De-Listing

Gretex guides listed companies through SEBI-compliant voluntary de-listing ensuring fair valuation, smooth shareholder exit, and complete regulatory coordination for a seamless transition off the stock exchange

Seamless Exit Complete Control

De-listing allows a listed company to voluntarily remove its shares from the stock exchange, offering promoters the opportunity to regain full ownership and steer the company privately. This strategic move is often driven by the need to reduce regulatory burdens, improve operational agility, or realign business goals outside the scrutiny of public markets.

At Gretex, we offer comprehensive de-listing advisory services in strict adherence to SEBI regulations—managing the entire process from structuring and due diligence to reverse book building and stakeholder communication. Our approach ensures a fair exit route for public shareholders while enabling promoters to take decisive control with confidence, transparency, and regulatory clarity.

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56+

SME IPOs Listed

16+

Sectors Served

10+

Years of Experience

The process of getting
your IPO in the market

Initial Assessment & Feasibility

We begin with evaluating financials, ownership, market position, and compliance to assess if delisting is viable and strategically sound

Board & Shareholder Approvals

We help draft resolutions and obtain necessary board and shareholder approvals while ensuring full regulatory and procedural compliance

Appointment of Intermediaries

Gretex acts as Merchant Banker and coordinates with legal, valuation, and audit experts required throughout the delisting process

Due Diligence & Valuation

We conduct due diligence and help determine a fair exit price using SEBI-approved valuation methods or RBB process

Stock Exchange Coordination

We manage filings, applications, and compliance with stock exchanges to ensure smooth delisting process and regulatory alignment

Reverse Book Building Process

We oversee RBB, where shareholders bid exit prices, and guide promoters in arriving at the final discovered price

Public Shareholder Exit & Settlement

After price discovery, we assist with payments and ensure smooth share transfer in line with SEBI settlement guidelines

Final De-listing & Post-compliance

We secure stock exchange approval for delisting and handle all post-offer formalities, disclosures, and regulatory obligations

The Gretex Story

From a vision rooted in trust and ambition, Gretex has grown into a dynamic player in the financial services space. Our journey began with a focus on capital market advisory, and over the years, we've expanded our expertise across corporate finance, restructuring, and regulatory compliance — serving a diverse clientele with dedication and precision.

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Frequently Asked Questions

What is voluntary de-listing of shares?

Voluntary de-listing is when a company, with shareholder approval, removes its equity shares from stock exchanges, in line with SEBI (Delisting of Equity Shares) Regulations, allowing promoters to take the company private.

Why do companies consider voluntary de-listing?

Companies typically de-list to reduce regulatory obligations, consolidate ownership, address undervaluation, or pursue long-term strategic realignment outside public markets.

How are shareholders protected during de-listing?

Shareholders are provided a SEBI-regulated exit opportunity, primarily through Reverse Book Building or other approved methods, ensuring pricing fairness and transparency.

What is the Reverse Book Building (RBB) process?

Reverse Book Building enables shareholders to bid a price for their shares. The final offer price is discovered through this transparent, market-driven process.

How long does the de-listing process take?

Subject to regulatory timelines and shareholder response, the full process typically spans three to six months, from announcement to final approval.

Can a company re-list after de-listing?

Yes. Re-listing is possible once the company meets SEBI's listing requirements and completes the prescribed re-application and review process.

Can firms de-list from selected exchanges?

Yes. A company may de-list from specific exchanges, but must ensure regulatory compliance and fair exit terms across all platforms.

What role does Gretex play in de-listing?

Gretex serves as a SEBI-registered Merchant Banker, managing the entire de-listing lifecycle—from strategy and structuring to compliance and execution.

Why do clients choose Gretex for de-listing?

Gretex offers deep regulatory insight, market experience, and end-to-end execution, ensuring seamless coordination with stakeholders and regulators.

What differentiates Gretex's de-listing approach?

We deliver customized strategies that reflect each client's sector, capital structure, and long-term objectives ensuring a smooth and compliant process.

Which companies has Gretex previously advised?

Gretex has advised listed companies across industries including logistics, IT, manufacturing, and textiles ranging from mid-cap to family-owned enterprises.

Can Gretex manage complex de-listing cases?

Yes. Gretex is equipped to advise on complex scenarios including multi-exchange exits, promoter restructuring, and foreign investor considerations.