Bookbuilding IPO | ₹937 Cr | Listed at BSE, NSE | Mon, Jan 29, 2018 - Wed, Jan 31, 2018
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 ₹1,480 per share. The lot size for an application is 10. The minimum amount of investment required by an retail is ₹14,800 (10 shares) (based on upper price). 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 Open
Mon, Jan 29, 2018
IPO Close
Wed, Jan 31, 2018
Issue Price
₹1480 per share
Market Cap (Pre-IPO)
₹5,247.30 Cr
| IPO Date | 29 to 31 Jan, 2018 |
| Listed on | Thu, Feb 8, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹1470 to ₹1480 |
| Issue Price | ₹1480 per share |
| Lot Size | 10 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 63,31,674 shares (agg. up to ₹937 Cr) |
| Offer for Sale | 63,31,674 shares of ₹10 (agg. up to ₹937 Cr) |
| Share Holding Pre Issue | 3,54,54,752 shares |
| Share Holding Post Issue | 3,54,54,752 shares |
| BSE Script Code / NSE Symbol | 540935 / GALAXYSURF |
| ISIN | INE600K01018 |
Galaxy Surfactants IPO comprises a total issue size of 63,31,674 shares. Out of which, 31,65,836 (50.00%) are allocated to QIB, 9,49,752 (15.00%) allocated to NII 22,16,086 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 10 shares and in multiples thereof.
| 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 |
Galaxy Surfactants IPO raises ₹281.13 crore from anchor investors. Galaxy Surfactants IPO Anchor bid date is January 25, 2018.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Jan 25, 2018 |
| Shares Offered | 18,99,500 |
| Anchor Portion (₹ Cr.) | 281.13 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Mar 7, 2018 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, May 6, 2018 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Galaxy Surfactants IPO is subscribed 19.96 times on January 31, 2018 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 54.27 | 12,66,336 | |
| NII | 6.96 | 9,49,752 | |
| Retail | 5.92 | 22,16,086 | |
| Total | 19.96 | 44,32,174 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs including underwriting commission, brokerage and selling commission, as applicable | 24.88 |
| 2 | Advertising and marketing expenses | 4.99 |
| 3 | Fees payable to the Registrar to the Offer | 0.04 |
| 4 | Brokerage and selling commission payable to Syndicate Members and SCSB, Registered Brokers, RTAs and CDPs | 1.69 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs | 1.18 |
| 6 | Others (listing fees, legal fees, SEBI and Stock Exchanges processing fees, etc.) | 11.15 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,480.00 | ₹1,480.00 |
| Open | ₹1,520.00 | ₹1,525.00 |
| Low | ₹1,520.00 | ₹1,525.00 |
| High | ₹1,732.00 | ₹1,735.00 |
| Last Trade | ₹1,698.10 | ₹1,700.45 |
Galaxy Surfactants IPO is a main-board IPO of 63,31,674 equity shares of the face value of ₹10 aggregating up to ₹937 Crores. The issue is priced at ₹1480 per share. The minimum order quantity is 10.
The IPO opens on Mon, Jan 29, 2018, and closes on Wed, Jan 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 Mon, Jan 29, 2018 and closes on Wed, Jan 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 Wed, Feb 7, 2018. Check the Galaxy Surfactants IPO allotment status.
The Galaxy Surfactants IPO listing date is on Thu, Feb 8, 2018.
