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Initial Public Offering(IPO)

About IPO

As per the official estimates, there are about 63.05 million micro industries, 0.33 million small, and about 5,000 medium enterprises in the country. Since MSMEs forms such a large part of our economy, the proper functioning of such enterprises is necessary. Most of the MSMEs are dependent either on their personal finance or on Bank finance. Most MSMEs have leveraged themselves with the Bank and financial institution to the extent that the burden of the finance cost affects the growth of the company and acts as a hurdle in the company’s growth potential. To tackle this, the company shall break the stereotypes and shall look raise funds through the capital market.

An MSME company can dilute its equity and raise capital through Equity Market. Raising through equity market capital has no interest cost and the company has doesn’t have to pay any service cost for such capital. MSMEs can use the capital market to raise funds and expand their company in a cost-effective manner.

Role of Gretex in IPO

Gretex will act as Lead Manager to the issue, we are responsible to complete the entire listing process. The process can be classified as below;

1.  Pre – Issue: The lead manager takes up the due diligence of the company’s operations/ management/ business plans, etc and additionally drafts as well as design offer documents, prospectus, statutory advertisements, and memorandum of association. The lead manager shall ensure compliance with the stock exchanges, RoC, and SEBI including finalization of prospectus and RoC filling.

2.  Post – Issue: The lead manager also draws up various marketing strategies for the issue. Post issue activities include management of escrow accounts, dispatch of refunds, finalization of trading and dealing of instruments, Submission of final offer document with ROC / SEBI and Stock Exchanges, Completion of Issue and allotment process and Listing of Shares on Stock Exchange, etc.

SME IPO

Mainboard IPO

SME IPO

As per the official estimates, there are about 63.05 million micro industries, 0.33 million small, and about 5,000 medium enterprises in the country. Since MSMEs forms such a large part of our economy, the proper functioning of such enterprises is necessary. Most of the MSMEs are dependent either on their personal finance or on Bank finance. Most MSMEs have leveraged themselves with the Bank and financial institution to the extent that the burden of the finance cost affects the growth of the company and acts as a hurdle in the company’s growth potential. To tackle this, the company shall break the stereotypes and shall look raise funds through the capital market.

An MSME company can dilute its equity and raise capital through Equity Market. Raising through equity market capital has no interest cost and the company has doesn’t have to pay any service cost for such capital. MSMEs can use the capital market to raise funds and expand their company in a cost-effective manner.

Mainboard IPO

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Role of Gretex in SME IPO/Mainboard IPO

Gretex will act as Lead Manager to the issue, we are responsible to complete the entire listing process. The process can be classified as below;

1.  Pre – Issue: The lead manager takes up the due diligence of the company’s operations/ management/ business plans, etc and additionally drafts as well as design offer documents, prospectus, statutory advertisements, and memorandum of association. The lead manager shall ensure compliance with the stock exchanges, RoC, and SEBI including finalization of prospectus and RoC filling.

2.  Post – Issue: The lead manager also draws up various marketing strategies for the issue. Post issue activities include management of escrow accounts, dispatch of refunds, finalization of trading and dealing of instruments, Submission of final offer document with ROC / SEBI and Stock Exchanges, Completion of Issue and allotment process and Listing of Shares on Stock Exchange, etc.

Role of Gretex in IPOs

Gretex acts as Lead Manager to the issue & completes entire listing process.

Pre-Issue:

Post–Issue:

Process of Listing

Pre IPO Process:

Post IPO Process :

Benefits Of Listing

Interest Free Capital
Enhanced Liquidity
unlock-new
Unlock Value
Reduced Finance Cost
esop
Employee Stock Option Plan
pan-india
PAN India Presence
main-board-sme
If listed, Migration to Main Board in 2 years
Business Expansion
Takeover without cashflow

LISTING CRITERIA FOR COMPANIES

Eligibility Criteria for BSE SME, NSE Emerge and Startup

Sr. No Particulars BSE SME NSE Emerge Startup **
1.
Paid-up capital
Post issue paid up capital shall not be more than Rs. 25 crores.
Post issue paid up capital shall not be more than Rs. 25 crores.
1. Post issue paid up capital shall not be more than Rs. 25 crores.
2. Rs. 1 Crore if not registered with MSME/DPIIT Else no lower limit
2.
Networth
Positive Networth.
Positive Networth
3.
Net Tangible Asset
It should be Rs. 1.5 Crores
4.
Track Record
At least 3 Years
At least 3 Years
At least 2 Years
5.
Website
Mandatory
Mandatory
Mandatory
6.
Dematerialization
100% Compulsorily Demat
100% Compulsorily Demat
100% Compulsorily Demat

Eligibility Criteria for Main Board Listing*

Sr. No Particulars BSE NSE
1.
Min. Post issue paid up
It shall be Rs. 10 crore 
It shall not be less than Rs.10 crores.
2.
Min. Issue Size
It shall be Rs. 10 crore 
-
3.
Min. Market Capitalization
It shall be Rs. 25 crore 
It shall be Rs. 25 crore
4.
Track Record
-
The company or Promoter or partnership firm or proprietorship firm or LLP must have track record of min 3 years.

