Gretex Corporate Services IPO is likely to open for subscription tomorrow i.e. 27th July 2021 with a price bracket of Rs.170 per equity share. The company got incorporated in the year 2008. After incorporation, the company commences its business as a project finance service provider via Banks & Financial Institutions.
Later, as time passes, the company progresses and makes an extension in its product portfolio. Currently, the company is engaged in offering services in distinct areas like corporate finance, capital markets, corporate restructuring, debt syndication, and compliance advisory.
The company is a merchant banker registered under SEBI guidelines. Moreover, their key activities comprise investment advisory, corporate advisory services, raising fund management actions, and many more.
So, if you are planning to buy a subscription here is a guide which depicts the analysis of our expert:
Promoters of the Company
Mr. Alok Harlalka, Mr. Arvind Harlalka and M/s Bonanza Agency LLP are the promoters of the company.
Issuance of Shares
Issue size: Rs. 5.13crore
Face value: Rs. 10 per equity share
Listing At: BSE & SME
The Objective of the Issuance of Shares
- In order to meet working capital requirements.
- To meet general corporate purposes
- To pay the security deposit for letting office space.
IPO Share Price
The company decides the price band at Rs. 170 per equity share.
Retailers Reserved Lot size
Up to 1 lot i.e. 800 shares which makes a total of Rs. 136,000 are valid for subscription, in the case of the retail individual investors.
IPO Opening and Closing date
The Gretex Corporate Services IPO is likely to open for subscription on 27th July 2021 and will close on 30th July 2021.
Lot size and Minimum number of shares
Each lot size includes a total of 800 shares. Therefore, an investor should subscribe for a minimum count of 800 shares only.
Allotment of Shares
The allotment of shares will be done on 04th August 2021 and the shares allotted will be transferred to your Demat account by 06th August 2021.
IPO listing date
The IPO listing date of Gertex Corporate Services is yet to decide. Moreover, the expected date may be 09th August 2021.
Trendy Analysis
Gretex Corporate Services is a Mumbai-based company and is ready to raise Rs.5.13 crore via IPO subscription. Moreover, the company shows financial inconsistency and is entering into a competitive industry. However, looking into the financials of the company, our experts says a big “No” to this IPO subscription.