GCM Commodity & Derivatives Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,662,000 (47%) | — | ₹332 Cr |
| Retail | — | 1,662,000 (47%) | — | ₹332 Cr |
| Market Maker | — | 186,000 (5%) | — | ₹4 Cr |
| Σ Total | — | 3,510,000 (100%) | — | ₹7,020 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Acquiring Membership of MCX – 0.58
- 2 Augmenting long term working capital requirements – 6.00
- 3 Public Issue Expenses – 0.44
Company Overview
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.