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Gretex Share Broking IPO

Gretex Share Broking IPO

Gretex Share Broking Ltd

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Gretex Share Broking IPO Details

Issue Date

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Price Range

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Lot Size

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IPO Size

N/A

Schedule of Gretex Share Broking IPO

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

About Gretex Share Broking Ltd IPO

The IPO of Gretex Share Broking Ltd is a 100% book-built issue. It consists of a fresh issue and an offer for sale of up to 1,67,81,915 and 30,96,000 equity shares respectively.

Objectives of Gretex Share Broking Ltd IPO

The company plans to utilise the net proceeds received from the IPO for:

  • Funding working capital requirements of the company
  • General corporate purposes

Gretex Share Broking Ltd IPO Valuation

Gretex Share Broking Ltd IPO Share Offer and Subscription Details

Comparison with peers

IPO Registrar and Book Running Lead Manager

Bigshare Services Private Ltd is the registrar of Gretex Share Broking Ltd IPO, while Pantomath Capital Advisors Private Ltd is the IPO’s book running leading manager.

Business Model

As market makers, the company facilitates the issuer companies viz. companies that list their securities on the stock exchanges with buying and selling of their securities, post initial public offers. The company presently is engaged in equity, currency derivative and Future & Options segment of National Stock Exchange of India Limited and BSE Limited along with making proprietary investments in various tradable securities.

Company Growth Trajectory

Gretex Share Broking Ltd has established a track record of robust financial performance. It has been leading in the peer set by recording an operating margin of 57% in FY23. It recorded a net profit margin at 44% amongst its peers in FY23.

Gretex Share Broking Ltd Profit and Loss

Gretex Share Broking Ltd Cash Flow Statement

How to Check Allotment Status of Gretex Share Broking Ltd?

You can check the allotment status of shares either on the website of the Bombay Stock Exchange (BSE) or on the website of the registrar Bigshare Services Private Ltd. To check the status on the BSE website:

  • Visit the BSE website
  • Click on “Investor Services” and choose “Application Status Check”
  • Choose the issue type — Equity or Debt
  • Select the Issue Name from the drop-down
  • Enter your application number or PAN number
  • Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

To check the status on the website of Bigshare Services Pvt Ltd:

  • Visit the website of Bigshare Services Pvt Ltd
  • Select any one server among the three
  • Select the company’s name, Gretex Share Broking Ltd, in this case from ‘Company Selection’ dropdown
  • Enter either the ‘Application Number’, ‘Beneficiary ID’ or ‘PAN Number’
  • Enter the captcha and click on ‘Search’

How To Apply for Gretex Share Broking Ltd IPO?

Here are the steps to apply for Gretex Share Broking Ltd IPO:

Step 1: Log in to your Kotak Neo Demat account Log in to your Demat account to access IPO investments. Next, select the current IPO section.

Step 2: Specify IPO details Enter the number of lots and the price you wish to apply for.

Step 3: Enter UPI ID After entering your UPI ID, click submit. This will place your bid with the exchange.

Step 4: Mandate Notification Your UPI app will receive a mandate notification to block funds.

Step 5: Approve Request Your funds will be blocked once you approve the mandate request on your UPI.

Gretex Share Broking IPO FAQs

The Gretex Share Broking IPO opens for subscription from [-] to [-], with a total issue size of [-]. The IPO price band is ₹[-] per share with a lot size of [-]. The company aims to list the shares on BSE & NSE on [-].

The Gretex Share Broking IPO will open for subscription on [-] and will close on [-] for investors.

The minimum lot size for the Gretex Share Broking IPO is [-] equity shares, requiring a minimum investment of ₹[-] for retail investors applying in the IPO.

The price band of the Gretex Share Broking IPO has been fixed at ₹[-] per equity share.

You can apply for the Gretex Share Broking IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.

Gretex Share Broking IPO allotment will take place on [-].

You can check the Gretex Share Broking IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.

Gretex Share Broking shares will list on the stock exchanges on [-].

The Gretex Share Broking Ltd IPO comprises a fresh issue and an offer for sale. The fresh issue constitutes up to 1,67,81,915 equity shares, while the offer for sale offers up to 30,96,000 equity shares.

The exact dates of the IPO are yet to be announced.

This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Neo Research Team, nor is it a report published by the Kotak Neo Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.

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