What we do Gretex Corporate Services Ltd is a SEBI-registered Category I Merchant Banker offering capital markets, corporate finance, restructuring, debt syndication, and compliance advisory services. |
Founded in 2,008 |
Market share Leading SME IPO merchant banker, recognized multiple times as top volume performer by BSE and NSE for SME platform offerings. |
Problem solved Facilitates SME and main board companies in raising capital through IPOs, IPO advisory, restructuring, and compliance, providing stability in listing and market making support. |
Top clients or who we serve SME and main board companies across sectors such as Pharma, Manufacturing, IT, Infrastructure; B2B clients seeking listing and capital raising services. |
Key management Arvind Harlalka (Managing Director) with 28+ years capital market experience; Alok Harlalka (Whole-time Director) with 32 years finance and marketing expertise; Sumeet Harlalka with expertise in financial markets. |
Our journey and innovations Founded in 2008; registered as SEBI Category I Merchant Banker in 2014; listed as public company in 2021; executed 58+ IPOs including SME and main board; expanded services to include broking and market making. |
Where we operate Operations primarily in India with focus on NSE and BSE markets, servicing clients nationwide across major cities including Mumbai and Kolkata. |
Top products or what we offer Merchant Banking services in IPOs, FPOs, rights issues, buybacks, mergers and acquisitions advisory; Market making and broking services via subsidiary Gretex Share Broking Ltd. |
Top brands Gretex Corporate Services Limited - #1 SME merchant banker volume performer (BSE award); Gretex Share Broking Ltd - SEBI-registered market maker and stock broker. |
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Recurring vs cyclical contribution Revenue primarily from transactional capital market services, cyclical with IPO and market activity but supported by advisory and compliance retention services. |
Our industry position Among top merchant bankers for SME IPOs with multiple awards; growing presence in main board IPOs and broking enhances market position. |
Financial highlights FY25 standalone revenue Rs 34.37 Cr, net profit Rs 12.49 Cr; consolidated revenue Rs 265.7 Cr, net profit Rs 1.82 Cr; strong YoY revenue growth. |
Geographical revenue split Primarily India-based revenue from NSE and BSE markets; no significant foreign exchange earnings reported. |
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Whats driving growth Increasing SME listings, mainboard IPO mandates, new private equity projects, and integrated broking-market making services driving growth. |
Our future plans Apply for Category II AIF, expand PMS offerings, list Gretex Share Broking Ltd, and increase fundraise pipeline to Rs 20,000 Cr over 3 years. |
Our green promise Company follows principles of Green IT and emphasizes environment-friendly, sustainable operations. |
Our people and values Lean, entrepreneurial leadership with strong governance and compliance focus; programs on sexual harassment prevention and employee welfare. |
Key challenges ahead Competitive capital markets environment and regulatory compliance; maintaining growth volume and diversification of services. |
Interesting facts Delivered 58 IPOs including SME and mainboard; recognized repeatedly by BSE as top volume SME merchant banker; hold integrated broking and merchant banking capabilities. |
Risks and strategy Mitigates typical merchant banking risks through compliance, diversified financial offerings, and expanding service lines like market making and advisory. |
