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GCM Commodity IPO is a fixed price issue of Rs 7.02 crores.
GCM Commodity IPO bidding started from August 1, 2013 and ended on August 5, 2013. The shares got listed on BSE SME on April 5, 2013.
GCM Commodity IPO price is ₹20 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Inventure Merchant Banker Services Pvt Ltd is the book running lead manager of the GCM Commodity IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹20 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 3,510,000 shares (aggregating up to ₹7.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹120,000 |
| Retail (Max) | 1 | 6000 | ₹120,000 |
| Lot Size Calculator | |||
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.
The objects of the Issue are:
1. Augmenting long term working capital;
2. Acquiring Membership of MCX; and
3. Meeting Public Issue Expenses.
[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.
Read detail review...
| Listing Date | April 5, 2013 |
| BSE Script Code | 535431 |
| NSE Symbol | |
| ISIN | INE168O01026 |
| Final Issue Price | ₹20 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹20.00 |
| ₹65.00 |
| ₹65.00 |
| ₹68.25 |
| ₹68.25 |
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
Purva Sharegistry India Pvt Ltd
Phone: +91-022-23018261/ 23016761
Email: busicomp@vsnl.com
Website: https://www.purvashare.com/investor-service/ipo-query
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Check our SME IPO Guide 
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 share. The minimum order quantity is 6000 Shares.
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.
The GCM Commodity IPO opens on August 1, 2013 and closes on August 5, 2013.
GCM Commodity IPO lot size is 6000 Shares, and the minimum amount required is ₹120,000.
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, Nuvama, 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.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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