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GCM Commodity & Derivatives Ltd IPO (GCM Commodity IPO) Detail

Aug 1, 2013 - Aug 5, 2013

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.

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Company Promoters:

The Promoters of the Company are:

Individual Promoter:

1. Mr. Inder Chand Baid
2. Mr. Manish Baid
3. Mr. Samir Baid

Corporate Promoters:

4. GCM Securities Limited

Objects of the Issue:

The objects of the Issue are:

1. Augmenting long term working capital;
2. Acquiring Membership of MCX; and
3. Meeting Public Issue Expenses.

GCM Commodity IPO Details

IPO Opening Date Aug 1, 2013
IPO Closing Date Aug 5, 2013
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹20 per equity share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
Issue Size3,510,000 Eq Shares of ₹10
(aggregating up to ₹7.02 Cr)

GCM Commodity IPO Lot Size

The GCM Commodity IPO market lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

GCM Commodity IPO Review

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.

Read detail review...

GCM Commodity IPO Prospectus

GCM Commodity IPO Rating

13
4.2
Rating:Rated 4.2 stars
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GCM Commodity IPO Listing Date

Listing Date Friday, April 5, 2013
BSE Script Code 535431
NSE Symbol
Listing In MT Group of Securities
ISIN INE168O01026
IPO Price ₹20 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹20.00
₹65.00
₹65.00
₹68.25
₹68.25

Company Contact Information

GCM Commodity & Derivatives Ltd
3B, Lal Bazar Street,
Sir R N M House, 5th Floor,
Kolkata - 700 001, West Bengal
Phone: +91 33 3028 5807
Email: info@gcmcommo.com
Website: http://www.gcmcommo.com

GCM Commodity IPO Registrar

Purva Sharegistry India Pvt Ltd

Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: http://www.purvashare.com

GCM Commodity IPO Reviews / Ratings

GCM Commodity IPO FAQs

GCM Commodity IPO is a SME IPO of 3,510,000 equity shares of the face value of ₹10 aggregating up to ₹7.02 Crores. The issue is priced at ₹20 per equity share. The minimum order quantity is 6000 Shares.

The IPO opens on Aug 1, 2013, and closes on Aug 5, 2013.

Purva Sharegistry India Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The GCM Commodity IPO opens on Aug 1, 2013 and closes on Aug 5, 2013.

GCM Commodity IPO lot size is 6000 Shares and the minimum order quantity is 6000 Shares.

You can apply in GCM Commodity IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.

GCM Commodity IPO Message Board

Ranked Members  Ranked Members

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5 Comments

5. Pras BJ |Nov 15, 2013 7:08:56 PM
Now GCM has given 1300 % returns post its listing..Dont believe Davda.. we are loosing out money on these IPO''s....
4. K L |Sep 10, 2013 11:10:14 AM
Please inform the how much to be quantity of shares for sale and purchase of GCM Commodity & Derivative Ltd
3. Ahmedabad Daily |Aug 4, 2013 1:24:42 PM
SJP
do not apply in this ipo. it will open on around rs. 14-15 bec of nsel scam
they are doing business only in nsel.
avoid this ipo
2. S.J.P |Aug 2, 2013 7:20:34 PM
DAVDA SIR, GCM COM.SME IPO ME FORM BHARNE KA HO TO KAISE BHAR SAKTE HAI MERA DMAT AC SMC GLOBAL ME HAI CDSL AC AHMEDABAD MEIN KISI KE PASS KOI JANKARI NAHI HAI TO AAP BATA SAKTE HAI KAISE OR KIS TARAH SE BHAR SAKTE HE
1. Dilip Davda |Jul 31, 2013 6:06:08 PM
Minimum lot for this IPO is 6000 shares and in multiples thereof, thereafter.

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews