Galaxy Surfactants Limited IPO Message Board (Page 38)

After looking at the financials i think the promoters might have manipulated the fy 17 profits for the purpose of ipo... So subscribe this ipo with caution

Can any one tell , is it good stock to invest?

this ipo valuation is high ? can apply for this ipo

DRHP states that no comparable co. Can anyone point out their exclusive product which makes them incomparable with other listed chemical companies?

29. Chem cho May 18, 2011 10:03:43 PM IST I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
thanks to all for withdrawal of issue by book builing manager who haved priced the ipo very high the main culprit is not the issue but motilal oswal and centrum capital who had priced at high rate of galaxy ipo
read my quotes again of 114 again for your reference again

In an interview in tv channel new sebi cheif was discusing with the new ipos, he has said an important point that track record of managers to the issues should be one point in appling the ipo ie good managers to the issue , price the ipo attrative so that some money is left on table
this ipo is over priced most of the analist say avoid the issue
an small issue of 200 croes should suscribe 20 to 30 times in QIB then only think of appling

      Number of Times Subscribed (BSE + NSE)
As on Date & Time      QIB      NII      RII      Total
Shares Offered / Reserved      2,075,500      889,500      2,075,500      5,040,500
Day 1 - May 13, 2011 17:00 IST      0.0000      0.0000      0.0100      0.0000
Day 2 - May 16, 2011 17:00 IST      0.0000      0.0300      0.0500      0.0300
Day 3 - May 17, 2011 17:00 IST      0.0000      0.0300      0.0700      0.0300
Day 4 - May 18, 2011 17:00 IST      0.5900      0.0400      0.1100      0.3000
Company Financials:
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
Objects of the Issue:
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.

this is again highly priced issue

@ Chen cho
Thanks for your valuable input. Must assess deeply before applying.Very greedy promoters. Again trying to time the bull market and make innocent investors their prey.
How they have mentioned in their DRHP that no competitor. I feel this is done to avoid comparison with listed players as they do not have any exclusive product which nobody else makes.
What SEBI is studying before clearing IPO.? Shame on them also.

Good company
Apply with full force

Good IPO

Chor company he avoid galaxy ipo

What about forthcoming IPOs, anyone knows about HAL IPO, ICICI SECURITIES IPO falls on which month,

2017 EPS RS.42 SO IT IS COMING AROUND 35 PE. THE COMPANY COMING AROUND GOOD VALUATION. NOW IT WILL SUBSCRIBE HEAVILY. AND ALSO IT WILL LIST GOOD LISTING GAIN. 2017 IS DIFFERENT. DONT LOOK INTO 2011 FACTORS.

*2011*
*Galaxy Surfactants Ltd IPO*

»» Issue Open: May 13, 2011 - May 19, 2011
»» Issue Type: Book Built Issue IPO
»» Issue Size: 5,930,000 Equity Shares of Rs 10 aggregating up to Rs 0.00 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 325 - Rs 340 Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Listing At: BSE, NSE

*Galaxy Surfactants Ltd IPO*
*FINAL SUBS.FIGURE*
*ON DAY 4---18 MAY 2011*
QIB 0.59X
NII 0.04X
RII 0.11X
TOTAL 0.30X

*IPO Notices:Galaxy Surfactants IPO Withdrawn*
NSE Website Alert posted on 18th May 2011
Book Running Lead Manager to the issue has informed the Exchange that the Book Building issue of GALAXY SURFACTANTS LIMITED has been withdrawn

@Gamble Sir need your valuable suggestions

nice remarks ipo is coming very good this time

www.rupyacontrol.com

www.samvitaayurved.com

IPO in 2011----350Rs nearlyRs 1480Rs in 2018.....big scams ........avoid this IPO.........loot lega.

OK, You stay away..

Admin should mention about the failed IPO of this company in your wrteup please.

Have a look at this article too guys.
http://www.moneycontrol.com/news/trends/features-2/galaxy-surfactants-taking-risk-for-success-2305171.html

GMP may start with 400-500. Another bumper IPO .

Don''t talk about GMP of this IPO. Better to stay away from this IPO. It appears something strong fraud as the same IPO was unsuccessful in 2011 at 350/- and the same company is trying to exploit money from public at 1480/-.

Thanks to the alert boarders on this board to wake up & made aware of the fact to rest of the investors to reveal the reality.

Smelling something fishy big fraud.

In 2010 their PAT was 40 Cr and in 2013 it went down to 0.2 Cr

Ref: /ipo/galaxy_ipo/309/

Ya, i had the same question in mind when i say both these pages.

/ipo/galaxy_ipo/309/ it was withdrawn last time with just 30% bids. This time it''ll cross 30x. ;)

avoid such high price issues

@ AVI IPO
My question is a company which is rejected by public before 7 year @ 340 is able to issue @ 1480/- ?

^^^ Hey! Anything is possible these days....Have you had a look at the bond yields? They have shot through the roof..and still the interest rates are being lowered in a preposterous manner...hilarious isn''t it? .....A deluge of taxes wash away over 60% of the takeaway income and still the purchasing power and the consumer confidence numbers paint a buoyant picture....Somethings awfully wrong somewhere..no?

Now consider a common citizen who uses the food, clothes etc as the raw material, Car, house, cellphones. computers etc as depreciating assets and the will power, intelligence as non tangible capital employed to run the bodily business for oneself and the family members who are the legit stakeholders and then calculate the return on this equity considering the ever rising tax payouts and other costs with little to no social benefits and you should most likely get your answer.....:|

When compared with previous outing one thing that has remained unchanged is the Registrar to the issue. Lead Managers to the issue have changed . Well known Lead Managers managing the issue will the fortunes of this company change now ? Only time will tell