Galaxy Surfactants Limited IPO, Galaxy Surfactants IPO Details

By | February 9, 2018
Galaxy Surfactants Limited IPO, Galaxy Surfactants IPO, Galaxy Surfactants IPO Allotment Status, DRHP, Prospectus, Size, Date, Price, Galaxy Surfactant IPO GMP, Grey Market Premium, Review, Galaxy Surfactants Ltd IPO Subscription, Financials, Listing Date, and other details.

Galaxy Surfactants IPO

According to the latest news, the Specialty chemical maker Galaxy Surfactants Ltd has notified the exchanges that it will launch its initial public offering (IPO) by the end of January 2018. The company has issued the notification that it will float an IPO from 29th January 2018 to 31st January 2018. The company had filed for the IPO in November 2017 and it got approval from Securities and Exchange Board of India (SEBI) on 12th January 2018. As soon as it got approval from the market regulator SEBI, it decided to launch an IPO. As per the records, as many as 46 companies had received approval for IPOs in 2017.

The company has also decided the price band of the Galaxy Surfactants IPO. The price band of the IPO of Galaxy Surfactants is fixed between Rs. 1470 – Rs. 1480 Per Equity Share. The lot size of the IPO is 10 shares and in multiples thereof.

The issue is purely an offer-for-sale wherein as many as 307 shareholders, including promoter and promoter-group company, will sell over 63.31 lakh shares. The company had earlier tried to raise money from the stock markets in May 2011. The company was planning to raise up to Rs. 201 crore by selling 25% of the company’s shares. But the subscription of the IPO was not up to mark and company was forced to withdraw its IPO one day ahead of the closure of the IPO. The IPO had only subscribed 30% bids in 2011.

If you want to know more about Galaxy Surfactants IPO Allotment, Galaxy Surfactants IPO Subscription Details, Galaxy Surfactants Financials, IPO Size, Price and more at the given space of the website.

Galaxy Surfactants IPO

About the company:  Galaxy Surfactants Ltd is a leading manufacturer of surfactants and other specialty ingredients. The company was founded in 1986 and it is based in Mumbai. The company makes products for personal care and home care industries such as inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products. It has a global footprint in 70 countries with 1,700 customers and over 200 product grades. Leading multinational, regional and local players in the home and personal care industries are the customer of Galaxy Surfactants. Some of the big clients are Cavinkare, Colgate-Palmolive (India), Dabur India, Henkel, Himalaya, L’oreal, Procter & Gamble, Reckitt Benckiser, Ayur Herbals, Jyothy Laboratories and Unilever.

Following is the list of Galaxy Surfactants product groups:

  1. Performance Surfactants: Anionic surfactants and Non-ionic surfactants.
  2. Speciality Care Products: Amphoteric surfactants, Cationic surfactants, UV filters, Preservatives, Preservative blends, Surfactant blends, Mild surfactants, Syndet and transparent bathing bars and proteins, Fatty acid alkanolamides and Fatty acid esters, and other care products.

Company Promoters: Mr. Unnathan Shekhar, Mr. Gopalkrishnan Ramakrishnan, Mr. Sudhir Dattaram Patil And Mr. Shashikant Shanbhag

Objects of the Issue

  • Achieve the benefits of listing the Equity Shares on the Stock Exchanges.
  • Sale of Equity Shares by the Selling Shareholders.
  • Enhance companies visibility and brand image.

Note: Proceeds of the Offer will go to the Selling Shareholders, Galaxy Surfactants will not directly receive any proceeds of the Offer.

Galaxy Surfactants IPO Grey Market Premium, Rates, GMP Price

DateGMPKostak RateSauda
23 Jan 2018Rs. 525Rs. 550
07 Feb 2018Rs. 60

Galaxy Surfactants IPO, Date, Allotment, Price, Lot Size, Subscription, Listing

NameGalaxy Surfactants Limited
Open Date29 January 2018
Close Date31 January 2018
Allotment Date06 February 2018
Refund Date
Listing Date
Issue PriceRs. 1470 – Rs. 1480 Per Equity Share
Lot Size10 Shares
Minimum Order Quantity10 Shares
Issue TypeBook Built Issue IPO
Issue Size6,331,674 Equity Shares of Rs 10 aggregating up to Rs 937.09 Crore
Lead ManagerEdelweiss Capital Limited, ICICI Securities Limited, JM Financial Consultants Private Limited
RegistrarLink Intime India Private Ltd
Listing atNSE / BSE

IPO Poll

Would you apply to the Galaxy Surfactants IPO?

  • Yes (82%, 325 Votes)
  • No (18%, 71 Votes)

Total Voters: 396

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Galaxy Surfactants IPO Price

Navi Mumbai based specialty chemicals company, Galaxy Surfactants has fixed price band between Rs. 1,470 and Rs. 1,480 per equity share for its IPO. The company is planning to raise around Rs. 937 crores.

Galaxy Surfactants IPO Date

The IPO of the company will be open for the subscription from 29 January 2018 to 31 January 2018.

Financials

DateTotal RevenueTotal ExpensesProfit after Tax
31 March 2017Rs. 2,171.7Rs. 1,967.4Rs. 146.3
31 March 2016Rs. 1,808.8Rs. 1,645.3Rs. 102.7
31 March 2015Rs. 1,876.0Rs. 1,763.7Rs. 67.5
31 March 2014Rs. 1,701.6Rs. 1,578.5Rs. 76.0
31 March 2013Rs. 1,582.3Rs. 1,563.4Rs. 0.3
**(All Figures in Rs. Crores)
Valuations

  • Earnings Per Share (EPS): Rs. 41.27
  • Price/Earnings (P/E) ratio: Rs. 35.61 – Rs. 35.86
  • Return on Net Worth (RONW): 28.68%
  • Net Asset Value (NAV): Rs. 161.51

Galaxy Surfactants IPO Subscription Details

CategorySHARES OFFERED29 January 201830 January 201831 January 2018
RII22160860.441.956.01
NII9497520.010.196.96
QIB12663362.7110.9054.27
Total44321741.004.1320.00

Lead Managers

Galaxy Surfactants has chosen Edelweiss Capital Limited, ICICI Securities Limited, JM Financial Consultants Private Limited as lead managers to the issue.

Registrar

Link Intime India Private Ltd is the registrar of Galaxy Surfactants IPO.

Link Intime India Private Ltd

  • Telephone: +91-22-25963838
  • Fax: +91-22-25946969
  • Email: [email protected]
  • Website: www.linkintime.co.in

Galaxy Surfactants IPO Allotment Status

The IPO allotment of Galaxy Surfactants IPO will be announced on Link Intime’s website. The expected allotment date of the IPO is 06 February 2018.

Listing Date

Listing Date Update: The listing date of Galaxy Surfactants IPO is 08th February 2018. Will be updated soon.

Listing Day Figures (08 February 2018)

 BSE (540935)NSE (GALAXYSURF)
IPO PriceRs. 1,480Rs. 1,480
OpenRs. 1,520Rs. 1,525
HighRs. 1,732Rs. 1,735
LowRs. 1,520Rs. 1,525
CloseRs. 1,698.10Rs. 1,700.45
DiffrenceUp Rs. 218.10 (+14.74%)Up Rs. 220.45 (+14.90%)

Galaxy Surfactants Limited Address

Registered Office and Corporate Office: C-49/2 TTC Industrial Area,
Pawne, Navi Mumbai – 400 703

Telephone: +91 22 2761 6666
Fax: +91 22 2768 6523
E-mail: [email protected]
Website: www.galaxysurfactants.com

IPO DRHP / Prospectus

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