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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.

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

Issue OpenAug 1, 2013 - Aug 5, 2013
Issue TypeFixed Price Issue IPO
Issue Size3,510,000 Eq Shares of ₹10
(aggregating up to ₹7.02 Cr)
Face Value₹10 Per Equity Share
Issue Price₹20 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

GCM Commodity IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹120,000
Maximum16000₹120,000

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 DateFriday, April 5, 2013
BSE Script Code535431
NSE Symbol
Listing InMT
ISININE168O01026
Issue Price₹20 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
₹20.00
₹65.00
₹65.00
₹68.25
₹68.25
36,000

GCM Commodity IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

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
   9, Shiv Shakti Industrial Estate,
   JR Borica Marg,
   Lower Parel (East), Mumbai - 400 011

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

GCM Commodity IPO FAQs

  1. 1. What is GCM Commodity IPO?

    GCM Commodity IPO is an SME initial public offering of 3,510,000 equity shares of the face value of ₹10 aggregating up to ₹7.02 Crores.

    The issue price of the IPO is ₹20 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    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.

  2. 2. When GCM Commodity IPO will open?

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

  3. 3. How to apply for GCM Commodity IPO?

    GCM Commodity IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When GCM Commodity IPO allotment?

    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.

  5. 5. When is GCM Commodity IPO listing date?

    The GCM Commodity IPO listing date is on Friday, April 5, 2013, at BSE SME.

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GCM Commodity IPO Review / Comments

Pras BJ
5. Pras BJ  Nov 15, 2013 18:08 I Like It. | Report Abuse
Now GCM has given 1300 % returns post its listing..Dont believe Davda.. we are loosing out money on these IPO''s....
K L
4. K L  Sep 10, 2013 10:10 I Like It. | Report Abuse
Please inform the how much to be quantity of shares for sale and purchase of GCM Commodity & Derivative Ltd
Ahmedabad Daily
3. Ahmedabad Daily  Aug 4, 2013 12:24 I Like It. | Report Abuse
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
S.J.P
2. S.J.P  Aug 2, 2013 18:20 I Like It. | Report Abuse
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
Dilip Davda
1. Dilip Davda  Jul 31, 2013 17:06 I Like It. | Report Abuse
Minimum lot for this IPO is 6000 shares and in multiples thereof, thereafter.

Dilip Davda
SEBI registered Research Analyst
Mumbai

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