After looking at the financials i think the promoters might have manipulated the fy 17 profits for the purpose of ipo... So subscribe this ipo with caution
this ipo valuation is high ? can apply for this ipo
23. ipo share| Link| Bookmark|
January 20, 2018 4:24:02 PM
IPO Guru (1500+ Posts, 700+ Likes)
DRHP states that no comparable co. Can anyone point out their exclusive product which makes them incomparable with other listed chemical companies?
22. Chem cho| Link| Bookmark|
January 19, 2018 3:54:45 PM
IPO Guru (2500+ Posts, 2700+ Likes)
29. Chem cho May 18, 2011 10:03:43 PM IST I Like It. | Report Abuse IPO Guru IPO Guru (1500+ Posts, 900+ Likes) thanks to all for withdrawal of issue by book builing manager who haved priced the ipo very high the main culprit is not the issue but motilal oswal and centrum capital who had priced at high rate of galaxy ipo read my quotes again of 114 again for your reference again
In an interview in tv channel new sebi cheif was discusing with the new ipos, he has said an important point that track record of managers to the issues should be one point in appling the ipo ie good managers to the issue , price the ipo attrative so that some money is left on table this ipo is over priced most of the analist say avoid the issue an small issue of 200 croes should suscribe 20 to 30 times in QIB then only think of appling
Number of Times Subscribed (BSE + NSE) As on Date & Time QIB NII RII Total Shares Offered / Reserved 2,075,500 889,500 2,075,500 5,040,500 Day 1 - May 13, 2011 17:00 IST 0.0000 0.0000 0.0100 0.0000 Day 2 - May 16, 2011 17:00 IST 0.0000 0.0300 0.0500 0.0300 Day 3 - May 17, 2011 17:00 IST 0.0000 0.0300 0.0700 0.0300 Day 4 - May 18, 2011 17:00 IST 0.5900 0.0400 0.1100 0.3000 Company Financials: Particulars For the year/period ended (in Rs. Million) 31-Mar-10 31-Mar-09 31-Mar-08 31-Mar-07 31-Mar-06 Total Income 5941.80 5693.20 3889.55 3295.12 2725.26 Profit After Tax (PAT) 403.42 267.02 261.79 255.25 60.70 Objects of the Issue: The objects of the Issue are to:
1. fund the capital expenditure of company''s step down subsidiary GC Egypt, through investment in company''s subsidiary, GHML; 2. fund the capital expenditure for setting up new manufacturing facility at Jhagadia, Gujarat; 3. expand the capacities at company''s existing manufacturing units at Tarapur; 4. expand the capacities at company''s existing manufacturing units at Taloja; 5. general corporate purposes.
22.1. Chem cho| Link| Bookmark|
January 19, 2018 3:57:19 PM
IPO Guru (2500+ Posts, 2700+ Likes)
this is again highly priced issue
22.2. ipo share| Link| Bookmark|
January 20, 2018 4:19:30 PM
IPO Guru (1500+ Posts, 700+ Likes)
@ Chen cho Thanks for your valuable input. Must assess deeply before applying.Very greedy promoters. Again trying to time the bull market and make innocent investors their prey. How they have mentioned in their DRHP that no competitor. I feel this is done to avoid comparison with listed players as they do not have any exclusive product which nobody else makes. What SEBI is studying before clearing IPO.? Shame on them also.
2017 EPS RS.42 SO IT IS COMING AROUND 35 PE. THE COMPANY COMING AROUND GOOD VALUATION. NOW IT WILL SUBSCRIBE HEAVILY. AND ALSO IT WILL LIST GOOD LISTING GAIN. 2017 IS DIFFERENT. DONT LOOK INTO 2011 FACTORS.
16. T.agarwal| Link| Bookmark|
January 20, 2018 10:48:40 AM
IPO Mentor (800+ Posts, 1800+ Likes)
*2011* *Galaxy Surfactants Ltd IPO*
»» Issue Open: May 13, 2011 - May 19, 2011 »» Issue Type: Book Built Issue IPO »» Issue Size: 5,930,000 Equity Shares of Rs 10 aggregating up to Rs 0.00 Cr »» Face Value: Rs 10 Per Equity Share »» Issue Price: Rs 325 - Rs 340 Per Equity Share »» Market Lot: 20 Shares »» Minimum Order Quantity: 20 Shares »» Listing At: BSE, NSE
*Galaxy Surfactants Ltd IPO* *FINAL SUBS.FIGURE* *ON DAY 4---18 MAY 2011* QIB 0.59X NII 0.04X RII 0.11X TOTAL 0.30X
*IPO Notices:Galaxy Surfactants IPO Withdrawn* NSE Website Alert posted on 18th May 2011 Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of GALAXY SURFACTANTS LIMITED has been withdrawn
Don''t talk about GMP of this IPO. Better to stay away from this IPO. It appears something strong fraud as the same IPO was unsuccessful in 2011 at 350/- and the same company is trying to exploit money from public at 1480/-.
Thanks to the alert boarders on this board to wake up & made aware of the fact to rest of the investors to reveal the reality.
@ AVI IPO My question is a company which is rejected by public before 7 year @ 340 is able to issue @ 1480/- ?
^^^ Hey! Anything is possible these days....Have you had a look at the bond yields? They have shot through the roof..and still the interest rates are being lowered in a preposterous manner...hilarious isn''t it? .....A deluge of taxes wash away over 60% of the takeaway income and still the purchasing power and the consumer confidence numbers paint a buoyant picture....Somethings awfully wrong somewhere..no?
Now consider a common citizen who uses the food, clothes etc as the raw material, Car, house, cellphones. computers etc as depreciating assets and the will power, intelligence as non tangible capital employed to run the bodily business for oneself and the family members who are the legit stakeholders and then calculate the return on this equity considering the ever rising tax payouts and other costs with little to no social benefits and you should most likely get your answer.....:|
When compared with previous outing one thing that has remained unchanged is the Registrar to the issue. Lead Managers to the issue have changed . Well known Lead Managers managing the issue will the fortunes of this company change now ? Only time will tell