Galaxy Surfactants Limited IPO Message Board (Page 19)

Can anyone have idea of galaxy GMP?
Is it open in premium or discount?

Look there was a time when this galaxy ipo was offered at P/e multiple of 17 and still was rejected. Now this was offered at double the multiple and still was subscribed 55 times in qib category. Why the difference. This is not just one incident. Across sectors stocks which were at around 10 to15 PE multiple four years back are now trading at double of that. Where this confidence are coming from. Why people are rushing to buy these stock at such high PE. From where they are getting such confidence. Last year foreign investor pumped in five billion dollars in insurance company ipo. This year too a lakhs crores of ipo to hit the street too. Today the whole world is going gung,- ho on india potential. So I think what we need is little patience .

Ab aage kya hoga

Latest gmp

Nifty 10300

Dear All,

Keep an eye on good large caps which u ever aspired to own but were too costly. Who knows this correction may give you an opportunity to fulfill your aspirations and help in generating wealth for u.

Enough guys..u r reacting like standard 12 people..i think this page is for discussing galaxy ipo..not ur dil ki bhadaas on budget..can anyone here who is criticizing the budget change the things? Noo..so prepare for the worst..anything that is new receives criticism.. Slowly it becomes routine..so better stop this nuisance and find ways to increase ur wealth..cheers..

Dear Team,

Enough halla on LTCG thing_ , I''ve always said to stay away from noise but Most of the Investors don''t seem to listen.

*Firstly*, Implementation of LTCG tax was long due, it is already there in majority of countries in world so nothing new has been Implemented here in India. Or waise bhi, LTCG was not there for a long long time, *Kitna fayda uthaya aap logon ne iska ????*

*Secondly* we people will still b paying 10-30% Tax at our 6.5% Return generating FDs but ironically we have a huge problem with 10% Tax on Equity which is generating 15-25% Returns in out Portfolios !!! *Sheer Madness !! Isn''t it ????*

*Thirdly* *,Some are saying that PF will now gain popularity, I say Yes it will but only for those who *all along failed in their MATHS class in Schools*. bcoz MATHS says *15% is still > then 8%, even after Taxation.*

*We have a data on PPF vs ELSS for last 20 Years, It clearly shows that 20 lac Invested in PPF in last 20 Yrs is now approx. *58 Lacs* & *20 Lac Invested in ELSS in last 20 Years is now more than *5 Crores, even after taxation it comes out to be 4.5 Crores. To everybody is smart enough to know what figure he/she wants.*

Just tell me one thing, If tomorrow _Income Tax rate changes to 40% will u stop working/earning ???_

*I guess no !!!* So stop focusing on noise, Focus on creating a large base to Capture that 15-20% CAGR in coming years.

*Tax tabhi dena hai jab Kamai hogi !!!*

*So think Rationally n Stay on Course to ur Financial Freedom.*

*Believe me 5 Crore ki! jagah 4.5 Crore bhi milenge tax kaat ke to bhi u will b Financially Free. So Chill n Happy Investing !!!* ????????????

Love it when people talk about long term but fail to see the long term. 10% may seem paltry today when compared to the "huge" return few of us are making. But in the long term, is there a guarantee that this 10% will not become 30%? They have got a foot in the door with this "small" tax. But it sets a precedent.

Btw no one is talking about parity with salaried class. Exemption for those below Rs.1 lakh should be increased to 2.5 lakh, just as a matter of principle.

Lol @ how they continue to go after every investment option that can possibly yield in excess of 7% and aspire to tax existing tax payers to death. Btw.. are all farmers poor? I''m sure there must be those super rich ones including the politicians who own chunks of land and attribute their income to that source to enjoy their tax free life..

One cant expect to hear a thing apart from the word ''tax'' whenever these guys open mouth....

First time ever I am praying God for non allotment in Galaxy IPO. If allotted, going by current market conditions, it may list 200-300 below issue price.

Always prayed for allotment and now praying for non allotment. Tragic.

If u think so, why don''t u cancel your bid by giving written request to Registrar - Linkintime before finalization of basis of allotment.

V for ........lu

I want 24*7 cheap electricity, cheap goods, cheap Petrol, good roads, cheap train tickets and Army to guard boarders but for God sake dont ask me to pay taxes. Otherwise I will vote, Kejriwal, Lalu, Mamta or Mulayam.
- Great Indian Citizen

I have been a tax payer for last 35 years and religiously pay STCG on every transactions even if gain is 1 rs or 10000 rs. But I as a tax payer hate and refuse be taken for granted by governmeny. govt cannot levy a tax from middle of previous financial year when the budget is for next financial year. tell me any country where govt says that citizens have to pay a new tax from the day of budget. This gov is taking every citiZens for granted with every decision whether it is LTCG or demonetization. Satta sir par chadh hai hai aur kuch nahi.

2019 elections will be eye opener. Same complacency and over confidence routed congress in 2013.

Big lol , Vedanta.73INR Petrol cover 34 INR tax .Haaaa haaa

When common man started investing in mutual funds(mostly from last 2 years) ,the government introduced the ltcg ,the common man is always the loser.

