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Galaxy Surfactants Limited IPO (Galaxy Surfactants IPO) Detail

Jan 29, 2018 - Jan 31, 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.

Company Promoters:

Mr. Unnathan Shekhar, Mr. Gopalkrishnan Ramakrishnan, Mr. Shashikant Shanbhag and Mr. Sudhir Dattaram
Patil are the Promoters of the Company.

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

Objects of the Issue:

The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges and the sale of Equity Shares by the Selling Shareholders.

Issue Detail:

  »»  Issue Open: Jan 29, 2018 - Jan 31, 2018
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size: 6,331,674 Equity Shares of Rs 10 aggregating up to Rs 937.09 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 1470 - Rs 1480 Per Equity Share
  »»  Market Lot: 10 Shares
  »»  Minimum Order Quantity: 10 Shares
  »»  Listing At: BSE, NSE

Galaxy Surfactants IPO Reviews / Recommendations:

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Dilip Davda - Subscribe

 

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved1,266,336949,7522,216,0864,432,174
Day 1 - Jan 29, 2018 17:00 IST2.71000.01000.44001.0000
Day 2 - Jan 30, 2018 17:00 IST10.90610.18441.95534.1275
Day 3 - Jan 31, 2018 17:00 IST54.27006.96005.920019.9600

Galaxy Surfactants IPO Prospectus

Galaxy Surfactants IPO Rating

1060
3.8
Rating:Rated 3.8 stars

Vote Here ...

Galaxy Surfactants IPO Listing Date

  •   ›  Listing Date: Thursday, February 8, 2018
  •   ›  BSE Script Code: 540935
  •   ›  NSE Symbol: GALAXYSURF
  •   ›  Listing In: B
  •   ›  ISIN: INE600K01018
  •   ›  Issue Price: Rs 1480 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 1,480.00
Rs 1,520.00
Rs 1,520.00
Rs 1,732.00
Rs 1,698.10
1,349,330
NSE
Rs 1,480.00
Rs 1,525.00
Rs 1,525.00
Rs 1,735.00
Rs 1,700.45
8,538,388

Galaxy Surfactants IPO News Alerts

  1. Thursday, February 8, 2018 12:00:00 AM
    Galaxy Surfactants IPO Listing Date & Info
  2. Tuesday, February 6, 2018 12:00:00 AM
    Galaxy Surfactants IPO Allotment Status
  3. Wednesday, January 31, 2018 12:00:00 AM
    Galaxy Surfactants IPO - Close
  4. Monday, January 29, 2018 12:00:00 AM
    Galaxy Surfactants IPO - Open

Company Contact Information

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: investorservices@galaxysurfactants.com
Website: http://www.galaxysurfactants.com/

Galaxy Surfactants IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: galaxy.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Galaxy Surfactants IPO Lead Manager(s)

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Galaxy Surfactants IPO Review / Comments

avatar
764. Deepa Aggarwal  Feb 15, 2018 6:25:16 PM IST I Like It. | Report Abuse Reply
Money unblock by PNB.
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764.1. KgN  Feb 16, 2018 10:21:59 AM IST I Like It. | Report Abuse
Ah. Thank god! :P

pnb :|
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763. Sukesh Bhatnagar  Feb 15, 2018 12:23:07 PM IST I Like It. | Report Abuse Reply
Money unblock from pnb
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762. Sukesh Bhatnagar  Feb 14, 2018 4:30:19 PM IST I Like It. | Report Abuse Reply
Yes my money was also blocked. Maine mail bhi Kiya par Koi reply nahi aaya
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761. Surana ji  Feb 14, 2018 12:46:50 PM IST I Like It. | Report Abuse Reply
Amount still blocked with bank (PNB). Can anyone tell me y so?
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760. Deepa Aggarwal  Feb 13, 2018 7:47:18 AM IST I Like It. | Report Abuse Reply
Bank balance still unblock with PNB bank. Can any help in this issue???
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760.1. Jain vivek  Feb 13, 2018 11:13:07 AM IST I Like It. | Report Abuse
Send mail , asba@pnb.co.in,
asbaonline@pnb.co.in,care@pnb.co.in
Customers of PNB are facing lots of problems since January 27. Please write a complaint otherwise your money will remain blocked.
avatar
759. gamble  Jan 27, 2018 11:20:28 PM IST I Like It. 62 | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 3700+ Likes)
............. Galaxy surfactants..................
(global supplier to global brands )
_______________________________________
Product portfolio :
1) Surfactants (65%)
2) Speciality chemicals (35%)
Only 34%Revenue coming frm india rest 66% frm export.
- Good business segment
Customers : L''Oréal, Himalaya, P&G, dabur, HUL etc

Revenue CAgR = 9%
PAT caGr = 24%
EBITDA margin = 12%
RonW = 28%
PAT Margin = 6.7%
M. CAP = 5247cr
________________________________________
No of shares 35454752
(before and after issue same due to complete OFS)
2017 PAT : 146cr

EPS : 41+ => PE = 36(@1480)

2018 half year PAT = 75cr on 1196cr sales with margin 6.3%
Full yr possible PAT = 148cr on 2350cr sales with same 6.3% margin

i.e EPS = 42 => PE : 35(@1480)

Margin slightly going up frm 4.5%(2014)
To 6.7%(2017)

@7% margin PE = 32
@8% margin PE = 28
________________________________________
So here we hv again ipo with slight margin change can change PE big time type just after after Shankara, prataap, dixon, amber

So valuation may given based on sales.

