Key Points
Mumbai-based stock broking company Gretex Share Broking has filed its Draft Red Herring Prospectus (DRHP) with the capital markets regulator SEBI for an initial public offering (IPO)..
The IPO, with a face value of 10, comprises a fresh issue of 16.78 million equity shares and an offer-for-sale (OFS) of 3.096 million shares by selling shareholders..
The offer for sale comprises up to 8.58 lakh shares by Sashi Harlalka, up to 8.58 lakh shares by Sumeet Harlalka, and up to 13.80 lakh shares by Alok Harlalka HUF..
The offer is being made through the book-building process, wherein not more than 50% of the offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual investors..
The company, in consultation with the book-running lead managers, may consider undertaking a further offer of equity shares of up to 33.12 lakh equity shares as "Pre-IPO placement"..
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