A lawyer cut that tree which has more fruits .But an economicst must quring n careing that tree for more n more future prospect.

take the risk and fly or remain wherever you are...

12, 13 % ki baat kartay ho government return ki garante lay lay ya Jumla hi and jab loss hoga tab government pura karay ge kiya.

Jaisay Apolo Dailey gir raha hi

When you are earning return of 12 to 13% compounded annually then what problem in paying that 10% out of profit made. Go back to period of 2011, 12 13 though one the best economist mr manmohan singh ji were at the helm what was the state of affair then. Everything was in tatter. Stock market was just dithering . Foreign investor has categorised us amongst five most fragile economy of this world. Now what difference is between now and then when market is at all time high continuously going higher and higher. From where this confidence comes from when investor both foreign and domestic are ready to buy at elevated level though commensurate earning are not coming through. What have changed since 2014. We have same people same process same work ethics and schedule but what different has happened is the annointment of Modi. That''s why the whole world perspective has changed towards us. Last year flood of ipo was again the outcome of this renewed confidence. We are passing through a transition period. Only he has the guts and abilities to take us out of tough times. He has woven and worked india as a single and cohesive unit. He has to be there for at least ten years to see some real transformation. Now cutting short I think we should keep patience and have faith in him

@khemka,
I think now even Rajan will not take this post, as he was constantly harassed by F. M. & P. M. O. during his term as RBI governor.
Rajan very well knows they doesn''t want F. M., they want (F)ollow (M)e type person.

Raghuram rajan was removed to bully/subjugate independent institutions like RBI. Bond yields are increasing and along with inflation which will lead to faster increase in interest rates. Liquidity in India banks is already getting squeezed which is indicates by interest rates increased by axis and Sbi bank on bilkul deposit. RBI will have no option left but to increase in interest rates in India but we should all say goodbye to nascent economic recovery which just seems to have started.

But then I agree with folks why bother all this....LTCG of 10% is so important and also for political aspiration of a political we should not even blink to pay 10% LTCG. Government of India is supreme. To catch few people they have all right to stop us from withdrawing from bank the money on which we have been religiously paying IT for last 30 years. Whoever doesn''t think in this way is desh ka gaddar and desh drohi. Nation wants to know aaj aap sarkar ke saath hai ...ya desh drohi hai............... .

There is no clerity on adjustment and carry forward of LTC Loss.
Any idea?

While everyone is talking about LTCG. Implications and Markets Nosediving.
Promoters at Galaxy Surfactants are Dancing and Partying.!!!

Still chance for investors to save themselves by withdrawing from this IPO before finalization of basis of allotment.

@BADAYA
LTCG is applicable all over the world.
This is not true. LTCG tax exists (mostly) only in developed countries. In developed countries, if you suddenly lose your job, you get social security benefits. In countries where there is no social security, it is critical for people to save for a rainy day.

The government should encourage people to invest in equities by providing tax incentives. Imposing a tax on capital gains without providing indexation benefit is akin to taxing inflation. Further STT, which was originally introduced in lieu of LTCG tax, has NOT been removed. Corporate tax, dividend distribution tax, tax on dividends, compulosry CSR spend of 2%, STT and capital gains tax; the same profit being taxed so many times is very unfair in my opinion.

If investors do not voice their objection strongly, Government will continue increasing tax rates and may come up with more new taxes in future.

I am copy/paste article which I read yesterday about future coarse of market till 31 March.It will be helpful to forum friends :::::::::::::::::

_________________________________
A lot of retail portfolios of about 5 lakh value in investments are going to see yearly churn to avail LTCG benefit of 1 lakh, assuming an average return of 20% on the 5 lakh in a year. This money would again be probably reinvested on the same day/week/month. If its invested in the same stocks, I assume they should allow for the scrips to be delivered from their demat accounts before they buy it back - So perhaps buying back on the same day is not an option, I am not sure. This is from a micro-economic perspective.

From a macro-economic perspective, the P/E that a potential new investor will pay would have come down now considering the new tax implication. After all equity is not like tobacco that can command demand at any amount of margins and sin-tax at will. This should re-rate pretty much all stocks. What we saw today is one such.

Next two months will be tricky as the upside is capped at Jan 31st highs for pretty much all stocks. When upsides are capped, people are in general unwilling to buy. This is why some people exit stocks stuck in yearly circuits even if they are splendid businesses. The reason why I think upsides are capped is because of the sell and buyback incentive caused by the LTCG which applies differently until 31st of March.

Buying closer to 31st March would mean that LTCG will apply closer to 31st March in the next year which restricts the number of days available to sell at good price. The more days you have to choose when to sell and buyback, the better. I presume all these calculations have gone into what happened today. This money is bound to come back sooner than later and more people will follow this strategy which could cause volatility like today next week as well but overall we could just be going sideways with the top at 31st Jan and bottom probably at whatever fresh lows are made next week.

It is quite a curious situation and observing it from a micro and macro perspective is going to be very interesting

We Indians are designed to criticise to more powerful persons than us, whether he is modi, Bajpayee, Albani or manmohan. We become happy when lion fail to hunt a deer, not bcose we
Love deer but we hate lion.