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SEBI Registered Merchant Banker · SME: 4
4
Total IPOs Managed
+1.3%
Avg Listing Gain
-
Mainboard IPOs
4
SME IPOs
Gretex Corporate Services is a Mumbai-based merchant banking firm that has carved out a real name for itself by championing the "little guy" in the business world. Since 2008, they’ve specialized in taking small and medium-sized enterprises (SMEs) public, often acting as the first professional guide for family-run businesses entering the stock market.
They are far from a traditional, stiff financial institution. Instead, they offer a "one-stop" support system that covers everything from fixing a company's internal structure to handling the heavy lifting of SEBI regulations. Their team is known for being deeply involved in the day-to-day grit of an IPO, making sure that growing entrepreneurs feel supported throughout the high-pressure journey of listing on the BSE or NSE.
Contact Details:
Main Office: A-401, Naman Midtown, Senapati Bapat Marg, Dadar (West), Mumbai — 400013
BKC Office: 1220, 12th Floor, B-Wing, One BKC, G-Block, Bandra Kurla Complex, Mumbai — 400051
Phone: +91-22-69308500 / +91-22-69308501
Email: [email protected]
Website: www.gretexcorporate.com
| IPO | Segment | Open Date | Issue Size | Issue Price | Subscription | Listing Gain | Listing Date |
|---|---|---|---|---|---|---|---|
Vama Wovenfab IPO
Listed
|
SME | ₹50.0 Cr | ₹341 | 2.67× | - | ||
Acetech E-Commerce IPO
Listed
|
SME | ₹49.0 Cr | ₹112 | 1.19× | +0.0% | ||
| SME | ₹57.0 Cr | ₹191 | 1.67× | +0.0% | |||
Brandman Retail IPO
Listed
|
SME | ₹86.0 Cr | ₹176 | 114.55× | +4.0% |
A lead manager, also known as a merchant banker, is a SEBI-registered financial institution appointed by a company to manage its Initial Public Offering (IPO). The lead manager plays a central role in taking a company from the decision to go public all the way to its listing on BSE or NSE.
Key responsibilities of a lead manager include conducting due diligence on the issuer company, preparing the DRHP (Draft Red Herring Prospectus), filing documents with SEBI, setting the price band, managing the book building process, coordinating with stock exchanges, registrars, and bankers, and ensuring the IPO opens and closes smoothly.
The quality of the lead manager often influences investor confidence in the IPO. Reputed merchant bankers like SBI Capital, Axis Capital, IIFL, and others have a track record of managing successful listings. However, it is always advisable to evaluate the issuer company's fundamentals independently before applying to any IPO.
Disclaimer
IPO data shown on this page is for informational purposes only. Past performance of IPOs managed by a merchant banker does not guarantee future results. Always read the prospectus and consult a SEBI-registered financial advisor before investing.
A lead manager (merchant banker) is a SEBI-registered entity responsible for managing the entire IPO process — from due diligence and DRHP preparation, to filing with SEBI, setting the price band, managing book building, and coordinating the listing on BSE or NSE. They act as the primary intermediary between the issuer company and the investing public.
Gretex Corporate Services Ltd. has managed 4 IPOs tracked on IPORise. You can view the complete list, subscription data, and listing performance in the table above.
High subscription reflects investor demand, which is shaped by company fundamentals, valuation, grey market sentiment, and broader market conditions. A capable lead manager contributes to better price discovery and institutional interest. However, subscription numbers alone are not a reliable measure of lead manager quality — evaluate the issuer independently.
You can verify the SEBI registration of any merchant banker on the official SEBI website (sebi.gov.in) under the "Intermediaries/Market Infrastructure Institutions" section. All SEBI-registered merchant bankers are listed with their registration number, validity, and contact details.
