IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
1,98,77,915 Equity Shares
Investor category and sub category
Retail Individual Investors | Qualified Institutional Bidders | Non-Institutional Bidders |About Gretex Share Broking Limited
Incorporated in 2010, Gretex Share Broking Limited is engaged in market making and stock broking, underwriting capital market issuances and depository participants of NSDL. 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 earns a fixed fee for the market-making services from corporates, which includes one-time fees as well as yearly fees further, its company strives to earn spread and other trading revenues from the same and other stocks in the secondary market transactions.
Market Makers are individuals or firms that actively quote two-sided markets in a particular security, providing bids and offers (known as asks) along with the market size of each. The major benefits of market making include improvement in the liquidity for the company stocks, resulting in better pricing of shares, uplifts new investors to buy the stocks as market makers offer assured liquidity and better liquidity in the stock helps investors to sell their holdings easily at any point in time.
Gretex Share Broking Limited IPO Details
Gretex Share Broking Limited IPO Dates
Gretex Share Broking Limited IPO is a combination of fresh issue and offer for sale. Gretex Share Broking Limited’s IPO will be listed on the BSE and NSE. It is a book-built issue IPO.
Gretex Share Broking Limited IPO Price Band
The price range of the IPO has not been fixed yet.
Gretex Share Broking Limited IPO Lot Size
The lot size of the IPO has not been fixed yet.
Gretex Share Broking Limited IPO Objectives
The objectives of Gretex Share Broking Limited IPO are listed below:
- Funding working capital requirements.
- General corporate purposes.
Peer Details
As per DRHP, the company has 4 listed peers, which are mentioned below:
- Aryaman Financial Services Ltd.
- Inventure Growth and Securities Ltd.
- Alacrity Securities Ltd.
- Share India Securities Ltd.
How To Check the Allotment Status of the Gretex Share Broking Limited IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Gretex Share Broking Limited
Registered office: A-401, Floor 4th, Plot FP-616, (PT), Naman Midtown, Senapati Bapat Marg, Near Indiabulls, Dadar (West), Delisle Road, Mumbai 400013, Maharashtra, India
Phone: 91-22-6930 8500
E-mail: compliance@gretexbroking.com
IPO Financials
| Particulars | Period Ended on July 31, 2023 | Year Ending on March 31, 2023 | Year ending on March 31, 2022tal Expense | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Total Income | 216.02 | 1,064.64 | 412.57 | 132.78 |
| Profit After Tax (PAT) | 61.15 | 467.45 | 85.54 | 2.57 |
| Assets | 854.79 | 828.76 | 359.29 | 180.59 |
| Net Worth | 739.30 | 666.39 | 320.29 | 159.46 |
| Total Borrowings | - | 5.88 | 1.59 | 4.36 |
Know before investing
Strengths
2-
The company operates an integrated mix of business, which offers a range of financial products and services to its investors along with market making, which includes underwriting, liquidity management, equity brokerage, trading with memberships in BSE, NSE and depository participants of NSDL.
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The company is focused on the niche area of market making. Going forward, the more companies it adds to its market-making portfolio, the more it will increase its fee-based revenue at the same time
Risks
2-
The company has experienced negative cash flows in the past and may continue to do so in the future. The same may adversely affect its cash flow requirements, which in turn may adversely affect its overall financial and operational performance.
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Any failure to protect or enforce its rights to own or use trademarks and brand names and identities could have an adverse effect on its business and competitive position.
Login to Angel One App / Website & click on IPO
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Enter UPI ID, set quantity/price & submit
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Choose IPO section on Home Page
Click IPO Orders
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Gretex Share Broking Limited IPO FAQs
Gretex Share Broking Limited IPO is a mix of fresh issue and offer for sale.
The Basis of Allotment date has not been announced yet.
The IPO subscription window has not been decided yet.
The lot size of the IPO has not been announced yet.
Gretex Share Broking Limited IPO will be listed on BSE and NSE.
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the IPO Section and then to IPO Orders
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Listing gains cannot be ascertained before listing the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
