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Galactico IPO is a fixed price issue of Rs 3.70 crores. The issue is a combination of fresh issue of 3 lakh shares aggregating to Rs 0.69 crores and offer for sale of 13.08 lakh shares aggregating to Rs 3.01 crores.
Galactico IPO bidding started from September 24, 2019 and ended on September 27, 2019. The shares got listed on BSE SME on October 9, 2019.
Galactico IPO price is ₹23 per share. The minimum lot size for an application is 6000 Shares. The minimum amount of investment required by retail investors is ₹138,000.
Aryaman Financial Services Limited is the book running lead manager of the Galactico IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Galactico IPO RHP for detailed information.
| IPO Date | September 24, 2019 to September 27, 2019 |
| Listing Date | October 9, 2019 |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,608,000 shares (aggregating up to ₹3.70 Cr) |
| Fresh Issue | 300,000 shares (aggregating up to ₹0.69 Cr) |
| Offer for Sale | 1,308,000 shares of ₹10 (aggregating up to ₹3.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 5,431,205 |
| Share holding post issue | 5,731,205 |
| Market Maker portion | 84,000 shares |
Galactico IPO offers 1,608,000 shares. 762,000 (47.39%) to NII, 762,000 (47.39%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 84,000 (5.22%) |
| Other Shares Offered | 762,000 (47.39%) |
| Retail Shares Offered | 762,000 (47.39%) |
| Total Shares Offered | 1,608,000 (100%) |
Investors can bid for a minimum of 6000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6000 | ₹138,000 |
| Retail (Max) | 1 | 6000 | ₹138,000 |
| Lot Size Calculator | |||
Mr. Vipul Lathi is the promoter of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 71.94% |
Incorporated in 2015, Galactico Corporate Services Limited is engaged in providing diversified financial services. The company manages investment advisory, fundraising activities, and underwriting of issues. Galactico also works as an advisor, manager and consultant to an issue.
It is also a SEBI authorised category-I merchant banker offering IPO advisory, debt syndication, Takeovers, Business Modeling, Merger & Acquisitions services, etc. The company provides such services to small and mid-sized enterprises (SMEs).
The registered office of the company is located in Nasik and other branch offices in Mumbai, Jalgaon and Jaipur.
Galactico has primarily two subsidiaries which are Instant Finserve Private Limited and Seven Hills Beverages Limited. Seven Hills is engaged in manufacturing of drinking water. Instant Finserve Private Limited is focused on debt finance and financial consultancy related business.
| Particulars | For the year/period ended (in Rs. Lakhs) | ||
|---|---|---|---|
| 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 2,601.35 | 2,484.03 | |
| Total Revenue | 1,919.35 | 1,653.94 | |
| Profit After Tax | 141.82 | 135.13 | |
The objectives of the issue are to raise funds for
(a) Repayment of Unsecured loans
(b) Funding expenditure for General Corporate Purposes
[Dilip Davda] GCSL is a company from Vipul Rathi group that planned an IPO of Seven Hills Beverages in August 2017 but withdrew it on the day of opening for some technical internal matters. Now the group is coming out with a company in the financial services sector that is currently in the doldrums. The issue is fully priced based on super consolidated performance, cash surplus risk savvy investors may consider investment at their own risk. Read detail review...
The Galactico IPO is subscribed 1.16 times on September 27, 2019 6:49:01 PM. The public issue subscribed 0.56 times in the retail category, times in the QIB category, and 1.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.76 |
| Retail | 0.56 |
| Total | 1.16 |
| Listing Date | October 9, 2019 |
| BSE Script Code | 542802 |
| NSE Symbol | |
| ISIN | INE906Y01010 |
| Final Issue Price | ₹23 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹23.00 |
| ₹23.20 |
| ₹23.05 |
| ₹23.20 |
| ₹23.05 |
Galactico Corporate Services Ltd
2nd Floor, Shree Gurudeo Tower,
Above Shirpur Co-Op Bank Ltd,
Canada Corner, Nashik - 422 005
Phone: +91 253 231 9714
Email: info@galacticocorp.com
Website: http://www.galacticocorp.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: info@galacticocorp.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Check our SME IPO Guide 
Galactico IPO is a SME IPO of 1,608,000 equity shares of the face value of ₹10 aggregating up to ₹3.70 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 Shares.
The IPO opens on September 24, 2019, and closes on September 27, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Galactico IPO opens on September 24, 2019 and closes on September 27, 2019.
Galactico IPO lot size is 6000 Shares, and the minimum amount required is ₹138,000.
You can apply in Galactico IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Galactico IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Galactico IPO allotment status.
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