Galaxy Surfactants Limited IPO- Review

 

Galaxy Surfactants Limited was incorporated in the year 1986. It is situated in Mumbai, India. The company has its specialty in personal care and home care industries. The manufactured ingredients are used in skin care, oral care, hair care, cosmetics, toiletries and detergent products.

The portfolio of this product includes products which are marketed in 70 countries.

Products Categories

They are categorized into two categories:

1. Performance Surfactants: anionic surfactants and non-ionic surfactants are included in this.


2.  Speciality Care Products: amphoteric surfactant, preservative blends and surfactant blends are included in this.

Maufactured Products

Products manufactured by Galaxy Surfactants are

• Cavinkare Private Limited


• Colgate-Palmolive (India) Limited


• Dabur India Limited


• Henkel, Himalaya


• LOREAL


• Procter & Gamble Home Products Private Limited


• Reckitt Benckiser


• Unilever.

Company Promoters:

The name of the Promoters of the Company are-

• Mr. Unnathan Shekhar


• Mr. Gopalkrishnan Ramakrishnan


• Mr. Shashikant Shanbhag


• Mr. Sudhir Dattaram Patil

Company Financials:

Summary of financial Information (Restated Consolidated)

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

 

Issue Detail:

• Opening Date: Jan 29, 2018 - Jan 31, 2018


• Type of issue: Book Built Issue IPO


• Size Of issue:  Rs 937.09 Cr which is 6,331,674 Equity Shares


• Face Value: Rs 10 Per Equity Share


• Price Of issue: Rs 1470 - Rs 1480 Per Equity Share


• Lot of shares in the Market: 10 Shares


• Minimum Order Quantity: 10 Shares


• Listing At: BSE, NSE

Tentative Date / Timelines of Galaxy Surfactants IPO:

• Bid/Offer Opening date: Jan 29, 2018


• Bid/Offer Closing date: Jan 31, 2018


• Finalization of Allotment: On Feb 5, 2018


• Refunds: On Feb 6, 2018


• Commencement of trading of the Equity Shares on the Stock Exchanges Date: On Feb 8, 2018

Galaxy Surfactants IPO Reviews:

1. Galaxy Surfactants Limited IPO review by Dilip Davda

Galaxy Surfactants IPO Recommendations:

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Issue Subscription Detail / Current Bidding Status

	Number of Times Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Total
Shares Offered / Reserved	1,266,336	949,752	2,216,086	4,432,174
Day 1 - Jan 29, 2018 17:00 IST	2.7100	0.0100	0.4400	1.0000