corporate Services Rights Issue Details
| Issue Open | August 30, 2023 – September 6, 2023 |
| Security Name | Gretex Corporate Services Limited |
| Issue Size (Shares) | 1,279,513 |
| Issue Size (Amount) | ₹26.87 Crores |
| Issue Price | ₹210 per share |
| Face Value | ₹10 per share |
| Listing At | BSE |
| Terms of Payment | The full amount of the Issue Price being Rs. 210.00 payable on application. |
| Entitlement | 1 Rights Equity Share(s) for every 8 fully paid-up Equity Shares held on Record Date |
Company Financials
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | ||
| Revenue | 4.75 | 15.25 |
| Profit After Tax | 1.53 | 6.52 |
Gretex Corporate Services Rights Issue Documents
Lead Manager(s)
Gretex Corporate Services Registrar
Gretex Corporate Services Limited
New Bansilal Building,
9-15, Homi Modi Street,
Fort, Near BSE, Mumbai – 400023
Phone: 022-40025273
Email: info@gretexgroup.com
Website: https://gretexcorporate.com/
Gretex Corporate Services Contact Information
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
