In order to raise money, Greatex Share Broking submits IPO filings with SEBI

 In order to raise money, Greatex Share Broking submits IPO filings with SEBI

Greatex Share Broking IPO | The IPO consists of an offer for sale (OFS) of 30.96 lakh shares to selling stockholders in addition to a new issuance of 1.67 crore equity shares.

To seek money via an initial public offering, Greatex Share Broking has submitted preliminary documents to SEBI, the capital markets regulator (IPO).

The IPO consists of an offer for sale (OFS) of 30.96 lakh shares to selling stockholders in addition to a new issuance of 1.67 crore equity shares, according to the draft red herring prospectus (DRHP) that was filed with Sebi on Friday.

The new issue's proceeds will be used to general company objectives and working capital needs.

Greatex Share Broking, a Mumbai-based company, underwrites capital market issues and NSDL depository participants in addition to market-making and stock broking.

The issue's only book running lead manager is Pantomath Capital Advisors. The company's equity shares are scheduled to be listed on the NSE and BSE.