August 1, 2013 - August 5, 2013

GCM Commodity IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

GCM Commodity IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

GCM Commodity IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

GCM Commodity IPO Review by Dilip Davda (Avoid)

[Dilip Davda]

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.

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