Sales of 2018 =2350cr,

Now here no comparable peer but if you see speciality chemical segment or FMCG then it''s difficult to find good growth companies at M.cap/sales <= 3x.

_______________________________________
So @3x P/S = 7050 m.cap (PE = 48)
i.e Price = 1988 rs ( 1 yr tgt after list)

@2.5x P/S = 5857cr M. Cap
i.e Price = 1655 rs *(possible Listing) (PE =39)
_________________________________________
Rii form reqd 2.2L +, so if 7-8 lakh come,
Allotment ratio 1/3 type(Fair chances)
______________________________________
Concerns :
- PatanJaLi
- Max revenue comes from top most customers
- 2011
- low Top line growth
_______________________________________
ConcL.......

One may subscribe to this global exporter or may wait for last day subscription. expected listing gain 1-1.5 FD.

Consider above all as an imo only 👆
.





avatar
759.15. Djds  Feb 9, 2018 12:12:06 PM IST I Like It. | Report Abuse
Gamble bro ur idea on aster dm healthcare ipo.pls post asap.thank u
avatar
759.16. Djds  Feb 13, 2018 10:32:46 AM IST I Like It. | Report Abuse
Gamble bro ur opinion on aster dm healthcare.kindly reply
avatar
758. Sukesh Bhatnagar  Feb 12, 2018 3:47:21 PM IST I Like It. | Report Abuse Reply
On Wednesday amt will unblock
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757. Sukesh Bhatnagar  Feb 12, 2018 3:46:01 PM IST I Like It. | Report Abuse Reply
Wednesday it will unblock
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756. Ajay kumar rangwa  Feb 12, 2018 3:39:15 PM IST I Like It. | Report Abuse Reply
My application money is not unblocked in PNB account till now. Kindly anybody have information about that.
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755. Sukesh Bhatnagar  Feb 11, 2018 12:02:07 PM IST I Like It. 1 | Report Abuse Reply
Technical problem in pnb asba money still block Monday it will unblock I talk to pnb asba Sr manager
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755.1. Ajay kumar rangwa  Feb 12, 2018 3:36:49 PM IST I Like It. | Report Abuse
Till time galaxy application money not unblocked in my pnb account.
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754. Logik  Feb 10, 2018 11:52:29 AM IST I Like It. | Report Abuse Reply
@Manofsteel

Absolutely not. They track ipo application with pan & demat id combination. No need to do it from registered bank account with demat.
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754.1. Manofsteel  Feb 10, 2018 8:13:54 PM IST I Like It. | Report Abuse
Well I Have Done it Anyways and Got Allotments.
My broker is Edelweiss and They asked Me to apply through The Bank account linked with the demat only.

So...
avatar
753. Pankaj dadri  Feb 10, 2018 12:31:33 PM IST I Like It. | Report Abuse Reply
What''s the problem going on with PNB Bank.Galaxy amount still not unblocked. How to apply for next ipo?
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753.1. Manoj patel  Feb 10, 2018 6:57:06 PM IST I Like It. 1 | Report Abuse
Same problem
.. gelaxy ipo amount on hold
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752. Logik  Feb 9, 2018 3:13:31 PM IST I Like It. 1 | Report Abuse Reply
WTF....I''ve applied to 2 different Demats from SBI. I''ve applied to to all oversubbed IPO in past 6 months using SBI. NOT even a single time I got an allotment. I think its more than my luck here. Seems SBI is doing some game or their ASBA is crap.

