Gretex Industries Ltd IPO


IPO Subscription Details

  • Open Date 30 Sep
  • Close Date 05 Oct
  • Lot Size 6000
  • IPO Size ₹ 3.96 Cr
  • IPO Price Range ₹ 20
  • Min Investment ₹ 120000

IPO Synopsis

Public offer of 19,80,000 equity shares of face value of Rs. 10/- each fully paid for cash at a price of Rs. 20/- per equity share (the offer price) (including a share premium of Rs. 10/- per equity share) aggregating up to Rs. 3.96 crores (the offer) by the company, consisting of a fresh issue of up to 10,56,000 equity shares by the company aggregating up to Rs. 2.11 crores (the fresh issue) and offer for sale of 9,24,000 equity shares by promoter group selling sharholders i.e. Bonanza Agency Private Limited, talent investment company Private limited and promoter selling sharholder i.e. Ambition Tie-up Private Limited of which (collectively, the selling shareholder) aggregating up to Rs. 1.85 crores (the offer for sale). The offer comprises a net offer to the public of 18,78,000 equity shares ( the net offer) and a reservation of 1,02,000 equity shares aggregating up to Rs. 0.20 crores will be reserved for subscription by the market maker to the offer (the market maker reservation portion). The offer and the net offer will constitute 47.01% and 44.59%, respectively of the post offer paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each. The offer price is Rs.20 and is 2.00 times of the face value of the equity shares.

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

Contact Details of Gretex Industries Ltd IPO

Contact Information


90 Phears Lane 5th Floor,
P S Bow Bazaar,
Kolkata, West Bengal 700012

Gretex Industries Ltd IPO Lead Manager

Indian Overseas BankPantomath Capital Advisors Pvt Ltd