Greatex Corporate Services Limited is a small-cap company with a market capitalization of Rs. 59.14 Crore It works in Financial Services Industry. One of the top financial consulting companies in India, Gretex Corporate Services provides IPO, Valuation, Corporate advice and other financial services. A year after its IPO, the company announced its first bonus shares in the ratio of 8:1. The board of directors of the corporation has made the record date public to ascertain whether the shareholders are eligible for bonus shares.
The company said in a regulatory filing that “this is to inform that in accordance with Regulation 42 of SEBI (Listing Obligation and Disclosure Requirements) 2015, the company has set Tuesday, October 11, 2022, as the “record date”. Objectives to ensure the entitlement of shareholders to issue fully paid-up bonus shares in the ratio of 8:1. 10/- as on the record date mentioned above).”
The company decided to issue 90,98,760 equity shares at a price of Rs. 10, for a total proposed issue price of Rs. 9,09,87,600. According to the company, the bonus shares will be credited or distributed by October 31, 2022.
Ex-Bonus Share Capital: The authorized equity share capital of Rs. 1,20,00,000/- has a face value of Rs. 10/- per share. The issued equity share capital will be of Rs. 1,13,73,450/- has a face value of Rs. 10/- per share. The paid-up share capital of Rs. 1,13,73,450/- has a face value of Rs. 10/- per share.
The post-bonus paid-up share capital is expected to be around: The authorized equity share capital of Rs. 11,000,00,000/- has a face value of Rs. 10/- per share. The issued equity share capital will be of Rs. 10,23,61,050/- has a face value of Rs. 10/- per share. The paid-up share capital of Rs. 10,23,61,050/- has a face value of Rs. 10/- per share.
The last record trading of the stock on BSE was on September 29 at the price of 520.00 per share. In the last 1 year, the stock has given a multibagger return of 151.21% and on YTD basis, the stock has given a multibagger return of 151.45% so far in 2022. On BSE, stock had touched 52-week-high 607.00 on (20/09/2022) and 52-week low of At 160.00 (29/03/2022), it shows that the stock is trading 14.33 percent below the high and 225% above the low at the current price level. For the quarter ended March 2022, the company recorded promoter shareholding of 73.48% and public shareholding of 26.52%. Promoter stake at current level is much higher than its peers like Computer Age Management Services and Central Depository Services (India) Ltd.
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