Galaxy Surfactants Ipo Subscription Day 3

Galaxy surfactants ipo subscription day 3

Business description – Galaxy Surfactants is one of India’s leading manufacturers of surfactants and other speciality ingredients for the personal care and home care industries.

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Its products find application in a host of consumer-centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products. Currently, its product portfolio comprises over 200 product grades, which are marketed to more than 1,700 customers in over 70 countries.

Its products are organized into the following product groups:

  • Performance Surfactants: Over 45 product grades, and includes anionic surfactants and non-ionic surfactants; and
  • Speciality Care Products: Over 155 product grades, and 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.

While it commenced operations as a local supplier to FMCG companies in India, the company has significantly expanded and diversified scale and scope of operations over the years so as to become a global supplier to FMCG companies across major geographies, such as Africa Middle East Turkey (AMET), Asia Pacific (APAC), Americas (North and South) and Europe.

Its diversified customer base currently comprises multinational, regional and local FMCG companies, including, inter alia, Cavinkare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, L’ORÉAL, Procter & Gamble, Reckitt Benckiser and Unilever.

Galaxy surfactants ipo subscription day 3

Promoters of Galaxy Surfactants – Mr Unnathan Shekhar, Mr Gopalkrishnan Ramakrishnan, Mr Sudhir Dattaram Patil and Mr Shashikant Shanbhag
Galaxy Surfactants IPO details
Subscription Dates29 – 31 January 2018
Price BandINR1,470 – 1,480 per share
Fresh issueNil
Offer For Sale6,331,674 shares (INR930.76 – 937.09 crore)
Total IPO size6,331,674 shares (INR930.76 – 937.09 crore)
Minimum bid (lot size)10 shares 
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Galaxy Surfactants’ financial performance (in INR crore)
FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenues1,582.31,701.61,876.01,808.82,171.71,197.3
Total expenses1,563.41,578.51,763.71,645.31,967.41,091.6
Profit after tax0.376.067.5102.7146.375.2
Net margin (%)0.04.53.65.76.76.3

Galaxy Surfactants Contact Details

Galaxy Surfactants Limited 
C-49/2
TTC Industrial Area, Pawne
Navi Mumbai – 400 703

Phone: +91 22 2761 6666
Fax: 
+91 22 2768 6523
Email:
[email protected]
Website: www.galaxysurfactants.com

Registrar of Galaxy Surfactants

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Valuation of Galaxy Surfactants (Based on latest FY)

Earnings Per Share (EPS): INR41.27

Price/Earnings (P/E) ratio: 35.61 – 35.86

Return on Net Worth (RONW): 28.68%

Net Asset Value (NAV): INR161.51 per share

Galaxy Surfactants IPO Subscription Details

CategoryShares offeredSubscription (no.

of times, at 5 PM)

Day 1Day 2Day 3
QIB1,266,3362.7110.9054.26
NII949,7520.000.186.96
Retail2,216,0860.441.955.53
Total4,432,1741.004.1219.75

Galaxy Surfactants IPO Allotment Status

Galaxy Surfactants IPO allotment status is now available on Link Intime’s website.

Galaxy surfactants ipo subscription day 3

Click on this linkto get allotment status.

Listing Performance of Galaxy Surfactants

IPO Opening Date: 29 January 2018

IPO Closing Date: 31 January 2018

Finalisation of Basis of Allotment: 5 February 2018

Initiation of refunds: 6 February 2018

Transfer of shares to demat accounts: 7 February 2018

Listing Date: 8 February 2018

Listing Price on NSE: INR1,525.0 per share (up 3.04% from IPO price)

Closing Price on NSE: INR1,700.45 per share (up 14.89% from IPO price)