GCSL · price
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Gretex Corporate Services Ltd has signed a mandate agreement with a Ferro Alloys company headquartered in West Bengal. Under this mandate, Gretex Corporate Services will assist the Ferro Alloys company in going public, with the listing planned either on the BSE SME Platform or the NSE Emerge Platform. This indicates Gretex is acting in an advisory/corporate services capacity to facilitate the IPO process for a manufacturing sector client. No financial terms or deal value were disclosed in the filing.
The mandate signals a new advisory mandate for Gretex, which may generate fee income; however, no immediate revenue impact is visible as the listing is still in the proposal stage.