Empowering business with Financial Solutions

An IPO is the process by which a privately held company offers its shares to the public for the first time, through listing on a recognized stock exchange. It enables companies to raise equity capital for expansion, reduce leverage, and build long-term market credibility.

The optimal time to pursue an IPO is shaped by key business fundamentals—consistent revenue growth, profitability, scalability, leadership depth, and favorable market conditions. Gretex provides a structured IPO readiness assessment to guide your decision

• Access to long-term capital
• Enhanced valuation and visibility
• Strengthened governance and transparency
• Liquidity for existing shareholders
• Greater access to institutional investors and future capital-raising opportunities

The IPO lifecycle typically spans 6 to 9 months, influenced by the company's preparedness, regulatory review timelines, and market conditions. Gretex ensures an efficient, disciplined execution at every stage

There are two main structures:

• Fresh Issue: New shares are issued to raise primary capital.
• Offer for Sale (OFS): Existing shareholders divest part of their holdings. IPOs are often structured as a combination of both to meet strategic and regulatory objectives

SEBI (Securities and Exchange Board of India) regulates the capital markets. It reviews the Draft Red Herring Prospectus (DRHP), enforces disclosure norms, and grants final approval to proceed with the public issue—ensuring investor protection throughout

Essential documents include:

• Draft Red Herring Prospectus (DRHP)
• Audited financial statements
• Legal and compliance reports
• Corporate governance disclosures

Gretex oversees the end-to-end documentation process, ensuring alignment with SEBI and exchange requirements

Pricing can be done via:

• Book Building - The price is discovered through investor demand and bidding behavior
• Fixed Price - The shares are offered at a pre-determined price

We advise on the most suitable method based on market appetite and company valuation

We manage the IPO end-to-end:

• Readiness assessment and capital structuring
• Regulatory coordination and DRHP preparation
• Investor marketing and roadshow execution
• Pricing strategy, bidding process, and final listing

Post-listing, we offer ongoing advisory support to help you thrive as a public company

We've successfully executed IPOs across diverse sectors, particularly for SMEs and growth-stage companies—on both mainboard and SME exchanges (BSE SME, NSE Emerge). Our experience spans geographies and industries

Yes. Gretex is among India's most experienced merchant bankers in the SME segment. We have a strong success record in enabling high-potential businesses from Tier 2 and Tier 3 cities to access public capital markets

Absolutely. We continue to partner with you beyond the listing—providing support on compliance, investor communications, capital markets strategy, and future fundraising initiatives