Galaxy Surfactants Ltd IPO Message Board (Page 7)

Any Grey market activity started. What is GMP

@ DINESH SING

HI DINESH JEE

AFTER A LONG TIME.HOW R U. I 2 100% ACCEPT WID UR OPINION. UPTO 2007 ENDING A QUALITY IPO GIVES MIN 30-50% ON THE LISTING DAY N EVEN GIVES MORE THAN 100% RETURNS AFTER FEW MONTHS. BUT NOW A DAYS A GOOD IPO WIL GIVE MAX 10% LISTING GAINS AND LOSSES IN THE RANGE OF 10-30% ON THE LISTING DAY. IF INDIA'S LARGEST GOLD LOAN CO MUTHOOT WENT DOWN 10% ON DAY 1 THEN WHAT IS THE USE OF IPO'S WHEN THERE IS NO SAFETY FOR THE SMALL INVESTORS

i am in hurry because issue will start on13 and today10

is their any discount for retail inester of galexy?

All the retails investor please note that No IPO will give Listing Gain in the current market situation irrespective of the fundamental of the company and its price.

Now days no one is investing in a company for long term through IPO, everyone wants to exist on listing day itself. Hence unless the operator is not involved, the selling pressure on listing day drags the price in to discount like Muthoot, Paramount and Future Venture.
No listing gains in any IPO unless the majority of people will INVEST FOR LONG TERM.

So short term investor please don’t use IPO way for making quick money rather use secondary market otherwise your CAPITAL will be wiped out very quickly. Don’t discuss about fundamental, EPS, PE, Book Value etc. because all these are theoretical words and no relation what’s so ever with the performance of a stock in listing day in the market.

ARCHIT SHAH,S grey market rate is not yet out wait why are you in so much hurry

grey market rate?

can any one tell me?

is their any discount for retail inester of galexy?

no peer ,,no fear....only dear.

Any idea about Galaxy peers and their PE multiples

first look at the financials -

FOR 9 MONTHS ENDED DEC'10 -

sales = 682.35 cr
pat = 42.8 cr
nw = 186 cr

IF U ANNULISE 9 MONTHS NOs. WE HAVE FULL YR FY'11 NOS AS -

sales = 850 cr
pat = 59 cr
nw = 400 cr ( POST IPO )
post ipo equity capital = 2.37 cr shares

so

eps for fy'11 = Rs.25
pe @ 340 = 14 times
book value = Rs.169

CONCLUSION:-

ITS NOT CHEAP , BUT IT CAN BE APPLIED ALONG WITH PFC.
THIS IPO WILL BE IN TRUE DEMAND FROM INSTITUTIONS, AS THIS CO IS RELATED TO MODERN LIFE STYLE LIVING......

ONE MAY APPLY IN FULL IN THIS IPO AND LEAVE PFC IF HE IS CIRCUMSPECT ABOUT PFC GOING BELOW FPO PRICE......

MUST KNOW FACTS:
The following are some figures n facts, that got my attention, while going throw DRHP....

1. Galaxy Surfactants, dependent on a single supplier for one of the raw materials, namely, Ethylene Oxide.

2. Top 10 customers contributed 70% of our sales in Fiscal 2009 and 67% in Fiscal 2010.

3. Galaxy Surfactants receives tax exemptions for 100% Export Oriented Unit (EOU) at Taloja. In 2010, received an exemption from
income taxes and other indirect taxes. This exemption is scheduled to be withdrawn with effect from April 01, 2011.
(But As i know the exemption stands to be Withdrawn by government from 1.04.2012, and the exemption is calculated as follow,
Net profit * [Export turnover/total turnover],100 % or 50 % of the resultant figure needs no tax)

4. As on March 31, 2010, company have unsecured loans amounting to Rs 295.83 mn which are repayable on demand.

5. The NAV/book value per Equity Share as on March 31, 2010 was Rs. 85.07.

6. The average cost of acquisition per Equity Share of Promoters is as follows(Rs.):
1. Mr. Unnathan Shekhar 2.83
2. Mr. Gopalkrishnan Ramakrishnan 3.06
3. Mr. Shashikant Rayappa Shanbhag 2.75
4. Mr. Sudhir Dattaram Patil 2.79


7. Cashflows are good, and in 2010, Abnormals that i traced out were
a.Investments in Subsidiaries amount to 423.9 mn
b.Issue of Equity Shares 66 mn, thus Ended 2010 in Positive cashflow of 52.02 mn

8. Share Capital was increased from 85.64 mn in 2009 to 177.27 mn in 2010

9. Company had issued 600,000 equity shares on March 31,2010 at Rs.110 per share and bonus in the ratio of 1:1 equity share held as on November 30, 2009.

10. This is a public issue of 5,930,000 Equity Shares, shall constitute 25.07 % of the fully diluted post-Issue capital of our Company.

11. Promoters and promoter group will own and hold 56.34% of our post-Issue paid-up equity share capital.

12. The Net Worth of our Company as on March 31, 2010 was Rs. 1,508.12 mn.

13. Subsidiaries, have incurred losses during the last 3 fiscal years (i.e,2008, 2009 & 2010) in Millions,
=> Rainbow Holdings GmbH N/A N/A (34.46)
=> M/s. Galaxy Estates & Holdings (0.07) (0.04) (0.04)
=> M/s. Shubh Estate & Properties (0.02) (0.02) (0.02)
=> Galaxy Holdings ltd, N/A (0.52) 4.98

14. Subsidiaries had negative Net Worth during the last 3 fiscal years (i.e,2008, 2009 & 2010) in Millions,
=> Rainbow Holdings GmbH N/A N/A (23.43)
=> Galaxy Emulsifiers Pvt Ltd (2.39) (1.69) (0.19)
=> Galaxy Finsec Private Ltd (0.02) (0.02) (0.03)
=> Galaxy Holdings ltd, N/A (0.48) 12.88

...[)(/R@!...

