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GCM Commodity IPO is a fixed price issue of ₹7.02 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹7.02 crore.
GCM Commodity IPO bidding started from Aug 1, 2013 and ended on Aug 5, 2013. The shares got listed on BSE SME on Apr 5, 2013.
GCM Commodity IPO price is ₹20.00 per share . The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (6000 shares). The minimum lot size investment for HNI is 2 lots (12,000 shares), amounting to ₹2,40,000.
Inventure Merchant Banker Services Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The market maker of the company is Bindal Equities Ltd..
Refer to GCM Commodity IPO RHP for detailed Information.
| IPO Date | August 1, 2013 to August 5, 2013 |
| Listing Date | April 5, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 35,10,000 shares (aggregating up to ₹7.02 Cr) |
| Reserved for Market Maker | 1,86,000 shares Bindal Equities Ltd. (aggregating up to ₹0.3720 Cr) |
| Net Offered to Public | 33,24,000 shares (aggregating up to ₹6.65 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 39,17,000 shares |
| Share Holding Post Issue | 74,27,000 shares |
GCM Commodity IPO offers total 35,10,000 shares. Out of which 16,62,000 (47.35%) allocated to NII, 16,62,000 (47.35%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,86,000 (5.30%) |
| NII (HNI) Shares Offered | 16,62,000 (47.35%) |
| Retail Shares Offered | 16,62,000 (47.35%) |
| Total Shares Offered | 35,10,000 (100.00%) |
GCM Commodity IPO opens on August 1, 2013, and closes on August 5, 2013.
| IPO Open Date | Thu, Aug 1, 2013 |
| IPO Close Date | Mon, Aug 5, 2013 |
| Tentative Listing Date | Fri, Apr 5, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 5, 2013 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,20,000 |
| Retail (Max) | 1 | 6,000 | ₹1,20,000 |
| HNI (Min) | 2 | 12,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2005, GCM Commodity & Derivatives Ltd is currently engaged in the business of investing in National Spot Exchange Limited (NSEL) Investment Products for arbitrage opportunities and commodity broking. Company provides commodity broking facilities through its membership of NSEL. The Company become the Trading-cum-Clearing member of National Spot Exchange Limited and started the commodity broking business in May 2013. In the past the Company was engaged in the business of Commodity and Equity Trading.
NSEL Investment Products offer a unique low risk high return investment opportunity in the commodities market for Indian resident investors. They also plan to take the Membership of Multi Commodity Exchange of India Limited (MCX) out of the proceeds of the IPO.
| KPI | Values |
|---|---|
| RoNW | 1.36% |
The Company GCM Commodity IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Acquiring Membership of MCX | 0.58 |
| 2 | Augmenting long term working capital requirements | 6.00 |
| 3 | Public Issue Expenses | 0.44 |
[Dilip Davda] <p>As for the merchant banker, this is the third SME offer from it. Inventure group has established itself as the mega player in stock market as it has operated in its parent company’s shares Inventure Growth post listing and has also done similar operations in past two SME offers of Bronze Infra-Tech and GCM Securities. This may lure speculative investors for investment in this offer, but others should stay away from this pricy offer that is made at a P/E of 40 plus.</p> Read detail review...
| Listing Date | April 5, 2013 |
| BSE Script Code | 535431 |
| NSE Symbol | |
| ISIN | INE168O01026 |
| Final Issue Price | ₹20 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹65.00 |
| Low | ₹65.00 |
| High | ₹68.25 |
| Last Trade | ₹68.25 |
GCM Commodity & Derivatives Ltd.
3B, Lal Bazar Street,
Sir R N M House,
5th Floor,
Kolkata, West Bengal, 700001
Phone: +91 33 3028 5807
Email: info@gcmcommo.com
Website: http://www.gcmcommo.com
Purva Sharegistry (India) Pvt.Ltd.
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
GCM Commodity IPO is a SME IPO of 35,10,000 equity shares of the face value of ₹10 aggregating up to ₹7.02 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on August 1, 2013, and closes on August 5, 2013.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in GCM Commodity IPO using UPI as a payment gateway. Zerodha customers can apply in GCM Commodity IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GCM Commodity IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GCM Commodity IPO opens on August 1, 2013 and closes on August 5, 2013.
GCM Commodity IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in GCM Commodity IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for GCM Commodity IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the GCM Commodity IPO allotment status.
The GCM Commodity IPO listing date is on Friday, April 5, 2013.
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