Finance Sector Stock Recommends Bonus Issue In 8:1 Ratio: Key Takeaways

Gretex Corporate Services Limited offers investment banking and corporate advisory services. It provides financial and capital market services including valuation, venture capital, corporate restructuring, and secretarial support.

It is a small cap company and has a market capitalization of Rs 31.20 crore at the time of writing the story. The board of directors of the company has recommended bonus issue recently. Check key takeaways below:

Gretex Corporate Services Recommends Bonus Issue

The board of directors have stated in the regulatory filing, "Recommended for issue upto 90,98,760 (Ninety Lakhs Ninety-Eight Thousand Seven Hundred and Sixty Only) equity shares of Rs. 10/- each as bonus shares of an aggregate nominal value upto Rs. 9,09,87,600/- (Rupees Nine Crore Nine Lakh and Eighty-Seven Thousand and Six Hundred Only), as bonus shares to the shareholders out of the Securities Premium Account of the company for distribution among the holders of existing fully paid equity shares of Rs. 10/- each of the company."

Gretex Corporate Services Bonus Ratio

The company stated further, "8 Bonus Equity Shares of Rs. 10/- each for every 1 fully Paid-up Equity Shares held as on the record date to be decided. The Bonus Equity Shares once allotted shall rank pari passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted."

Gretex Corporate Services Stock Outlook

The shares of the company gained 4.96% intraday. The current market price of the stock is Rs 274 apiece with a 52 week high of Rs 275 apiece and 52-week low of Rs 160 apiece.

Gretex Corporate Services Return

The stock has given a return of 26% in month, 14% in 3 months, 40% in 6 months, and 47% in 1 year.

Gretex Corporate Services Market Capitalization

The company has a market capitalization of Rs 31.20 crore.

Gretex Corporate Services About

Gretex is a SEBI Registered Category- I Merchant Banker with established track record of more than 6 years in the Merchant Banking field. It has earned the prestigious award as a 'Top Volume Performer for SME IPO in India in FY 2017-18 and FY 2020-21' by BSE Limited. It provides services in the space of IPO, Valuation, Corporate Advisory and other financial services.