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Galaxy Surfactants IPO is a book build issue of ₹937.09 crores. The issue is entirely an offer for sale of 0.63 crore shares of ₹937.09 crore.
Galaxy Surfactants IPO bidding started from Jan 29, 2018 and ended on Jan 31, 2018. The allotment for Galaxy Surfactants IPO was finalized on Feb 5, 2018. The shares got listed on BSE, NSE on Feb 8, 2018.
Galaxy Surfactants IPO price band is set at ₹1480.00 per share . The lot size for an application is 10. The minimum amount of investment required by an retail is ₹14,700 (10 shares). The lot size investment for sNII is 14 lots (140 shares), amounting to ₹2,07,200, and for bNII, it is 68 lots (680 shares), amounting to ₹10,06,400.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹1470 to ₹1480 per share |
| Issue Price Final | ₹1480 per share |
| Lot Size | 10 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 63,31,674 shares (aggregating up to ₹937.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,54,54,752 shares |
| Share Holding Post Issue | 3,54,54,752 shares |
Galaxy Surfactants IPO offers total 63,31,674 shares. Out of which 31,65,836 (50.00%) allocated to QIB, 12,66,336 (20.00%) allocated to QIB, 9,49,752 (15.00%) allocated to NII, 22,16,086 (35.00%) allocated to RII and 18,99,500 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 31,65,836 (50.00%) | NA |
| − Anchor Investor Shares Offered | 18,99,500 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 12,66,336 (20.00%) | NA |
| NII (HNI) Shares Offered | 9,49,752 (15.00%) | NA |
| Retail Shares Offered | 22,16,086 (35.00%) | 2,21,608 |
| Total Shares Offered | 63,31,674 (100.00%) |
Galaxy Surfactants IPO opens on January 29, 2018, and closes on January 31, 2018.
| IPO Open Date | Mon, Jan 29, 2018 |
| IPO Close Date | Wed, Jan 31, 2018 |
| Tentative Allotment | Mon, Feb 5, 2018 |
| Initiation of Refunds | Tue, Feb 6, 2018 |
| Credit of Shares to Demat | Wed, Feb 7, 2018 |
| Tentative Listing Date | Thu, Feb 8, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jan 31, 2018 |
Investors can bid for a minimum of 10 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 | 10 | ₹14,800 |
| Retail (Max) | 13 | 130 | ₹1,92,400 |
| S-HNI (Min) | 14 | 140 | ₹2,07,200 |
| S-HNI (Max) | 67 | 670 | ₹9,91,600 |
| B-HNI (Min) | 68 | 680 | ₹10,06,400 |
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 | |
[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...
| Listing Date | February 8, 2018 |
| BSE Script Code | 540935 |
| NSE Symbol | GALAXYSURF |
| ISIN | INE600K01018 |
| Final Issue Price | ₹1480 per share |
| BSE Listing Group | B |
Galaxy Surfactants Ltd.
C-49/2, TTC Industrial Area,
Pawne,
Navi Mumbai - 400 703
Navi Mumbai, Maharashtra
Phone: +91 22 2761 6666
Email: investorservices@galaxysurfactants.com
Website: http://www.galaxysurfactants.com/
MUFG Intime India Pvt.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 63,31,674 equity shares of the face value of ₹10 aggregating up to ₹937.09 Crores. The issue is priced at ₹1480 per share. The minimum order quantity is 10.
The IPO opens on January 29, 2018, and closes on January 31, 2018.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Galaxy Surfactants IPO using UPI as a payment gateway. Zerodha customers can apply in Galaxy Surfactants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Galaxy Surfactants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Galaxy Surfactants IPO opens on January 29, 2018 and closes on January 31, 2018.
Galaxy Surfactants IPO lot size is 10, and the minimum amount required for application is ₹14,800.
You can apply in Galaxy Surfactants 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 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.
The Galaxy Surfactants IPO listing date is on Thursday, February 8, 2018.
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