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Galaxy Surfactants IPO is a book build issue .
Galaxy Surfactants IPO bidding started from May 13, 2011 and ended on May 19, 2011.
Galaxy Surfactants IPO price band is set at ₹0.00 per share . The lot size for an application is 20. The minimum amount of investment required by an retail is ₹6,500 (20 shares). The lot size investment for sNII is 30 lots (600 shares), amounting to ₹2,04,000, and for bNII, it is 148 lots (2,960 shares), amounting to ₹10,06,400.
Centrum Capital 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 | May 13, 2011 to May 19, 2011 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹325 to ₹340 per share |
| Lot Size | 20 Shares |
| 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 IPO offers 5,040,500 shares. 2,075,500 (41.18%) to QIB, 889,500 (17.65%) to NII, 2,075,500 (41.18%) to RII. 103,775 RIIs will receive minimum 20 shares and (sNII) and (bNII) will receive minimum 600 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,075,500 (41.18%) | NA |
| NII (HNI) Shares Offered | 889,500 (17.65%) | |
| Retail Shares Offered | 2,075,500 (41.18%) | 103,775 |
| Total Shares Offered | 5,040,500 (100%) |
Galaxy Surfactants IPO opens on May 13, 2011, and closes on May 19, 2011.
| IPO Open Date | Fri, May 13, 2011 |
| IPO Close Date | Thu, May 19, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 19, 2011 |
Investors can bid for a minimum of 20 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 | 20 | ₹6,800 |
| Retail (Max) | 29 | 580 | ₹1,97,200 |
| S-HNI (Min) | 30 | 600 | ₹2,04,000 |
| S-HNI (Max) | 147 | 2,940 | ₹9,99,600 |
| B-HNI (Min) | 148 | 2,960 | ₹10,06,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1980, Galaxy Surfactants Ltd is in the business of manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care industry. Galaxy Surfactants produce a range of cosmetic ingredients including active ingredients, UV protection and functional products. Company's products used by many large FMCG companies in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care products.
Company's product portfolio has 66 products and its sales spread over 70 countries around the world. Galaxy Surfactants is a certified supplier and preferred vendor for leading companies in the field of personal and home care. Company's global customer includes Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversey, L'Oreal, Reckitt Benckiser and Unilever. Galaxy domestic customers include Ayur, CavinKare, Dabur, Emami, ITC, Marico, Procter & Gamble and many more.
| Particulars | For the year/period ended (in Rs. Million) | ||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | |
| Total Income | 5941.80 | 5693.20 | 3889.55 | 3295.12 | 2725.26 |
| Profit After Tax (PAT) | 403.42 | 267.02 | 261.79 | 255.25 | 60.70 |
| KPI | Values |
|---|---|
| RoNW | 19.77% |
The objects of the Issue are to:
1. fund the capital expenditure of company's step down subsidiary GC Egypt, through investment in company's subsidiary, GHML;
2. fund the capital expenditure for setting up new manufacturing facility at Jhagadia, Gujarat;
3. expand the capacities at company's existing manufacturing units at Tarapur;
4. expand the capacities at company's existing manufacturing units at Taloja;
5. general corporate purposes.
CRISIL has assigned an IPO Grade 4 to Galaxy Surfactants IPO. This means as per CRISIL, company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Galaxy Surfactants Ltd.
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of GALAXY SURFACTANTS LIMITED has been withdrawn.
Galaxy Surfactants Ltd.
C-49/2 TTC Industrial Area,
Pawne,
Navi Mumbai, Maharashtra, 400703
Phone: 91-22-65134444/27616666
Email: galaxy@galaxysurfactants.com
Website: http://www.galaxysurfactants.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: gsl.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Galaxy Surfactants IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at . The minimum order quantity is 20.
The IPO opens on May 13, 2011, and closes on May 19, 2011.
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 May 13, 2011 and closes on May 19, 2011.
Galaxy Surfactants IPO lot size is 20, and the minimum amount required for application is ₹6,800.
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 [.], and the allotted shares will be credited to your demat account by [.]. Check the Galaxy Surfactants IPO allotment status.
The Galaxy Surfactants IPO listing date is not yet announced. The tentative date of Galaxy Surfactants IPO listing is [.].
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