Gretex Share Broking has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO). The IPO is a combination of fresh issue of 1.67 crore equity shares and an offer-for-sale (OFS) of 30.96 lakh shares by selling shareholders.
Proceeds from the fresh issue would be used towards working capital requirements and for general corporate purposes. Pantomath Capital Advisors is the sole book running lead manager to the issue. Equity shares of the company will be listed on the BSE and NSE.
The company is engaged in the business of market making and stock broking, underwriting capital markets issuances and depository participants of NSDL.