Initial Public
Offer (IPO)

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Executing Open Offers Under SEBI (SAST) Regulations

Gretex Corporate Services Team

Gretex Corporate Services Limited acts as Manager to the Offer in open offer and public acquisition transactions under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations. We support acquirers and target companies through structured execution, regulatory disclosures, documentation, and coordination across all stages of the transaction lifecycle.

Our approach is grounded in procedural discipline, timely compliance, and transparent communication, ensuring that open offer processes are conducted in accordance with applicable regulatory frameworks while facilitating efficient change in ownership and shareholder protection.

57+

Companies listed on exchanges

Ensuring disciplined execution of control transactions across companies.


30+

Industry Sectors Represented

Delivering compliant and structured open offer execution across diverse industries.


10+

Years of Capital Markets Experience

Delivering compliant and structured open offer execution across diverse industries.

Companies Listed on Stock Exchanges

*As on 10/05/2024

Total Fund Raised

Time Frame of SME IPO Listing: 2-3 months

Companies Migrated to Main Board

*As on 10/05/2024

Total Fund Raised

Recent Transactions

Company Name
Veeram Ornaments Limited
SME IPO
Issue size: ₹5.12 Cr
Listed: 5th Jan 2017
SECTOR
Gems & Jewellery
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Jash Dealmark Limited
SME IPO
Issue size: ₹5.40 Cr
Listed: 27th Mar 2017
SECTOR
Manufacturing
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Yug Decor Limited
SME IPO
Issue Size: ₹2.88 Cr
Listed: 31st May 2017
SECTOR
Manufacturing
TRANSACTION ROLE
Sole Book Running Lead Manager
Exchange
BSE SME
Company Name
Riddhi Corporate Services Limited
SME IPO
Issue Size: ₹12.35 Cr
Listed: 22nd Jun 2017
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
A & M Febcon Limited
SME IPO
Issue Size: ₹6.68 Cr
Listed: 14th Sep 2017
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Diggi Multitrade Limited
SME IPO
Issue Size: ₹3.38 Cr
Listed: 22nd Dec 2017
SECTOR
Manufacturing
TRANSACTION ROLE
Sole Book Running Lead Manager
Exchange
BSE SME
Company Name
Dhruv Wellness Limited
SME IPO
Issue Size: ₹5.57 Cr
Listed: 12th Sep 2017
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Sagar Diamonds Limited
SME IPO
Issue Size: ₹15.21 Cr
Listed: 26th Sep 2017
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Siddharth Education Services Limited
SME IPO
Issue Size: ₹10.88 Cr
Listed: 12th Oct 2017
SECTOR
??
TRANSACTION ROLE
Sole Book Running Lead Manager
Exchange
BSE SME
Company Name
Kids Medical Systems Limited
SME IPO
Issue Size: ₹6.00 Cr
Listed: 22nd Dec 2017
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
AKI India Limited
SME IPO
Issue Size: ₹6.00 Cr
Listed: 22nd Dec 2017
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Debock Sales & Marketing Limited
SME IPO
Issue Size: ₹4.44 Cr
Listed: 5th Jun 2018
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Mac Hotels Limited
SME IPO
Issue Size: ₹1.94 Cr
Listed: 4th Oct 2018
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Deep Polymers Limited
SME IPO
Issue Size: ₹15.24 Cr
Listed: 24th Aug 2018
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Aaron Industries Limited
SME IPO
Issue Size: ₹4.78 Cr
Listed: 3rd Sep 2018
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

BCPL Railway Infrastructure Limited

SME IPO

Issue Size: ₹17.01 Cr

Listed: 29th Oct 2018

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
B&B Triplewall Containers Limited
SME IPO
Issue Size: ₹19.99 Cr
Listed: 15th Oct 2018
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Suumaya Lifestyle Limited
SME IPO
Issue Size: ₹13.84 Cr
Listed: 4th Jun 2018
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Misquita Engineering Limited

SME IPO

Issue Size: ₹1.93 Cr

Listed: 4th Oct 2019

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Anuroop Packaging Limited
SME IPO
Issue Size: ₹2.64 Cr
Listed: 21st Nov 2019
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Billwin Industries Limited

SME IPO

Issue Size: ₹2.46 Cr

Listed: 30th Jun 2020

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Platinumone Business Services Limited
SME IPO
Issue Size: ₹3.89 Cr
Listed: 16th Sep 2021
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
G M Polyplast Limited
SME IPO
Issue Size: ₹8.09 Cr
Listed: 14th Oct 2020
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

NIKS Technology Limited

SME IPO

Issue Size: ₹2.01 Cr

Listed: 31st Mar 2021

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Markolines Traffic Controls Limited

SME IPO

Issue Size: ₹40.00 Cr

Listed: 27th Sep 2021

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Clara Industries Limited
SME IPO
Issue Size: ₹3.02 Cr
Listed: 29th Dec 2021
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Goel Food Products Limited

SME IPO

Issue Size: ₹7.21 Cr

Listed: 28th Jun 2022

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Sailani Tours N Travels Limited

SME IPO

Issue Size: ₹1.90 Cr

Listed: 8th Jul 2022

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Jayant Infratech Limited
SME IPO
Issue Size: ₹6.19 Cr
Listed: 13th Jul 2022
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

B-Right Realestate Limited

SME IPO

Issue Size: ₹44.36 Cr

Listed: 13th Jul 2022

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Shantidoot Infra Limited

SME IPO

Issue Size: ₹4.02 Cr

Listed: 19th Sep 2022

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Steelman Telecom Limited
SME IPO
Issue Size: ₹26.02 Cr
Listed: 10th Oct 2022
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Sudarshan Pharma Industries Limited

SME IPO

Issue Size: ₹?? Cr

Listed: ??