Eligibility Criteria for as per ICDR 2018***

Particulars Guidelines
Net Tangible Assets
Min. Rs. 3 crore. Calculated on restated & consolidated basis, in all the last 3 full years, of which max 50% are held in monetary assets.
Average Operating Profit
Min. Rs. 15 crore. Calculated on restated & consolidated basis, during the last 3 years with operating profit in each of these three years.
Net Worth
Min. Rs. 1 crore in each of the last three full years. Calculated on restated & consolidated basis.
If name changed
If it changed its name within the last 1 year, min. 50% of revenue. Calculated on restated & consolidated basis, for the last 1 full year has been earned by it from activity indicated by its new name.
An issuer not satisfying the condition stipulated above shall be eligible to make an initial public offer only if the issue is made through the book-building process and the issuer undertakes to allot at least 75% of the net offer to QIB and to refund the full subscription money if it fails to do so.

* Detailed updated criteria available on BSE & NSE website.
**Startup listing procedure is the same as SME Listing.
*** Detailed updated criteria mentioned on SEBI website.

+ 0
No Of IPO Completed
Rs. 0 Cr
Total Funds Raised
Rs. 0 Cr
Value Of Raised Funds Today
0 +
No. of IPOs Completed
Rs. 0 Cr
Total Funds Raised
Rs. 0 + Cr
Total Market Cap (as on 16.12.21)

IPO Sucess Stories

Sr. No Name of the company Sector Location Issue Price (in Rs.) Issue Date Issue Size (in Cr.)
1.
Veeram Ornament Limited
Jewellery Mfg.
Ahmedabad
45
23-12-2016
511.65
2.
Jash Dealmark Limited
FMCG products
Mumbai
40
15-03-2017
540
3.
Yug Décor Limited
Plywood & Laminates
Ahmedabad
26
18-05-2017
288.08
4.
Riddhi Corporate Services private Limited
BPO
Ahmedabad
130
12-06-2017
1235
5.
Dhruv Wellness Limited
Pharmaceuticals
Mumbai
18
31-08-2017
501.12
6.
A&M Febcon Limited
Engineering Services
Ahmedabad
18
01-09-2017
668.16
7.
Sagar Diamonds Limited
Jewellery Mfg.
Surat
40
14-09-2017
1352.4
8.
Siddharth Education Services Limited
Tutorial coaching
Mumbai
30
29-09-2017
932.4
9.
Kids Medical System Limited
Health care Products
Ahmedabad
30
11-12-2017
600
10.
Diggi Multitrade Limited
Real estate
Mumbai
13
11-12-2017
338
11.
Summaya Lifestyle Limited
Garments Manufacturing
Mumbai
18
22-05-2018
1383.84
12.
Debock Sales & Marketing Limited
Agricultural Machine Mfg.
Jaipur
20
24-05-2018
444
13.
Deep Polymers Limited
Plastic Mfg.
Gandhinagar
40
08-08-2018
1524
14.
Aaron Industries Limited
Lift Mfg.
Surat
38
20-08-2018
477.66
15.
Mac Hotels
Hotel
Goa
24
19-09-2018
194.4
16.
B&B Triplewall Container Limited
Corrugated Box Mfg.
Bangalore
36
28-09-2018
1999.08
17.
BCPL Railway Infrastrucure Limited
Railway Infrastructure
Kolkata
35
05-10-2018
1701
18.
Misquita Engineering Limited
Washing Machine Component Supplier
Goa
27
23-09-2019
193.32
19.
Anuroop Packaging Limited
Corrugated Box Mfg.
Mumbai
13
08-11-2019
249.6
20.
Billwin Industries Limited
Protective Gears Mfg.
Mumbai
37
30-06-2020
2.46
21.
G M Polyplast Limited
H.I.P.S, A.B.S & P.E.T Sheets Mfg.
Mumbai
159
14-10-2020
8.09
22.
Niks technology Limited
IT Solution Services
Mumbai
201
21-03-2021
2.01
23.
Markolines Traffic Controls Limited
Highway Operation & Maintenance
Mumbai
78
15-09-2021
40
24.
Platinum One Business Services Limited
High Performance Outsourcing Company
Mumbai
92
02-09-2021
3.89
25.
Clara Industries Limited
Flexible Packaging Solutions Provider
Uttar Pradesh
43
16-12-2021
3.01

Track Record

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