IPO Issue Details
Issue Price / Price Band₹20 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size6,000 Shares per Lot
Total Issue Size60,96,000 shares (aggregating up to ₹12.19 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenMon, 18 Mar 2013
Subscription CloseWed, 20 Mar 2013
Anchor AllotmentSun, 17 Mar 2013
Basis of AllotmentTue, 26 Mar 2013
Initiation of RefundsWed, 27 Mar 2013
Credit of Shares to DematWed, 27 Mar 2013
Listing DateFri, 05 Apr 2013
UPI Mandate Deadline2013-03-20
Application & Investment Details
Retail — Min (1 Lots)₹1,20,000 — 6,000 shares
Retail — Max (13 Lots)₹1,560,000 (13 Lots)
HNI — Min (2 Lots)₹2,40,000 — 12,000 shares
Net Offer to Public57,66,000 shares (aggregating up to ₹11.53 Cr)
Reserved for Market Maker3,30,000 shares (aggregating up to ₹0.6600 Cr)
Pre-IPO Promoter Holding1,29,00,000 shares
Post-IPO Promoter Holding1,89,90,000 shares
About GCM Securities Ltd.
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.
Objects of the Issue
GCM Securities Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1. Augmenting long term working capital and
2
2. Meeting Public Issue Expenses.
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,29,00,000 shares
Post-IPO Promoter Holding
1,89,90,000 shares