GCM Commodity IPO Latest News Today

GCM Commodity & Derivatives Ltd is entering in the capital markets (through BSE SME) with an initial public offering, IPO of 35,10,000 Equity Shares of Rs 10/- each aggregating upto Rs 7.02 Crore. The price for the issue has been fixed at Rs 20/- per share.

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.

The issue opens on Aug 01, 2013 and closes for subscription on Aug 05, 2013. The equity shares of the issue are proposed to be listed on the SME Platform of BSE Limited.