Gretex Industries Ltd - IPO

Gretex Industries Ltd IPO Details

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.

Objective of issue

Funding Working Capital Requirements. General Corporate Purpose.

Gretex Industries Ltd Contact Details

Gretex Industries Ltd, E-2/3 Ansa Indl Est, Saki Vihar Road, Sakinaka Andheri(E), Mumbai - 400072

Phone - 91-22-40430200/28470652

Fax - 91-22-28475207

Email - sweta@gretexgroup.com

Website - www.gretexindustries.com