GCM Securities Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,880,000 (47%) | — | ₹576 Cr |
| Retail | — | 2,880,000 (47%) | — | ₹576 Cr |
| Market Maker | — | 330,000 (5%) | — | ₹7 Cr |
| Σ Total | — | 6,090,000 (100%) | — | ₹12,180 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. Augmenting long term working capital and –
- 2. Meeting Public Issue Expenses. –
Company Overview
Incorporated in 1995, GCM Securities Ltd is engaged in the business of stock broking activities which include equity broking, investing and trading activities. They are providing broking services in Equity and Future & Options segment. They have membership in the cash and future and options segments of both BSE and NSE.
They are currently serving the corporate clients and mainly the high net worth individuals. GCM Securities is intend to expand and increase their presence in the retail segment by setting up of up additional 25 branches in Kolkata, Mumbai, Delhi, Chennai and Bikaner. They are also making investment in various companies mostly long-term and are based on an analysis of investment fundamentals.