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
??
Company Name

Reetech International Cargo & Courier Limited

SME IPO

Issue Size: ₹11.71 Cr

Listed: 10th Oct 2022

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
ResGen Limited
SME IPO
Issue Size: ₹28.20 Cr
Listed: 13th Mar 2023
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Innokaiz India Limited

SME IPO

Issue Size: ₹21.17 Cr

Listed: 11th May 2023

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Akme Fintrade (India) Limited

Mainboard IPO

Issue Size: ₹132.00 Cr

Listed: 26th Jun 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE & NSE
Company Name
Comrade Appliances Limited
SME IPO
Issue Size: ₹12.30 Cr
Listed: 13th Jun 2023
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Retina Paints Limited

SME IPO

Issue Size: ₹11.10 Cr

Listed: 3rd May 2023

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Shelter Pharma Limited

SME IPO

Issue Size: ₹16.03 Cr

Listed: 23rd Aug 2023

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Transteel Seating Technologies Limited
SME IPO
Issue Size: ₹49.98 Cr
Listed: 6th Nov 2023
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Kalyani Cast Tech Limited

SME IPO

Issue Size: ₹30.11 Cr

Listed: 17th Nov 2023

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Interiors & More Limited

SME IPO

Issue Size: ₹42.00 Cr

Listed: 23rd Feb 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
AMIC Forging Limited
SME IPO
Issue Size: ₹34.80 Cr
Listed: 6th Dec 2023
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Zenith Drugs Limited

SME IPO

Issue Size: ₹40.68 Cr

Listed: 27th Feb 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Owais Metal & Mineral Processing Limited

SME IPO

Issue Size: ₹42.69 Cr

Listed: 4th Mar 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Retaggio Industries Limited
SME IPO
Issue Size: ₹15.50 Cr
Listed: 7th Apr 2025
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Associated Coaters Limited

SME IPO

Issue Size: ₹5.11 Cr

Listed: 6th Jun 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Rapid Multimodal Logistics Limited

SME IPO

Issue Size: ₹8.49 Cr

Listed: 30th Aug 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Trackpoint GPS Limited

SME IPO

Issue Size: ₹8.49 Cr

Listed: 30th Aug 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Shreyas Fabtech Limited

SME IPO

Issue Size: ₹8.49 Cr

Listed: 30th Aug 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

GNH India Pharmaceuticals Limited

SME IPO

Issue Size: ₹8.49 Cr

Listed: 30th Aug 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Paramount Dye Tec Limited
SME IPO
Issue Size: ₹28.43 Cr
Listed: 8th Oct 2024
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Rapid Fleet Management Limited

SME IPO

Issue Size: ₹43.87 Cr

Listed: 28th Mar 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Subam Papers Limited

SME IPO

Issue Size: ₹93.70 Cr

Listed: 8th Oct 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Flywings Simulator Training Centre Limited

SME IPO

Issue Size: ₹93.70 Cr

Listed: 8th Oct 2024

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Silky Overseas Limited
SME IPO
Issue Size: ₹30.68 Cr
Listed: 7th Jul 2025
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Moving Media Entertainment Limited

SME IPO

Issue Size: ₹43.40 Cr

Listed: 3rd Jul 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Tenty Limited

SME IPO

Issue Size: ₹43.40 Cr

Listed: 3rd Jul 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Oan Industries Limited

SME IPO

Issue Size: ₹43.40 Cr

Listed: 3rd Jul 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Omviras Marine Services Limited

SME IPO

Issue Size: TBD

Listed: TBD

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

Sellowrap Industries Limited

SME IPO

Issue Size: ₹30.28 Cr

Listed: 1st Aug 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

SSG Furnishing Solution Limited

SME IPO

Issue Size: ₹43.40 Cr

Listed: 3rd Jul 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
ARC Insulation Limited
SME IPO
Issue Size: ₹41.19 Cr
Listed: 29th Aug 2025
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Taurian MPS Limited
SME IPO
Issue Size: ₹41.19 Cr
Listed: 29th Aug 2025
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name

M P K Steels (I) Limited

SME IPO

Issue Size: ₹25.74 Cr

Listed: 6th Oct 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name

Munish Forge Limited

SME IPO

Issue Size: ₹73.92 Cr

Listed: 8th Oct 2025

SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Sureflo Techcon Limited
SME IPO
Issue Size: ₹TBD Cr
Listed: TBD
SECTOR
Manufacturing
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Acetech E Commerce Limited
SME IPO
Issue Size: ₹TBD Cr
Listed: TBD
SECTOR
E-Commerce
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Brandman Retail Limited
SME IPO
Issue Size: ₹86.09 Cr
Listed: 11th Feb 2026
SECTOR
??
TRANSACTION ROLE
Book Running Lead Manager
Exchange
NSE SME
Company Name
Vama Wovenfab Limited
SME IPO
Issue Size: TBD
Listed: TBD
SECTOR
Textiles
TRANSACTION ROLE
Book Running Lead Manager
Exchange
TBD
Company Name
Sky Alloys and Power Limited
SME IPO
Issue Size: ₹TBD Cr
Listed: TBD
SECTOR
Power & Alloys
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME
Company Name
Amazin Automation Solutions India Limited
SME IPO
Issue Size: ₹TBD Cr
Listed: TBD
SECTOR
Automation
TRANSACTION ROLE
Book Running Lead Manager
Exchange
BSE SME

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