Friday, January 19, 2018

Galaxy Surfactants IPO Dates, Price Band, Market Lot Details

Galaxy Surfactants ipo is coming on 29 January. The company is leading surfactants manufacturer in India. They are manufacturing specialty ingredients for the personal care and home care industries. The company is incorporated in 1986 and based in Mumbai. Their surfactants used in products like skin care, hair care, cosmetics, oral care, toiletries and detergent products. They have 200 product grades as well. They are manufacturing products for bigger brangs like avinkare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, LOREAL, Procter & Gamble Home Products Private Limited, Reckitt Benckiser and Unilever. They have 1200 employees and located in 5 cities in India. They have 2 overseas offices as well.

Case Study: The company came up with ipo in May-2011 and they withdraw their ipo due to the less interest. The ipo was subscribed 0.30 times overall in 4 days. The price band was rupees 325-340 in 2011.

Galaxy Surfactants IPO Review:
  • Apply for Listing Gain (Keep GMP in Mind)
Galaxy Surfactants IPO Dates & Price Band: (Approx)
  • IPO Open: 29-January-2018
  • IPO Close: 31-January-2018
  • IPO Size: Approx Rs. 937 Crore (Approx)
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 1470 to 1480 Per Share
  • Listing on: BSE & NSE
  • Retail Portion: 35%
  • Equity:  6,331,674 Shares
Galaxy Surfactants IPO Market Lot:
  • Shares: Apply for 10 Shares (Minimum Lot Size)
  • Amount: Rs.14,800
Galaxy Surfactants IPO Allotment & Listing:
  • Basis of Allotment: 5-February-2018
  • Refunds: 6-February-2018
  • Credit to demat accounts: 7-February-2018
  • Listing: 8-February-2018
Galaxy Surfactants Financial:
The company has posted a good results in 2017 but there are some things to check before year 2013. In 2010 the PAT was 40 crore and it went down to 0.3 crore in 2013. It was a big downfall for the company. They picked up in 2016 and reached a good PAT around 146 which is a good to go. As the price seems to be high but people will surely check the gmp before investing. As the big names with the company it might give a good reason for long term investment.

Rs. in Crore

2013 2014 2015 2016 2017
Revenues 1582 1702 1876 1809 2172
Expenses 1563 1579 1764 1967 1967
PAT 0.3 76.0 67.5 102.7 146.3

Company Promoters:
  • Mr. Unnathan Shekhar
  • Mr. Gopalkrishnan Ramakrishnan
  • Mr. Shashikant Shanbhag
  • Mr. Sudhir Dattaram
Quick Links:
DRHP Draft Prospectus

Galaxy Surfactants IPO Registrar:
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969
Galaxy Surfactants IPO Lead Managers:
  • Edelweiss Financial Services Limited
  • ICICI Securities Limited
  • JM Financial Institutional Securities Limited
Company Address:
Galaxy Surfactants Limited
C-49/2, TTC Industrial Area,
Navi Mumbai - 400 703
Phone: +91 22 2761 6666
Fax: +91 22 2768 6523