Fixed Price IPO | ₹7 Cr | Listed at BSE SME | Thu, Aug 1, 2013 - Mon, Aug 5, 2013
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Aug 1, 2013
IPO Close
Mon, Aug 5, 2013
Issue Price
₹20 per share
Market Cap (Pre-IPO)
₹14.85 Cr
| IPO Date | 1 to 5 Aug, 2013 |
| Listed on | Fri, Apr 5, 2013 |
| Face Value | ₹10 per share |
| Issue Price | ₹20 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 35,10,000 shares (agg. up to ₹7 Cr) |
| Reserved for Market Maker | 1,86,000 shares Bindal Equities Ltd. (agg. up to ₹0.3720 Cr) |
| Fresh Issue (Ex Market Maker) | 33,24,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 33,24,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 39,17,000 shares |
| Share Holding Post Issue | 74,27,000 shares |
| BSE Script Code | 535431 |
| ISIN | INE168O01026 |
GCM Commodity IPO comprises a total issue size of 35,10,000 shares. The net offer to the public is 33,24,000 shares, after excluding 1,86,000 shares allotted on a firm basis. Of the Net offer 16,62,000 (50.00%) allocated to NII 16,62,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 16,62,000 | 50.00% | 47.35% |
| Retail Shares Offered | 16,62,000 | 50.00% | 47.35% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,86,000 | 5.30% | |
| Total Shares Offered | 35,10,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquiring Membership of MCX | 0.58 |
| 2 | Augmenting long term working capital requirements | 6.00 |
| 3 | Public Issue Expenses | 0.44 |
| KPI | |
|---|---|
| RoNW | 1.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 52.74% |
| Market Cap | ₹14.85 Cr. |
Sorry, we couldn't find the subscription details. Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including fees and reimbursements of Market Making Fees, selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, Bankers etc and other out of pocket expenses | 0.29 |
| 2 | Printing & Stationery and Postage Expenses | 0.05 |
| 3 | Marketing and Advertisement Expenses | 0.05 |
| 4 | Regulatory fees and other expenses | 0.05 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹20.00 |
| Open | ₹65.00 |
| Low | ₹65.00 |
| High | ₹68.25 |
| Last Trade | ₹68.25 |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
GCM Commodity IPO is a SME IPO of 35,10,000 equity shares of the face value of ₹10 aggregating up to ₹7 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on Thu, Aug 1, 2013, and closes on Mon, Aug 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 Thu, Aug 1, 2013 and closes on Mon, Aug 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 Fri, Apr 5, 2013.