Can anyone here confirm me that they have been allotted (in oversubscribed stock via lottery) stocks in IPO?
avatar
752.5. Manofsteel  Feb 10, 2018 11:19:48 AM IST I Like It. | Report Abuse
I have applied from SBI ASBA a couple of times.
And have got allotments in cochin Shipyard, Amber Enterprises, Mahindra Logistics And S. Chand. (Though S. Chand didn''t have a good listing but it was also 65 times oversubscribed)

I don''t think SBI ASBA has any problems.
Apply One PAN, one demat, from one bank account.
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752.6. Manofsteel  Feb 10, 2018 11:21:40 AM IST I Like It. | Report Abuse
And Only Apply From the bank account with which the demat is authenticated.
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751. RAJAKUMAR  Jan 31, 2018 2:20:45 PM IST I Like It. 2 | Report Abuse Reply
QIB NOW CROSSES 30 TIMES. NOW 32 TIMES. SO IT WILL NOT LIST DISCOUNT. STOCK MARKET IS ALWAYS RISK. SO TAKE CHANCE AND APPLY.
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751.3. RAJAKUMAR  Jan 31, 2018 2:47:37 PM IST I Like It. | Report Abuse
YES SIR HNI IS DRIVING FACTOR. HNI WILL DECIDE AFTER QIB RESPONSE.
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751.4. RAJAKUMAR  Feb 9, 2018 11:43:15 PM IST I Like It. | Report Abuse
DEAR IPO INFORMER,
WITHOUT HNI PARTICIPATION THIS STOCK LIST AT MODERATE PREMIUM. SOME COMPANIES WITHOUT HNI PARTICIPATION PERFORMED WELL IN THE PAST. LIKE SBI LIFE (ISSUE PRICE IS 700 IT LIST AT 730) HDFC LIFE SHEELA FOAM ETC. EVEN HNI PARTICIPATED HUGE LIST AT DISCOUNT LIKE POWERMECH PROJECTS COCHIN SHIPYARD IT DISCOVERD AT 450 (ISSUE PRICE IS 430). in recent year this is first company qib participated 55 times and hni below seven times. YOUR VIEW IS CORRECT HNI IS DRIVING THE FACTOR BUT ALL TIME IT DOESNT HAPPEN.
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750. Hooda  Feb 9, 2018 6:24:24 PM IST I Like It. | Report Abuse Reply
Upcoming Ipo kon kon se h...??2018 me kitne Ipo aayenge...???
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749. Best wishes  Feb 9, 2018 5:08:25 PM IST I Like It. 15 | Report Abuse Reply
*अत्यंत सुकून सा मिलता है*

*पेट्रोल* भरवाकर...

*गुप्त दान* दिए जाने का
*सुखद अहसास* मिलता..

आख़िर *31 रुपये* का
*पेट्रोल* 73 मे इसलिए
*खरीदता* हूँ क्योंकि

*कुछ लोगों* को *29 रुपये* का *गेहूँ 2 रुपये* में

*40 रुपये* का
*चावल 1 रुपये* में मिल सके।

*आओ देश के लिए कमाएं* और दें

*30% आयकर*
*28% जीएसटी,*
*पेट्रोल में 10 %,*
*लोकल टैक्स 10%,*

*ताकि देश के गरीब सांसदों, विधायकों के घर रोटी बन सके। उनके बच्चे विदेश में पढ़ सके, उनकी संपत्ति 1 साल में दोगुनी- 4 गुनी हो सके।*

*लोकसभा राज्यसभा के सांसदों को जीवन भर पेंशन मिले सके*!!

*आप आम इंसान हैं आपका घर चले न चले लेकिन देश के सभी नेताओं के ऐशो आराम में कमी नहीं होना चाहिए।*

*आओ देश के इन महानुभाओं के लिए कमाएं।*
avatar
748. Pankaj dadri  Feb 8, 2018 5:20:52 PM IST I Like It. | Report Abuse Reply
Pnb also not unblocked galaxy amount till now.
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748.1. Deepa Aggarwal  Feb 9, 2018 4:26:43 PM IST I Like It. | Report Abuse
Yes PNB has not yet unblocked the application amount.
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747. Cool Sunshine  Feb 9, 2018 9:29:21 AM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
It is a decent stock and holding at this level is individual decision.

It is not a level to buy more. Avoid adding more at this level.
avatar
747.1. Cool Sunshine  Feb 9, 2018 11:38:32 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 800+ Likes)
Luck was in our favour yesterday and gave us good listing as indian market was up.. Everyone should utilize and take as much advantage of this good listing as possible,

God knows how long this advantage will continue. This is IMO
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746. Mohit Abrool  Feb 8, 2018 9:03:54 PM IST I Like It. | Report Abuse Reply
Guys, any suggestion.
Shall i hold this or sell it near 1700?
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746.1. Proven Investor  Feb 9, 2018 10:12:10 AM IST I Like It. | Report Abuse
Target : 1870 by next week
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745. Chem cho  Jan 25, 2018 9:45:04 AM IST I Like It. 11 | Report Abuse Reply
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
Galaxy surfactants Premium Rs 300
avatar
745.8. 🇮🇳🇮🇳 ROY 🇮🇳🇮🇳  Feb 8, 2018 11:59:56 PM IST I Like It. | Report Abuse
Si senor, soy de Portugal..!
avatar
745.9. Chem cho  Feb 9, 2018 9:58:42 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1600+ Posts, 1100+ Likes)
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