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GCM Securities IPO is a fixed price issue of ₹12.19 crores. The issue is entirely a fresh issue of 0.61 crore shares of ₹12.19 crore.
GCM Securities IPO bidding started from Mar 18, 2013 and ended on Mar 20, 2013. The shares got listed on BSE SME on Apr 5, 2013.
GCM Securities 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 Securities IPO RHP for detailed Information.
| IPO Date | March 18, 2013 to March 20, 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 | 60,96,000 shares (aggregating up to ₹12.19 Cr) |
| Reserved for Market Maker | 3,30,000 shares Bindal Equities Ltd. (aggregating up to ₹0.6600 Cr) |
| Net Offered to Public | 57,66,000 shares (aggregating up to ₹11.53 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,29,00,000 shares |
| Share Holding Post Issue | 1,89,90,000 shares |
GCM Securities IPO offers total 60,90,000 shares. Out of which 28,80,000 (47.29%) allocated to NII, 28,80,000 (47.29%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,30,000 (5.42%) |
| NII (HNI) Shares Offered | 28,80,000 (47.29%) |
| Retail Shares Offered | 28,80,000 (47.29%) |
| Total Shares Offered | 60,90,000 (100.00%) |
GCM Securities IPO opens on March 18, 2013, and closes on March 20, 2013.
| IPO Open Date | Mon, Mar 18, 2013 |
| IPO Close Date | Wed, Mar 20, 2013 |
| Tentative Listing Date | Fri, Apr 5, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Mar 20, 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 1995, GCM Securities Ltd is engaged in the business of stock broking activities which include equity broking, investing and trading activities. They are providing broking services in Equity and Future & Options segment. They have membership in the cash and future and options segments of both BSE and NSE.
They are currently serving the corporate clients and mainly the high net worth individuals. GCM Securities is intend to expand and increase their presence in the retail segment by setting up of up additional 25 branches in Kolkata, Mumbai, Delhi, Chennai and Bikaner. They are also making investment in various companies mostly long-term and are based on an analysis of investment fundamentals.
| KPI | Values |
|---|---|
| RoNW | 2.59% |
The objects of the Issue are:
1. Augmenting long term working capital and
2. Meeting Public Issue Expenses.
[Dilip Davda] <p> <strong>Better keep away from this IPO</strong></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 Securities Ltd.
3B, Lal Bazar Street,
Sir R N M House,
5th Floor, Kolkata - 700 001
Kolkata, West Bengal
Phone: +91 33 2248 1053/9908
Email: gcmsecu.kolkata@gmail.com
Website: http://www.gcmsecuritiesltd.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 Securities IPO is a SME IPO of 60,96,000 equity shares of the face value of ₹10 aggregating up to ₹12.19 Crores. The issue is priced at ₹20 per share. The minimum order quantity is 6000.
The IPO opens on March 18, 2013, and closes on March 20, 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 Securities IPO using UPI as a payment gateway. Zerodha customers can apply in GCM Securities IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in GCM Securities IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The GCM Securities IPO opens on March 18, 2013 and closes on March 20, 2013.
GCM Securities IPO lot size is 6000, and the minimum amount required for application is ₹1,20,000.
You can apply in GCM Securities 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 Securities IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the GCM Securities IPO allotment status.
The GCM Securities IPO listing date is on Friday, April 5, 2013.
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