Fixed Price IPO | ₹4 Cr | Listed at BSE SME | Tue, Sep 24, 2019 - Fri, Sep 27, 2019
Galactico Corporate IPO is a fixed price issue of ₹3.70 crores. The issue is a combination of fresh issue of 0.03 crore shares aggregating to ₹0.6900 crores and offer for sale of 0.13 crore shares aggregating to ₹3.01 crores.
Galactico Corporate IPO bidding started from Sep 24, 2019 and ended on Sep 27, 2019. The shares got listed on BSE SME on Oct 9, 2019.
Galactico Corporate IPO price is ₹23 per share. The lot size for an application is 6,000. The minimum amount of investment required by an individual investor (retail) is ₹1,38,000 (6000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (12,000 shares), amounting to ₹2,76,000.
Aryaman Financial Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Aryaman Capital Markets Ltd..
Refer to Galactico Corporate IPO RHP for detailed Information.
IPO Open
Tue, Sep 24, 2019
IPO Close
Fri, Sep 27, 2019
Issue Price
₹23 per share
Market Cap (Pre-IPO)
₹13.18 Cr
| IPO Date | 24 to 27 Sep, 2019 |
| Listed on | Wed, Oct 9, 2019 |
| Face Value | ₹10 per share |
| Issue Price | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 16,08,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 84,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.1932 Cr) |
| Fresh Issue (Ex Market Maker) | 2,16,000 shares (agg. up to ₹0.4968 Cr) |
| Offer for Sale | 13,08,000 shares of ₹10 (agg. up to ₹3 Cr) |
| Net Offered to Public | 15,24,000 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 54,31,205 shares |
| Share Holding Post Issue | 57,31,205 shares |
| BSE Script Code | 542802 |
| ISIN | INE906Y01010 |
Galactico Corporate IPO comprises a total issue size of 16,08,000 shares. The net offer to the public is 15,24,000 shares, after excluding 84,000 shares allotted on a firm basis. Of the Net offer 7,62,000 (50.00%) allocated to NII 7,62,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,62,000 | 50.00% | 47.39% |
| Retail Shares Offered | 7,62,000 | 50.00% | 47.39% |
| Firm Reservations | |||
| Market Maker Shares Offered | 84,000 | 5.22% | |
| Total Shares Offered | 16,08,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 6,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹1,38,000 |
| Retail (Max) | 1 | 6,000 | ₹1,38,000 |
| HNI (Min) | 2 | 12,000 | ₹2,76,000 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Unsecured loans | 0.50 |
| 2 | General Corporate Purposes | 0.08 |
The Galactico IPO is subscribed 1.16 times on September 27, 2019 6:49:01 PM (Day 4). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 1.76 | 7,62,000 | 13,38,000 |
| Retail | 0.56 | 7,62,000 | 4,26,000 |
| Total | 1.16 | 15,24,000 | 17,64,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.21 |
| 2 | Brokerage and selling commission | 0.00 |
| 3 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.06 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹23.20 |
| Low | ₹23.05 |
| High | ₹23.20 |
| Last Trade | ₹23.05 |
Lead Manager Reports
Galactico Corporate IPO is a SME IPO of 16,08,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000.
The IPO opens on Tue, Sep 24, 2019, and closes on Fri, Sep 27, 2019.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Galactico Corporate IPO using UPI as a payment gateway. Zerodha customers can apply in Galactico Corporate IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Galactico Corporate IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Galactico Corporate IPO opens on Tue, Sep 24, 2019 and closes on Fri, Sep 27, 2019.
Galactico Corporate IPO lot size is 6000, and the minimum amount required for application is ₹1,38,000.
You can apply in Galactico Corporate IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Galactico Corporate IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Galactico Corporate IPO allotment status.
The Galactico Corporate IPO listing date is on Wed, Oct 9, 2019.
