|Basis of Allotment|
(This is only an advertisement for Information purposes and not a Prospectus announcement.)
GCM COMMODITY & DERIVATIVES LIMITED
Our Company was incorporated as 'GCM Commodity & Derivatives Private Limited' a private limited company under the Companies Act, 1956 pursuant to Certificate of Incorporation dated April 26, 2005 issued by the Registrar of Companies, West Bengal. Subsequently our Company was converted into a public limited company and the name of our Company was changed to 'GCM Commodity & Derivatives Limited' pursuant to a Fresh Certificate of Incorporation dated June 14, 2013 issued by the Registrar of Companies, West Bengal. Our corporate identification number is U74999WB2005PLC102819. For further details of our Company, please refer to the chapters titled 'General Information' and 'History and Certain Corporate Matters' beginning on page numbers 27 and 66, respectively, of the Prospectus.
Registered Office: 3B, Lal Bazar Street, Sir R N M
House, 5th Floor, Kolkata - 700 001, West Bengal.
OUR PROMOTERS: GCM SECURITIES LIMITED, MR. INDER CHAND BAID, MR. MANISH BAID AND MR. SAMIR BAID
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 35,10,000 EQUITY SHARES OF RS.10 EACH ("EQUITY
SHARES") OF GCM COMMODITY & DERIVATIVES LIMITED (THE "COMPANY" OR THE
"ISSUER") FOR CASH AT A PRICE OF RS. 20 PER EQUITY SHARE, INCLUDING A SHARE
PREMIUM OF RS. 10 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 702 LACS
("THE ISSUE"), OF WHICH 1,86,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH WILL
BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKERS TO THE ISSUE (THE "MARKET MAKER
RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATTION PORTION I.E. ISSUE OF
33,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 20 PER
EQUITY SHARE AGGREGATING RS. 664.80 LACS IS HEREINAFTER REFERED TO AS THE "NET
ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 47.26% AND 44.76% RESPECTIVELY OF
THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE
PRICE OF RS. 20 IS 2 TIMES OF THE FACE
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company had received an approval letter dated July 19, 2013 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from Wednesday, August 14, 2013*.
'Subject to receipt of listing and trading approvals from the BSE Limited.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category is made in terms of Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue shall initially be made available for allotment to Retail Individual Investors. The balance Net Issue shall be made available for allotment to individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. The unsubscribed portion of the Net Issue to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. If the retail individual investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").
The Issued has received 373 applications Tor 51,84,000 Equity Shares resulting in 1.48
times subscription (including reserved portion of Market Maker). The details of the
applications received in the Issue (before technical rejections and after cheque returns)
are as follows:
The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below:
Technical rejection / Withdrawal
After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:
After technical rejections
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange
- BSE Limited on August 12, 2013.
C. Allocation to Other than Retail Individual Investors (After Technical Rejections):
The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs.
20/-per Equity Share, was finalised in consultation with BSE. The category was subscribed
1.91 times. The total number of shares allotted in this category is 16,62,000 Equity
The Board of Directors of the Company at its meeting held on August 12, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to
the address of the Applicants as registered with the depositories on August 13, 2013.
Further, the instructions to Self Certified Syndicate Banks have been dispatched on or
prior to August 13, 2013. In case the same is not received within 10 days, investors may
contact at the address given below. Refunds have been made through Direct credit, RTGS and
NEFT, into the Bank Accounts of the applicants, as registered with the depositories. For
other applicants Refund Orders have been dispatched to their address as registered with
the depositories. In case the same is not received within ten days, investors may contact
at the address given below. The Refund Orders have been over-printed with the Bank Mandate
details as registered, if any, with the depositories. The Equity Shares allocated to
successful applicants are being credited to their beneficiary accounts subject to
validation of the account details with the depositories concerned. The Company is taking
steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited
within twelve working days from the date of the closure of the Issue. Note: All
capitalized terms used and not defined herein shall have the respective meaning assigned
to them in the Prospectus dated July 24, 2013 ('Prospectus').
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
No. 9, Gr. Floor, Shiv Shakti Ind. Estate, J. R. Boricha Marg, Lower Parel,
THE LEVELOF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF GCM COMMODITY & DERIVATIVES LIMITED.