* - Tentative Dates
The company intends to utilize the Net Right Issue Proceeds for the following Objects ("Objects of the Issue"):
a. To purchase shares from existing shareholders of associate company, "Gretex Share Broking Private Limited" and making it as subsidiary company.
b. General Corporate Purposes
| Period Ended | 31 Mar 2022 | 31 Mar 2023 |
| Assets | ||
| Revenue | 4.75 | 15.25 |
| Profit After Tax | 1.53 | 6.52 |
| Net Worth | ||
| Reserves and Surplus | ||
| Total Borrowing |
Gretex Corporate Services Limited was established in 2008. In the early years, the company was engaged in project financing of companies through banks and financial institutions. In 2011, the company started providing capital market services such as direct listing of companies on national stock exchanges. This new venture sparked the management's interest in exploring further opportunities in the capital market. Therefore, in 2013, the company applied to the Securities and Exchange Board of India (SEBI) for a merchant banking licence. SEBI granted the Company an initial registration certificate valid for 5 years.
The company is registered with SEBI under registration code INM000012177 as a category I merchant. Since its inception, the company has aimed to become a one-stop store for financial advisory services. From the beginning, the goal has been to share and efficiently implement unconventional and innovative ideas. Traditionally, the only way to get funding was to borrow money or self-fund, but debt financing often limits a company's actual growth, and it has been shown that a company can reach great heights when it goes public. The company achieves its growth when it discloses the real value of the company through the valuation of the company's shares.
They always strive to meet the requirements of their clientele according to their needs. To meet these requirements, they have adapted to the best measures in the industry. They rely on extensive research, training and technological development to maintain the standard and quality of their services. They provide services that ensure the satisfaction of their customers. They believe that through the quality of their services, they have established long-term and stable relationships with their most important customers.