Very Good Company...

i am holding 100 shares since it was incorporated and received 1 is to 1 bonus shares and around 5500 as dividend on 4000 invested this ix for information to fellow members happy investing

SAMEERJAIPUR


Gem ipo finder May 09, 2011 1:01:36 PM IST

Power Finance Corporation Ltd FPO
A LA

I WILL APPLY IN PFC........

WHENVER I SEE THE FUTURE PRICES ABOVE 210 I WOULD TRY TO SHORT IT BEFORE CHEQUES GET DEBITED, OTHERWISE IF PRICES FALLS I WILL STOP SOME CHEQUE AND APPLY IN GALAXY IPO......

IF PRICES FALLS BELOW 205 CHANCES OF PFC FPO DECIDING A PRICE LOWER THAN 203 IS BRIGHTER ........

I WILL ALSO LOOK FOR GALAXY ..... ITS DIFFERENT....

Dear Gem,
It is clear now that we can't apply both PFC and Galaxy with same funds.What's ur take now?
In PFC do u think we can still wait for 2-3 days to short future ?
Lastly u will always be a star contributor for boarders of chittorgarh.Keep posting.

is their any discount for retail inester of galexy?

is their any discount for retail invester?

LAKHVINDER VIRK

YES 5% DISCOUNT IS 100% CONFIRMED, IT HAS BEEN A RULE BY GOVT FOR ALL FPO FROM THEIRTABLE.........

GALAXY IS A VERY GOOD CO I HAVE ALREDY DECSCSED MUCH ABOUTIT SOME20 DAYS BACK........

IT MANUFATURES RAW MATERIAL FOR COSMETIC INDUSTRY ITS A LEADER IN THAT SPACE IN INDIA AND ENJOYS ALMOST 55% MARKET SHARE......

IT CAN BE APPLIED IN FULL

Monday, May 9, 2011IPO ANALYSIS: GALAXY SURFACTANTS LIMITED: BLUE-CHIP IN THE MAKING – INVEST.

The Mumbai based, leading surfactants and specialty manufacturer is entering the capital market with an IPO on 13-05-11. The company intends to issue shares in the price band of Rs 325-340.

Surfactants are compounds that lower the surface tension of a liquid, the inter-facial tension between two liquids, or that between a liquid and a solid. Surfactants act as detergents, wetting agents, emulsifiers and foaming agents.

The company’s products are widely used in Personal and Home Care industry. The range includes cosmetic ingredients, UV protection and functional products. The products cater to some of the largest global brands in the FMCG sector and find applications in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care segments.

The company with two products in 1980 has transformed the business into a value based, technology driven, environment conscious and customer oriented organization with a portfolio of 66 products and with sales spread over 70 countries. The company supplies as preferred vendor for leading companies in the field of personal and home care, which includes global customers like Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversey, L’Oreal, Reckitt Benckiser and Unilever. Our domestic customers include Ayur, CavinKare, Dabur, Emami, ITC, Marico, Procter & Gamble, among others. The growth has been aided by strategic partnership with customers and innovation.

OBJECTS:
The company intends to utilize the funds for setting up of new unit in Egypt and Gujarat and for expanding the existing facilities at Tarapur & Taloja.

FINANCIALS:
RS IN CRORES 31-03-10 31-03-09
TOTAL INCOME 594 569
PAT 40 27
EPS 22.12 15.63
NAV as on 31-03-10 is Rs 86.20.

CONCERNS:
1. Geopolitical and currency risks.
2. Setting up of facility in Egypt – limited local experience.
3. Dependent on a single supplier for - Ethylene Oxide raw material.

VALUATION AND RECOMMENDATIONS;
The company operates in high growth personal and home care segment. Galaxy is supplier to global brands with wide range of products. Its international business contributes 58% of the total revenue. It has strong R & D for innovation. The two plants are strategically located near J N Port Trust, near Navi Mumbai. The proposed expansion / setting up of new projects will help the company to cater to the growing demand for its products in the domestic as well international markets. The unit in Egypt is of strategic importance to cater to the demand of Africa, Middle East and Turkey. Professionally managed company.

At Rs 325-340, the issue is priced around 15 PE of its FY 10 earnings, the PE may be even at a lesser level on the latest financials. The IPO is attractively priced considering the company’s product and client profile, growth prospects. There are indications of a blue-chip in the making. INVEST.

IPO DETAILS

ISSUE OPEN / CLOSES ON: 13-05-11 / 19-05-11
ISSUE SIZE / FV / PRICE BAND: 59,30,000 EQUITY SHARES / RS10 / RS 325-340
IPO GRADING: 4 BY CRISIL
PROMOTERS: UNNATHAN SHEKHAR, GOPALKRISHNAN RAMAKRISHNAN, SHASHIKANT RAYAPPA SHANBHAG, SUDHIR DATTARAM PATIL BRLMS MOTILAL OSWAL, CENTRUM CAPITAL
REGISTRAR: LINK INTIME
LISTING BSE / NSE