Gretex Corporate Services Ltd Summary
Gretex Corporate Services Limited was originally incorporated as Dynamic Tradeserv Private Limited on September 05, 2008 at Kolkata, West Bengal as a Private Limited Company with the Registrar of Companies. Subsequently, name of the Company was changed to Gretex Corporate Services Private Limited on May 31, 2013, by the Registrar of Companies, West Bengal. Further, Company converted into Public Limited Company and renamed it as Gretex Corporate Services Limited and a fresh Certificate of Incorporation upon conversion to Public Limited Company dated May 12, 2021 was issued by Registrar of Companies, Mumbai, Maharashtra.
The Company is a SEBI-registered Category I Merchant Banker and is engaged in providing diversified financial and consultancy services in the areas of Capital Markets, Corporate Finance, Corporate Restructuring, Debt Syndication, Compliance Advisory. The Company started operations in 2008. During the initial years, it was engaged in the business of providing project finance services to companies through banks and financial institutions.
In year 2011, the Company started providing services of capital market such as Direct Listing of Companies on nationwide stock exchanges. This new venture gave management an interest to explore more opportunities in capital market. In year 2013, the Company had applied for the license of merchant banking with Securities and Exchange Board of India (SEBI).
SEBI provided the Company with Initial Certificate of Registration which was valid for a period of 5 years.In 2014, Company was registered as SEBI- Category- I Merchant Banker.In 2016, the Company shifted its registered office from West Bengal to Maharashtra.In 2017, Gretex Services listed its First Company on the SME Platform. Further, the Company listed a total of 17 companies on SME Platform.In 2018, the Company was awarded as one of the top volume performers (Merchant Banking- SME Platform) by Bombay Stock Exchange. In 2019, the Initial Certificate of Registration was renewed and a permanent registration was provided by SEBI.
Since past six years, the Company Promoters have been carrying out the business of management of fund-raising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser to the Issuer. The Company launched the initial public offering of 3,01,600 equity shares of face value of Rs 10 each, by raising funds aggregating to Rs 5.12 Crore, comprising a fresh issue of 2,37,600 equity shares aggregating to Rs 4.03 Crore and 64000 equity shares aggregating to Rs 1.09 Crore through offer for sale in July, 2021. As a Category I Merchant Banker, the Company lead and syndicate small and mediumsized IPOs, FPOs, rights issues, composite issues, QIPs, PIPE deals, and other fund raising activities.
It offer advisory for mergers and acquisitions, open offers, delisting offers, buybacks, compliance health checks, and the issuance of due diligence certificates. Additionally, it offer valuation and advisory services for foreign investments, ESOP certifications, fairness opinions for amalgamation schemes, mergers, spin-offs, and more. The Company has built a strong reputation in the primary market through the successful execution of 44 SME IPOs.Gretex Share Broking Limited was acquired as subsidiary in September 2023.
During the Financial Year 2025-26, the Company, by way of a bonus issue, allotted 1,07,23,802 equity shares of face value Rs 10 each, in the ratio of 9:10, i.e., 9 fully paid-up equity shares for every 10 equity shares held by the shareholders. The Company has listed 11 Initial Public Offerings (IPOs) on the SME Platform of BSE Limited and the Emerge Platform of NSE Limited.