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Galaxy Surfactants IPO is a book built issue of Rs 937.09 crores.
Galaxy Surfactants IPO bidding started from January 29, 2018 and ended on January 31, 2018. The allotment for Galaxy Surfactants IPO was finalized on Monday, February 5, 2018. The shares got listed on BSE, NSE on February 8, 2018.
Galaxy Surfactants IPO price band is set at ₹1470 to ₹1480 per share. The minimum lot size for an application is 10 Shares. The minimum amount of investment required by retail investors is ₹14,800.
Edelweiss Financial Services Ltd, ICICI Securities Limited and Jm Financial Limited are the book running lead managers of the Galaxy Surfactants IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Galaxy Surfactants IPO RHP for detailed information.
| IPO Date | January 29, 2018 to January 31, 2018 |
| Listing Date | February 8, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹1470 to ₹1480 per share |
| Lot Size | 10 Shares |
| Total Issue Size | 6,331,674 shares (aggregating up to ₹937.09 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 35,454,752 |
| Share holding post issue | 35,454,752 |
Galaxy Surfactants IPO offers 4,432,174 shares. 1,266,336 (28.57%) to QIB, 949,752 (21.43%) to NII, 2,216,086 (50.00%) to RII. 221,608 RIIs will receive minimum 10 shares and (sNII) and (bNII) will receive minimum 140 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 1,266,336 (28.57%) | NA |
| NII (HNI) Shares Offered | 949,752 (21.43%) | |
| Retail Shares Offered | 2,216,086 (50.00%) | 221,608 |
| Total Shares Offered | 4,432,174 (100%) |
Galaxy Surfactants IPO opens on January 29, 2018, and closes on January 31, 2018.
| IPO Open Date | Monday, January 29, 2018 |
| IPO Close Date | Wednesday, January 31, 2018 |
| Basis of Allotment | Monday, February 5, 2018 |
| Initiation of Refunds | Tuesday, February 6, 2018 |
| Credit of Shares to Demat | Wednesday, February 7, 2018 |
| Listing Date | Thursday, February 8, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2018 |
Investors can bid for a minimum of 10 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 | 10 | ₹14,800 |
| Retail (Max) | 13 | 130 | ₹192,400 |
| Lot Size Calculator | |||
Incorporated in 1986, Galaxy Surfactants Limited is Mumbai, India based manufacturer of surfactants and other specialty ingredients for the personal care and home care industries. The ingredients company manufacture are commonly used in consumer-centric personal care and home care products like skin care, oral care, hair care, cosmetics, toiletries and detergent products. Galaxy surfactants product portfolio includes over 200 product grades, which are marketed to over 1,700 customers in 70 countries.
Galaxy surfactants products are classified in 2 categories:
1. Performance Surfactants: This includes anionic surfactants and non-ionic surfactants.
2. Speciality Care Products: This includes amphoteric surfactants, cationic surfactants, UV filters, preservatives, preservative blends and surfactant blends, speciality ingredients such as mild surfactants, syndet and transparent bathing bars and proteins, fatty alkanolamides and fatty acid esters, and other care products.
Galaxy surfactants is leading manufacturer of these ingredients. Almost all major FMCG companies in India are Galaxy surfactants customers. This includes Cavinkare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, LOREAL, Procter & Gamble Home Products Private Limited, Reckitt Benckiser and Unilever.
Company has 7 manufacturing facilities, out of which 5 are located in India and 2 are located overseas. Company has over 1,200 employees.
| Particulars | For the year/period ended (in Rs. million) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 12,853.83 | 11,092.34 | 10,602.19 | 10,240.81 | 9,556.85 | |
| Total Revenue | 21,717.00 | 18,087.55 | 18,760.26 | 17,015.78 | 15,822.68 | |
| Profit After Tax | 1,463.06 | 1,027.18 | 674.56 | 759.97 | 2.78 | |
The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of Equity Shares by the Selling Shareholders.
[Dilip Davda] With the widest range of grades, the company enjoys virtual monopoly in the segment and it poised for bright prospects ahead as personal care/home care products market is going to widen. Being the first mover in the segment, company will gain fancy post listing. Investment may be considered for short to long term. (Subscribe). Read detail review...
The Galaxy Surfactants IPO is subscribed 19.96 times on January 31, 2018 5:00:00 PM. The public issue subscribed 5.92 times in the retail category, 54.27 times in the QIB category, and 6.96 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 54.27 |
| NII | 6.96 |
| Retail | 5.92 |
| Total | 19.96 |
| Listing Date | February 8, 2018 |
| BSE Script Code | 540935 |
| NSE Symbol | GALAXYSURF |
| ISIN | INE600K01018 |
| Final Issue Price | ₹1480 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,480.00 |
| ₹1,520.00 |
| ₹1,520.00 |
| ₹1,732.00 |
| ₹1,698.10 |
| NSE |
|---|
| ₹1,480.00 |
| ₹1,525.00 |
| ₹1,525.00 |
| ₹1,735.00 |
| ₹1,700.45 |
Galaxy Surfactants Limited
C-49/2, TTC Industrial Area,
Pawne,
Navi Mumbai - 400 703
Phone: +91 22 2761 6666
Email: investorservices@galaxysurfactants.com
Website: http://www.galaxysurfactants.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: galaxy.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Galaxy Surfactants IPO is a main-board IPO of 6,331,674 equity shares of the face value of ₹10 aggregating up to ₹937.09 Crores. The issue is priced at ₹1470 to ₹1480 per share. The minimum order quantity is 10 Shares.
The IPO opens on January 29, 2018, and closes on January 31, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Galaxy Surfactants IPO opens on January 29, 2018 and closes on January 31, 2018.
Galaxy Surfactants IPO lot size is 10 Shares, and the minimum amount required is ₹14,800.
You can apply in Galaxy Surfactants 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 Galaxy Surfactants IPO will be done on Monday, February 5, 2018, and the allotted shares will be credited to your demat account by Wednesday, February 7, 2018. Check the Galaxy Surfactants IPO allotment status.
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RHP
Transaction ID 10643815
DP ID-Client ID XXXXXX28-XXXXXX14
Application Number 58403960
Shares Applied for 10
Application Amount 14,800
Shares Allotted 0
Amount Allotted 0
Refund Amount 14,800
Listing Date* 08-Feb-2018
I HAVE NOT RECEIVED REFUND OF RUPEES 14,800. FOR NON ALLOTMENT OF IPO SHARES