Gretex Corporate Services Limited, a SEBI-registered merchant banker, is migrating to the mainboard, a move anticipated by market watchers that reflects its evolved operational scale since its initial listing on BSE SME.
About the Company
Incorporated in 2008, Gretex Corporate Services Limited provides financial advisory and capital market services, including corporate finance, restructuring, valuations, and compliance advisory. The company has expanded its operations over the years from project finance advisory to a wider range of financial services with a presence across India. As of August 31, 2025, the company’s market capitalization stood at approximately ₹581 crore.
Significance of Main Board Migration
Migration from SME platforms to the Main Board typically reflects a company’s growth in scale, financial performance, and compliance readiness. It provides listed entities with broader market participation, enhanced visibility, and access to a wider investor base, including institutions. Companies applying for migration are also required to meet stricter eligibility and disclosure standards applicable to Main Board entities.
Industry Context
Over the past few years, several SME-listed companies have pursued Main Board migration, highlighting the sector’s progression and maturity. Analysts generally view such transitions as a reflection of business scalability and the ability to align with the governance framework of the larger listed space.
Looking Ahead
The migration of Gretex Corporate Services Limited would mark a new phase in its journey as a listed entity, aligning the company with the regulatory and operational framework of India’s Main Board markets.