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Gretex Industries SME IPO – Details & Review

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Gretex Industries as announced its SME IPO and the IPO is opened on 30-Sep for subscription.

Issue Details of  IPO:  

  • IPO Open :  30th Sep to 5th Oct 2016
  • Issue Price: Rs 19-21 per share
  • Issue Size:  Rs 2.01 crores
  • Minimum Bid – 6000 shares
  • Maximum Bid – 6000 shares
  • Minimum Investment:  Rs 126000
  • Book Running Lead Managers :  Pantomath capital
  • Registrar – BigShare Services
  • Listing: The shares will be listed on SME platform of NSE.

Background:

Gretex Industries Ltd (incorporated in 2009) is engaged in the business of manufactures and sells hosiery garments.

Companys offers wooly coats, thermal innerwear, leggings, etc. under the LEKME brand name. They also Performs job work for various fabrics, such as interlock, fleece, rib, interlock-reversible, sinker, sinker with lycra, polyfill, parker, etc. for various clients. Visit chittorgarh.com for more detail.Companys manufacturing facility is situated at Jalan Industrial Complex in Domjur Area in the district of Howrah, which is one of the oldest Industrial Complex nearby Kolkata. 

Objective of the issue:

  • Working Capital requirements;
  • Issue Expenses.

Pros & Cons: Will be updated soon.

Financials:Will be updated soon

Valuation as compared to its peers: Will be updated soon.

Should you invest:   Will be updated soon.

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