February 1, 2024
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Gretex Share broking IPO GMP, Details, Guidance, Subscription Status, allotment @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
Gretex Share broking Post Listing Review:
The Issue comprises a Fresh Issue of shares by the company and offer for sales.
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the following objects:
1. Funding working capital requirements of the Company; and
2. General corporate purpose
What is the business of Gretex Share broking?
Gretex Share broking is engaged in the business of Market Making and Stock Broking, Underwriting Capital Market Issuances and Depository Participant of NSDL.
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 has obtained the registration as Market Maker with BSE in the year 2012 and with NSE in the year 2023. With an existence of over a decade, as on September 30, 2023, the Company has executed mandates as market makers with 31 companies that got listed on SME platforms of the stock exchange.
The Company also has a signed MOU with one of its Promoters namely Gretex Corporate Services Limited, a SEBI registered category-I Merchant Banker, to be the market makers for upcoming 28 SME IPOs . In SME segment, the Company creates liquidity in the market as Market Marker by way of two way quotes during trading hours. Market Making activities are fund based as well as fee based i.e. the Company earns a fixed fee for the market making services from corporates which includes one time fees as well as yearly fees and further the Company strives to earn spread and other trading revenues from the same and other stocks in the secondary market transactions
The Company is also registered with the SEBI as a Stock Broker since its incorporation in 2010. Its clientele includes institutional clients along with retail investors. To be eligible to offer broking services to the institutions, a broker has to be empanelled with an institution. The Company is empanelled with 3 institutions as on September 30, 2023
For more information, click www.gretexbroking.com
Gretex Share broking IPO GMP, Particulars & Guidance
| Gretex Share broking IPO Details | |
| IPO opens on | ? 2024 |
| IPO closes on | ? 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 19877915 Sh /Rs ? Cr |
| * Fresh Issue | 16781915 Sh /Rs ? Cr |
| * Offer for Sale | 3096000 Sh /Rs – Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. ? |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs.0 per share |
| Retail Lot Size | ? Shares |
| Listing will at | BSE, NSE |
| Shares offered in Gretex Share broking? | Shares | Rs. in Cr |
| QIB (75 %) | ? | ? |
| NII (15 %) | ? | ? |
| RII (10 %) | ? | ? |
| Employees @ Rs.316 | ? | ? |
| Total Shares | 19877915 | ? |
| Retail portion will be oversubscribed by | ? Forms. | |
| How to apply in Gretex Share broking IPO? | Amount Rs. | |
| Min Retail Application | ? Sh | ? |
| Max Retail Application | ? Sh | ? |
| Small HNI (Min) application | ? Sh | ? |
| Small HNI (Max) application | ? Sh | ? |
| Big HNI Application | ? Sh | ? |
| What is the timetable of Gretex Share broking IPO? | |
| IPO opens on | ? 2024 |
| IPO Closes on | ? 2024 |
| IPO Allotment on | ? 2024 |
| Unblocking of ASBA | ? 2024 |
| Credit of Shares | ? 2024 |
| Listing on | ? 2024 |
| Registered Office of Gretex Share broking | |
| A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls Dadar (West), Delisle Road, Mumbai 400013, Maharashtra, India; |
|
| Who are the Lead Managers of Gretex Share broking IPO? Pantomath Capital Advisors Private Limited |
|
| Registrar to IPO | |
| Bigshare Services Private Limited |
| Gretex Share broking IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 13.28 | 0.03 | 0.05 | 1.61 |
| 2021-22 | 41.26 | 8.55 | 1.73 | 26.71 |
| 2022-23 | 106.46 | 46.74 | 9.45 | 70.15 |
| Book Value of the Share on 31.03.2023 | Rs. | 13.47 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | ? | ||
| Gretex Share broking IPO Ratio Analysis |
|
| Price /EPS | ? |
| Price/Book Value Ratio | ? |
| Price/BV after IPO | ? |
| As on date of DRHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| Gretex Share broking | 10 | 106.46 | ? |
| Aryaman Financial | 10 | 55.70 | 45.16 |
| Inventure Growth | 1 | 50.99 | 24.36 |
| Alacrity Securities | 10 | 207.88 | 21.30 |
| Share India Securities | 10 | 1099.70 | 19.99 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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