Galaxy Surfactants Limited IPO is set to open for subscription on January 29, with a price band of Rs 1470-1480 per share.
Galaxy Surfactants Limited is Mumbai, India based manufacturer of surfactants and other specialty ingredients for the personal care and home care industries. The ingredients company manufacture are commonly used in consumer-centric personal care and home care products like skin care, oral care, hair care, cosmetics, toiletries and detergent products. Galaxy surfactants product portfolio includes over 200 product grades, which are marketed to over 1,700 customers in 70 countries.
Galaxy Surfactants IPO Details
Issue Open: Jan 29, 2018 – Jan 31, 2018
Issue Type: Book Built Issue IPO
Issue Size: 6,331,674 Equity Shares of Rs 10 aggregating up to Rs 937.09 Cr
Face Value: Rs 10 Per Equity Share
Issue Price: Rs 1470 – Rs 1480 Per Equity Share
Market Lot: 10 Shares
Minimum Order Quantity: 10 Shares
Listing At: BSE, NSE
Objects of the Galaxy Surfactants limited IPO Issue:
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of Equity Shares by the Selling Shareholders.
Galaxy Surfactants Limited Company Financials:
Galaxy Surfactants Limited Company Promoters :
Mr. Unnathan Shekhar, Mr. Gopalkrishnan Ramakrishnan, Mr. Shashikant Shanbhag and Mr. Sudhir Dattaram
Patil are the Promoters of the Company.
Strengths of Company / Reasons to invest in Galaxy Surfactants IPO
- Proven R&D capabilities.
- Established Global Supplier to Major FMCG Brands.
- Professional and experienced management team
- YoY Robust financial performance.
Risk Factors / Reasons not to invest in Galaxy Surfactants IPO
- They are subject to extensive government regulation.
- Company earlier came up with IPO in 2011 which was failed as only 30% subscriptions were received.
Grey Market Price Trend as on 30 January 2017 : GMP INR 425/450, Kostak: INR 450
Disclaimer : We are not involve in buying and selling of IPO forms in IPO Grey market.Study the fundamentals of the company before applying for the IPO.