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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 ₹23.00 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). The minimum lot size investment for 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 Date | September 24, 2019 to September 27, 2019 |
| Listing Date | October 9, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹23 per share |
| Lot Size | 6,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 16,08,000 shares (aggregating up to ₹3.70 Cr) |
| Reserved for Market Maker | 84,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.1932 Cr) |
| Fresh Issue (Ex Market Maker) | 2,16,000 shares (aggregating up to ₹0.4968 Cr) |
| Offer for Sale | 13,08,000 shares of ₹10 (aggregating up to ₹3.01 Cr) |
| Net Offered to Public | 15,24,000 shares (aggregating up to ₹3.51 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 54,31,205 shares |
| Share Holding Post Issue | 57,31,205 shares |
Galactico IPO offers total 16,08,000 shares. Out of which 7,62,000 (47.39%) allocated to NII, 7,62,000 (47.39%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 84,000 (5.22%) |
| NII (HNI) Shares Offered | 7,62,000 (47.39%) |
| Retail Shares Offered | 7,62,000 (47.39%) |
| Total Shares Offered | 16,08,000 (100.00%) |
Galactico Corporate IPO opens on September 24, 2019, and closes on September 27, 2019.
| IPO Open Date | Tue, Sep 24, 2019 |
| IPO Close Date | Fri, Sep 27, 2019 |
| Tentative Listing Date | Wed, Oct 9, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 27, 2019 |
Investors can bid for a minimum of 6,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Galactico Corporate IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Repayment of Unsecured loans | 0.50 |
| 2 | General Corporate Purposes | 0.08 |
[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...
| Listing Date | October 9, 2019 |
| BSE Script Code | 542802 |
| NSE Symbol | |
| ISIN | INE906Y01010 |
| Final Issue Price | ₹23 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹23.00 |
| Open | ₹23.20 |
| Low | ₹23.05 |
| High | ₹23.20 |
| Last Trade | ₹23.05 |
Galactico Corporate Services Ltd.
2nd Floor, Shree Gurudeo Tower,
Above Shirpur Co-Op Bank Ltd,
Canada Corner,
Nashik, Maharashtra, 422005
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
Galactico Corporate IPO is a SME IPO of 16,08,000 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.
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.
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 September 24, 2019 and closes on September 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 Wednesday, October 9, 2019.
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