Latest news with #GretexCorporateServices
Economic Times
03-07-2025
- Business
- Economic Times
Moving Media Entertainment IPO to list today. GMP hovers at 22% over issue price
Moving Media Entertainment is all set to make its debut on the NSE SME platform on July 3 following a Rs 43.40 crore IPO that garnered substantial investor attention. The GMP ahead of listing stands at Rs 16 over the issue price of Rs 70, indicating a potential listing gain of over 22%. ADVERTISEMENT The company's IPO, which was open from June 26 to June 30, comprised a pure fresh issue of 62 lakh equity shares. The price was fixed at Rs 70 per share, with a minimum lot size of 2,000 shares. Gretex Corporate Services acted as the book-running lead manager for the issue, while Maashitla Securities was the registrar. Founded in 2022, Moving Media Entertainment is engaged in the rental of high-end film and television production equipment such as cameras, lenses, lighting gear, sound systems, and accessories. The company services a wide clientele, including leading production houses like Star India, Celebframe Entertainment, Colosceum Media, and Sunshine Pictures. Its competitive strength lies in owning its inventory—unlike many peers—offering the latest models from top-tier brands to advertising agencies, filmmakers, OTT platforms, and event companies. The company also provides customized rental solutions and a responsive logistics network across India. ADVERTISEMENT The company saw its revenue jump 59% to Rs 37.06 crore in FY25 from Rs 23.38 crore in FY24. Net profit for FY25 came in at Rs 10.4 crore, up marginally from Rs 10.09 crore in the previous from the IPO will be used for investment in advanced camera solutions, debt repayment, and general corporate purposes. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Business Standard
17-05-2025
- Business
- Business Standard
Gretex Corporate Services reports consolidated net loss of Rs 17.10 crore in the March 2025 quarter
Sales rise 11.16% to Rs 59.87 crore Net loss of Gretex Corporate Services reported to Rs 17.10 crore in the quarter ended March 2025 as against net profit of Rs 8.98 crore during the previous quarter ended March 2024. Sales rose 11.16% to Rs 59.87 crore in the quarter ended March 2025 as against Rs 53.86 crore during the previous quarter ended March 2024. For the full year,net profit declined 95.21% to Rs 1.30 crore in the year ended March 2025 as against Rs 27.15 crore during the previous year ended March 2024. Sales rose 137.51% to Rs 258.86 crore in the year ended March 2025 as against Rs 108.99 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 59.8753.86 11 258.86108.99 138 OPM % -20.4829.69 - 0.5335.50 - PBDT -23.0116.89 PL 7.6848.73 -84 PBT -23.6916.39 PL 5.0447.14 -89 NP -17.108.98 PL 1.3027.15 -95
