### **Company Overview** Gretex Corporate Services Limited is a SEBI-registered Category I Merchant Banker and a leading full-service capital markets advisor in India, with a strong specialization in the SME (Small and Medium Enterprise) IPO ecosystem. The company supports businesses from pre-IPO preparation through to post-listing liquidity and long-term market engagement. Headquartered in Mumbai, with branch offices in Kolkata, Indore, and Jaipur, Gretex operates across India and serves clients primarily from Tier-I cities, while also contributing to financial inclusion in Tier-II and Tier-III regions. In September 2025, Gretex successfully transitioned from the BSE SME Platform to the **Main Board of both BSE and NSE**, marking a significant milestone that reflects its growth, enhanced market visibility, improved investor confidence, and compliance with higher corporate governance standards. --- ### **Business Model & Core Offerings** Gretex functions as a **holistic capital markets partner**, offering end-to-end advisory and execution services across the corporate finance lifecycle. Its integrated financial ecosystem includes: - **Merchant Banking & IPO Advisory**: Leads and syndicates IPOs, FPOs, rights issues, QIPs, PIPEs, and private placements. - **Corporate Advisory**: Mergers & Acquisitions (M&A), restructuring, succession planning, delistings, buybacks, ESOP valuation, and fairness opinions. - **Valuation Services**: Over 100+ mandates completed in FY24–25, including valuations for equity, IP, startups, and intangible assets; developing AI-driven tools for enhanced accuracy. - **Debt & Hybrid Financing**: Structuring revenue-based financing, mezzanine funding, convertible notes, venture debt, and SAFE agreements. - **Compliance & Due Diligence**: Regulatory filings, SEBI compliance, post-IPO governance support, and investor communication frameworks. The firm leverages a **hybrid delivery model** combining technology-driven automation with expert-led advisory, enabling scalable yet customized solutions for clients across sectors such as manufacturing, healthcare, fintech, agritech, green energy, retail, and infrastructure. --- ### **Strategic Positioning & Differentiation** Gretex differentiates itself through a rare **dual capability in merchant banking and market making**, facilitated by its wholly-owned subsidiary, **Gretex Share Broking Limited**, incorporated in April 2010 and SEBI-registered as a stockbroker and market maker. Key differentiators include: - **Integrated Ecosystem**: Seamless linkage between IPO execution and post-listing liquidity via in-house broking and market-making operations. - **Lean & Agile Execution**: Entrepreneurial team structure allows faster turnaround compared to larger, bureaucratic firms. - **Relationship-Driven Approach**: Provides CFO-level strategic counsel tailored to promoter-led SMEs, going beyond transactional advisory. - **Digital-First Infrastructure**: Investments in AI, ML, RPA, cloud-native platforms, and predictive analytics enhance process speed, accuracy, and client outcomes. - **Sector & Lifecycle Expertise**: Deep experience in guiding early-stage and growth-phase companies to public listing, particularly those raising between ₹10–50 crore. --- ### **Performance & Track Record** As of November 2025, Gretex has: - Executed **59 public issues**, including: - **57 SME IPOs** - **1 Main Board IPO (FY24)** - **1 Follow-on Public Offer (FPO)** - Facilitated **8 private placement transactions** - Raised approximately **₹1,337 crores** in aggregate capital for clients - Successfully listed one client on both BSE and NSE Main Boards (June 2024), with additional mainboard mandates underway The company is consistently ranked among the **top 5 SME merchant bankers in India** by volume and impact, having won the **‘Top Volume Performer for SME IPO’ award from BSE Limited** for four financial years: FY17–18, FY20–21, FY21–22, and FY22–23. --- ### **Subsidiary & Integrated Services** **Gretex Share Broking Limited** plays a pivotal role in strengthening the capital market value chain: - SEBI-registered **market maker for 63 companies**, ensuring post-listing liquidity and price discovery, especially on SME exchanges. - Serves **over 300 retail clients** and **7 empaneled institutional clients** with equity/derivative trading, depository services, and research insights. - An integral part of the full-cycle solution: advising on IPO readiness → executing listing → sustaining post-listing market depth. The subsidiary is preparing for **its own potential listing**, which will further enhance market credibility and enable scaling of broking and market-making operations. --- ### **Geographic & Client Focus** - Operates from **Mumbai (head office)** with regional presence in **Kolkata, Indore, and Jaipur** - Over **55 out of 59 IPOs executed in Tier-I cities**, reflecting strong urban market penetration - Clients span **17 diverse sectors**, including engineering, healthcare, manufacturing, fintech, agritech, adhesives, paints, food & beverage, and electrical appliances - Notable client engagements include: - **AMIC Forging Ltd.** (Kolkata-based forging company) - **Associated Coaters Ltd.** (powder coating solutions provider) - **Owais Metals & Minerals Processing Ltd.** (metallurgical industry player) - **Aasaan Loans (Akme Fintrade India Ltd.)** (collateral-free lending platform for MSMEs) These case studies reflect Gretex’s ability to drive successful public market entries for first-generation entrepreneurs and niche industrial players. --- ### **Operational Strengths & Innovation** - **Technology Integration**: Use of AI/ML for IPO pricing, investor sentiment analysis, and risk forecasting; blockchain and regtech partnerships for smart contracts and digital KYC. - **Fintech Collaborations**: API-first integrations with startups for automated onboarding, compliance, and settlement. - **Human Capital Investment**: Internal academies, hybrid training programs, and simulation labs to nurture talent from top institutions (including Deloitte, PwC, Welingkar alumni). - **Governance & Compliance**: Strong adherence to SEBI, AIBI, NSE, and BSE standards across disclosures, data security, ESG, and stakeholder reporting. --- ### **Vision & Mission** Gretex aims to be a **strategic growth enabler**, transforming private businesses into publicly listed market leaders. Its mission centers on **long-term value creation**, **entrepreneurial empowerment**, and **inclusive economic growth**, aligned with national initiatives like Startup India, Make in India, and Atmanirbhar Bharat. The company champions a **culture of trust, transparency, technology, and transformation**, positioning itself not just as an advisor, but as a **long-term partner in enterprise scaling and wealth creation**. ---