IPO Details
Issue Date
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Investment/lot
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Price Range
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IPO Size
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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
| Detail | Information |
|---|---|
Upper Price Band | TBA |
Fresh Issue | Up to 1,67,81,915 equity shares |
Offer For Sale | Up to 30,96,000 equity shares |
EPS in ₹ for FY 23 | 9.45 |
Gretex Share Broking Ltd IPO Share Offer and Subscription Details
| Investor Category | Shares Offered |
|---|---|
QIBs | Not more than 50% of the offer |
Non-institutional bidders | Not less than 15% of the offer |
Retail individual bidders | Not less than 35% of the offer |
Comparison with peers
| Parameter | Gretex Share Broking Ltd | Aryaman Financial Services | Inventure Growth and Securities Ltd | Alacrity Securities Ltd | Share India Securities Ltd |
|---|---|---|---|---|---|
Total income in ₹ crore for FY 23 | 106.464 | 55.698 | 50.990 | 207.879 | 1099.702 |
P/E for FY 23 | NA | 45.16 | 24.36 | 21.30 | 19.99 |
Return on Net Worth (in %) for FY 23 | 70.15 | 6.13 | 4.44 | 13.14 | 32.46 |
EPS (Basic) in ₹ for FY 23 | 9.45 | 4.40 | 0.11 | 1.53 | 102.27 |
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
| Parameter | FY 23 | FY 22 | FY 21 |
|---|---|---|---|
Total Income in ₹ crore | 106.464 | 41.257 | 13.278 |
Profit Before Tax in ₹ crore | 62.261 | 10.391 | 0.304 |
EBITDA in ₹ crore | 58.739 | 8.953 | 0.78 |
EPS in ₹ | 9.45 | 1.73 | 0.05 |
Gretex Share Broking Ltd Cash Flow Statement
| Parameter | FY 23 | FY 22 mobile_header | FY 21 |
|---|---|---|---|
Net Cash From / Used in Operating Activities in ₹ crore | 39.821 | 9.408 | 2.026 |
Net Cash From / Used in Investing Activities in ₹ crore | (43.310) | (3.574) | 3.0 |
Net Cash From / Used in Financing Activities in ₹ crore | 2.31 | (0.443) | (4.882) |
Cash and Cash Equivalents at the end of the Period | 4.420 | 5.598 | 0.207 |
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 Securities 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.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities 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.
Gretex Share Broking IPO FAQs
What is the Gretex Share Broking Ltd IPO?
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.
When will the IPO of Gretex Share Broking Ltd go live?
The exact dates of the IPO are yet to be announced.
