GCM Capital Advisors BSE SME IPO opens on Monday

05 May, 2014

The Mumbai based diversified financial services company GCM Capital Advisors has come out with its public issue on Monday for subscription. It is open for three days and going to close on May 07, 2014.

The company has come out with its 45 lakh equity shares of face value of Rs 10 each for cash at a price of Rs 20 per equity share, including a share premium of Rs 10 per equity share, aggregating Rs 9 crore, as reported by financial news website Money Control.

The diversified financial services company is mainly engaged in the business of providing financial advisory and consultancy services. GCM Capital Advisors is also engaged in treasury operations by providing funding solutions to their clients both in the form of Debt & Equity and investment activities.

The equity shares offered through the prospectus are proposed to be listed on the SME platform of BSE. The issue is mainly targeted to augment long term working capital and to meet public issue expenses.

Inventure Merchant Banker Services Pvt. Ltd. will be the book running lead manager to the issue where S.K. Infosolutions Pvt. Ltd. has appointed as a registrar to this issue.