Business

GRETEX Corporate Services Ltd got successfully listed on the SME platform of BSE Limited

GRETEX has been offering diversified financial services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory.

 

Primarily GRETEX cater the needs of Small and Medium Enterprises, but today they are reaching outstanding heights through their work.

 

GRETEX IPO was a public issue of 301600 equity shares. The much anticipated GRETEX IPO was initially opened on 27th July, 2021 and closed on 30th July 2021. The IPO was a huge success and got massively oversubscribed. GRETEX Corporate Services Ltd got successfully listed on the SME platform of BSE Limited on 09th August 2021.

 

The financial services company issued the IPO at a issue price of Rs. 170 and of the face value of Rs. 10.

 

According to the stock exchange data, GRETEX IPO got oversubscribed by 6.9 times. The Category for Retail Individual Investors (RII) was over-subscribed by 12.17 times, and the category for High Net Worth Individuals (HNI) was subscribed by 2.37 times.

 

The proceeds of the IPO will be utilised in the most productive way by the Company. They will make sure that each penny can be counted to modify the services offered. It will be used for funding the working capital requirement and other general corporate purposes.

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