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Capital Market

Initial Public Offering

Being one of the leading Investment Banker, we assist companies to raise fund from the equity markets. An unlisted company can offer its share to the general public by issuing Initial Public Offering (IPO). A company can either get listed on the Mainboard or SME Exchanges.

Managers to issue services are divided into 2 stages:

  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 book running lead manager shall ensure compliance with the stock exchanges, RoC, and SEBI including finalization of prospectus and RoC filling.
  1. 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, etc.
Open Offer

An open offer is an offer made by the acquirer to the shareholders of the target company inviting them to tender their shares in the target company at a particular price. The primary purpose of an open offer is to provide an exit option to the shareholders of the target company on account of the change in control or substantial acquisition of shares, occurring in the target company.

We are also one of the leading merchant bankers hired for managing open offers of listed companies. Our expertise includes coordination between various agencies, preparation of open offer related documents and public announcements, and liaising with SEBI, ROC and other relevant authorities.

We assist Companies and Acquirers under SEBI Takeover Regulations for making open offers in respect of the substantial acquisition of shares of listed companies.

Exit Offer

SEBI vide circular dated May 30, 2012 issued guidelines facilitating the exit of De-recognized/Non-operational stock exchanges and exit to the shareholders of exclusively listed companies (ELCs) by allowing them to get listed on national stock exchanges after complying with the diluted listing norms of nationwide stock exchanges, failing which they would be moved to the Dissemination Board (DB).

Gretex provides you with the services for the exit offer to remove your company from the Dissemination board of BSE and NSE as the options provided by SEBI.

Delisting

Delisting is totally reverse of listing. Delisting means permanent removal of securities of a listed company from a stock exchange. As a result of delisting, the securities of that company would no longer be tradeable at that stock exchange. The said removal from a stock Exchange of mainly two types i.e. Voluntary (at the will of the Company) or Compulsory (out of a penal action taken by the Stock Exchanges, for the reason of certain violations/ lapses).

We manage assignments for de-listing of shares, as per SEBI Regulations once the company decided to go private again.

Preferential Allotment

Preferential Allotment is the process by which allotment of securities/shares is done on a preferential basis to a select group of investors. The issue of Shares or Securities means equity shares, fully or partially convertible debentures or any other securities, which would be convertible or exchanged into Equity Shares.

Buy Back

Buy-Back is a corporate action in which a company buys back its shares from the existing shareholders usually at a price higher than the market price. When it buys back, the number of shares outstanding in the market reduces.

A buyback allows companies to invest in themselves. By reducing the number of shares outstanding on the market, buybacks increase the proportion of shares a company owns. Buybacks can be carried out in two ways:

  • Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the current market price. This premium compensates investors for tendering their shares rather than holding on to them.
  • Companies buy back shares on the open market over an extended period of time.
Qualified Institutional Placement

QIP is a capital-raising tool whereby a listed company can issue equity shares, fully and partly convertible debentures, or any securities other than warrants which are convertible to equity shares to a qualified institutional buyer (QIB).

A qualified institutional placement (QIP) is a way for listed companies to raise capital without having to submit legal paperwork to market regulators. QIPs are helpful as it saves time and access to capital is quicker. Further, there are fewer legal fees and no cost of listing overseas.

Corporate Finance

Valuation

We have a successful track record of providing a range of valuation services to companies across industries. Our team has an in-depth experience of diverse industries and transaction, that allows us to provide comprehensive valuations services across different context and industries with ease. The team has strong credentials of having carried out Valuations for a variety of purposes for diverse clients across Industries and valuation services as required under Income Tax Act, Companies Act, FEMA, SEBI Laws, event-based business valuations.

Private Equity

Private Equity can be broadly classified into the following categories:

  1. Leveraged Buyout (LBO)
  2. Venture Capital
  3. Distressed finding

Private equity funding is required for growth capital. It is processed by restructuring the capital structure of the company. Private equity funding is generally conducted over multiple stages and the exit route is preferable via IPO or Strategic sale.

Venture Capital

Venture capital is financing that investors provide to startup companies and small businesses that are believed to have long-term growth potential. Venture capital generally comes from well-off investors, investment banks and any other financial institutions. However, it does not always take just a monetary form; it can be provided in the form of technical or managerial expertise.

Gretex helps you to create, grow and protect your wealth at a very early stage.

Loan Syndication

Loan Syndication is a process involving a group of lenders funding a various portion of a loan for a borrower. It is used in corporate financing for funding of various events like mergers, acquisitions, buyouts etc. It includes structured and mezzanine finance and project finance.

