Galaxy Surfactants Limited IPO Message Board (Page 24)

grey market premium 115 to 118..application rate 550 - 565

thank you mam.should we buy hold or sell on listing ? what is your view ?

Sonal patel
Pl do not wrong msg update

9.00 pm

QIB 54.27x

NII 6.97x

RII 6x

Total 20x

I have avoided this IPO. GMP only 50. HNI subscription figure not attractive.
Not worth applying for small listing gain.

I believe company fundamentals are good and it will keep performing in coming years.
Thought overall a good response but little disappointed by muted HNI category.
Don''t know what is the reason behind HNI giving it a snub.
I have applied with full force on day 1 itself. Not sure about listing gain however intend to keep it for long time. As far as valuations are concerned, I agree its expensive. But again, what is cheaper now a days??

Galaxy Surfactants Ltd. IPO
Subscription figures(BSE+NSE)
on last day @8 pm:
QIB - 54.27X **
HNI - 6.965X
Retail - 5.974X
Total - 19.984X
**Excluding Anchors
Subscription figures as expected. Applied for some listing gain as well as short to long term. Total 2,21,608 lots of 10 shares each are available for allotment in retail category.
Retail application wise 5.11X so 1 out of 5 will get allotment.

Over subscription status

Qualified Institutional Buyers(QIBs)*       54.27 X
Non Institutional Investors       6.96 X
Retail Individual Investors(RIIs)       5.97 X

Total       19.98 X

*Excluding Anchor

Total No.of Application Approx : ~ 1133472
Retail Subscription on the basis of Apps : 5.11 x

Current oversubscription data.

galaxy current gmp?

@297 aniketiaf ......u r the best .......at gmp latest...........keep sailing with us...........we will make money together.............

latest figures please

SO IF BOTH RII & NII SUBSCRIBED 7 TIMES THEN ALLOTMENT IN BOTH CATEGORIES WILL BE 10 SHARES TO 1/7 ALLOTEES

@ Mr. Kishen.. Application of more lots in a single application does not increase the chances of allotment.
If an Ipo is oversubscribed, allotment is given on lottery basis. Hence. Apply 12 lots from different PAN Demat Accounts in the name of family members and friends for better chances of allotment.

Thank you for providing the understanding..
Many a times before this logic has worked for me which made me believe in this logic...looks like it had been luck all those times...
Thank you again!!

Forget GMP. GMP is Crap. What matters is company profile and their PTA.

PTA of Galaxy is increasing every year.

Companies area of business also matters. what if their business line benefits from new budget guidelines.

GMP is for grey market people. When one applies for shares through PAN, it is not grey market. Hope he doesn''t sell it before listing.

Why gmp is coming down every day???!!!!????????

Because of the upcoming budget and global markets pressure.

Ipo is over

What is Latest Premium Of Galaxy..?

gmp 150 steady

50-60

It may open in red very risky

SO MANY IPO where QII ans NII subsribe good , yet in listing not good, lets see for this, all depends on next week market

............. Galaxy surfactants..................
(global supplier to global brands )
_______________________________________
Product portfolio :
1) Surfactants (65%)
2) Speciality chemicals (35%)
Only 34%Revenue coming frm india rest 66% frm export.
- Good business segment
Customers : L''Oréal, Himalaya, P&G, dabur, HUL etc

Revenue CAgR = 9%
PAT caGr = 24%
EBITDA margin = 12%
RonW = 28%
PAT Margin = 6.7%
M. CAP = 5247cr
________________________________________
No of shares 35454752
(before and after issue same due to complete OFS)
2017 PAT : 146cr

EPS : 41+ => PE = 36(@1480)

2018 half year PAT = 75cr on 1196cr sales with margin 6.3%
Full yr possible PAT = 148cr on 2350cr sales with same 6.3% margin

i.e EPS = 42 => PE : 35(@1480)

Margin slightly going up frm 4.5%(2014)
To 6.7%(2017)

@7% margin PE = 32
@8% margin PE = 28
________________________________________
So here we hv again ipo with slight margin change can change PE big time type just after after Shankara, prataap, dixon, amber

So valuation may given based on sales.

Sales of 2018 =2350cr,

Now here no comparable peer but if you see speciality chemical segment or FMCG then it''s difficult to find good growth companies at M.cap/sales <= 3x.

_______________________________________
So @3x P/S = 7050 m.cap (PE = 48)
i.e Price = 1988 rs ( 1 yr tgt after list)

@2.5x P/S = 5857cr M. Cap
i.e Price = 1655 rs *(possible Listing) (PE =39)
_________________________________________
Rii form reqd 2.2L +, so if 7-8 lakh come,
Allotment ratio 1/3 type(Fair chances)
______________________________________
Concerns :
- PatanJaLi
- Max revenue comes from top most customers
- 2011
- low Top line growth
_______________________________________
ConcL.......

One may subscribe to this global exporter or may wait for last day subscription. expected listing gain 1-1.5 FD.

Consider above all as an imo only ????
.

Gamble bro ur idea on aster dm healthcare ipo.pls post asap.thank u

Gamble bro ur opinion on aster dm healthcare.kindly reply

Vishwas......I am expecting lot of happenings in next 18 months...so watchout.

Analyst.Ipo.......my investment in this company and company''s performance has made me a not just a millionaire......result of 20 years patience....improved my knowledge of the industry.

Sounds goods. Cosmetic business is a good business now.
Off course every one would like to apply creams on their faces now a days :)
Lets wait and see on listing day whether its a good cosmetic or allergitic :)

Thanks Omega for your valuable suggestions

Dear All,

As it is true with any public forum, we can not treat it as our own personal property. Just because everyone doesn''t shout, doesn''t mean people who prefer to shout really loud and bark can start treating the forum as their personal properties.

Suggest politely. respect each others point of view. If dont like it, ignore or counter....but do not shout/bark.

As I mentioned earlier also that forum may be infested with agents, one person changing IDs and one ID supporting and praising other ID and so on so forth but believe me you can still utilize the forum for your benefit and generate wealth for you.

Attack view points not individuals.