We assist in liaising with banks, financial institutions and NBFCs for arranging project-based funding requirements to companies. Medium to long term project financing requirements can be served through debt and debt-like instruments.

Companies that are working capital intensive are in a regular requirement for day to day funds. We take care of the formalities with the lenders by way of the tie-up with company bankers and providing them with necessary explanations from time to time so that the company can concentrate on its core business activities.

Corporate Restructuring

Mergers and Acquisitions

Mergers and acquisitions (M&A) is a general term that refers to the consolidation of companies or assets through various types of financial transactions. M&A can include a number of different transactions, such as mergers, acquisitions, consolidations, tender offers, purchase of assets and management acquisitions. In all cases, two companies are involved.

Gretex provides customized financial advisory and solutions that are focused on your needs by effectively utilizing our competitive strength while executing industry-defining transactions.

Our team offers in-depth M&A advisory proficiency and deal-execution skills across a wide spectrum of products and services. We advise companies in the whole transaction process from deal generation to deal closure.

Our team-based approach allows us to maintain quality and integrity in developing and executing transactions. We also ensure the highest standards of client and transactional confidentiality.

Demergers

A de-merger is a corporate restructuring in which a business is broken into components, either to operate on their own, to be sold or to be liquidated. A de-merger (or “demerger”) allows a large company, such as a conglomerate, to split off its various brands or business units to invite or prevent an acquisition, to raise capital by selling off components that are no longer part of the business’s core product line, or to create separate legal entities to handle different operations.

Compliance Advisory

Compliance Health Check – Identify your compliance gaps

We understand that ensuring your legal compliance requirements are met is a complex and onerous task.  Compliance with the home standard in the regulatory code is a key focus for the Gretex and governing bodies need to ensure that your organisation is on track.

Our Compliance Health Check provides a structured assessment to determine the extent of compliance risks and any gaps in compliance. We check against statutory requirements and best practice, codes of practice and industry guidelines. We can tailor the service areas covered in the health check to meet your specific needs.

Secretarial  Support Services

Why a Business Needs Company Secretarial Services? A company or a corporate secretarial service is responsible for the shareholder administration and communication, corporate governance and statutory compliance. In absence of a company secretary, directors of the company must take on this responsibility.

Compliance matters are very important for any business in today’s competitive world. Failure to comply with the statutory compliance requirements is an offence and may result in fines and prosecution of the directors of the company. At Gretex, we take care of all your corporate needs from Secretarial services for compliances under SEBI (Listing Obligations and Disclosure Requirements), 2015. You just need to speak to us rather than choosing different consultants. We map the best services for you so that as a business owner you only focus on the core business.

ESOP/ESOS

The Employee Stock Option Plan (ESOP) or Employee Stock Option Scheme (ESOS) is the option or a right which is being offered by a company to its employees to purchase its shares at a pre-determined price in the future. ESOP is not an obligation rather it is a right of the employee to purchase a certain amount of share of the company as pre-decided price.

ESOP is basically a tool used by a company to retain its employees and get them awarded for being associated with the company. As a part of an employee’s compensation ESOP creates a sense of ownership in the mind of employees and their interest in the organization remains intact. ESOP plays a vital role to attract employees at the growing stage of the company.

Thus, Gretex also helps you in creating a vital relationship between you and your employees!!!!

International Finance

Loan Syndication

Loan Syndication is a process involving a group of lenders funding a various portion of a loan for a borrower. It is used in corporate financing for funding of various events like mergers, acquisitions, buyouts etc. It includes structured and mezzanine finance and project finance.

We assist in liaising with banks, financial institutions and NBFCs for arranging project-based funding requirements to companies. Medium to long term project financing requirements can be served through debt and debt-like instruments.

Companies that are working capital intensive are in a regular requirement for day to day funds. We take care of the formalities with the lenders by way of the tie-up with company bankers and providing them with necessary explanations from time to time so that the company can concentrate on its core business activities.

Off shore financing

Off Shore Financing as the term suggests is investing outside the domestic country. Primary incentives for the same are:

  1. Better ease of doing business due to less strict regulatory norms.
  2. Opportunity to be a part of the growth story of companies outside the listed space in India.
  3. Tax avoidance.

Off shore financing companies look out for countries where the marginal tax rate is less than the home country’s rate which helps in maximizing the after-tax return to the investor facilitating in wealth creation.