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Galactico Corporate Services Ltd IPO (Galactico IPO) Detail

Sep 24, 2019 - Sep 27, 2019

Incorporated in 2015, Galactico Corporate Services Limited is engaged in providing diversified financial services. The company manages investment advisory, fundraising activities, and underwriting of issues. Galactico also works as an advisor, manager and consultant to an issue.

It is also a SEBI authorised category-I merchant banker offering IPO advisory, debt syndication, Takeovers, Business Modeling, Merger & Acquisitions services, etc. The company provides such services to small and mid-sized enterprises (SMEs).

The registered office of the company is located in Nasik and other branch offices in Mumbai, Jalgaon and Jaipur.

Galactico has primarily two subsidiaries which are Instant Finserve Private Limited and Seven Hills Beverages Limited. Seven Hills is engaged in manufacturing of drinking water. Instant Finserve Private Limited is focused on debt finance and financial consultancy related business.

Competitive Strengths

1. Diversified business portfolio
2. Long-term relationship with clients
3. Low dependency on debt and controlled overheads

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-19 31-Mar-18
Total Assets 2,601.35 2,484.03
Total Revenue 1,919.35 1,653.94
Profit After Tax 141.82 135.13

Objects of the Issue

The objectives of the issue are to raise funds for

(a) Repayment of Unsecured loans
(b) Funding expenditure for General Corporate Purposes

Galactico IPO Details

Galactico IPO Date Sep 24, 2019 to Sep 27, 2019
Galactico IPO Face Value ₹10 per share
Galactico IPO Price ₹23 per share
Galactico IPO Lot Size 6000 Shares
Issue Size1,608,000 shares of ₹10
(aggregating up to ₹3.70 Cr)
Fresh Issue300,000 shares of ₹10
(aggregating up to ₹0.69 Cr)
Offer for Sale1,308,000 shares of ₹10
(aggregating up to ₹3.01 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Vipul Lathi is the promoter of the company.

Galactico IPO Lot Size

The Galactico IPO lot size is 6000 shares. A retail-individual investor can apply for up to 1 lots (6000 shares or ₹138,000).

Application Lots Shares Amount
Retail (Min) 1 6000 ₹138,000
Retail (Max) 1 6000 ₹138,000

Galactico IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 71.94%

Galactico IPO Review

GCSL is a company from Vipul Rathi group that planned an IPO of Seven Hills Beverages in August 2017 but withdrew it on the day of opening for some technical internal matters. Now the group is coming out with a company in the financial services sector that is currently in the doldrums. The issue is fully priced based on super consolidated performance, cash surplus risk savvy investors may consider investment at their own risk. Read detail review...


Galactico IPO Subscription Status (Bidding Detail)

The Galactico IPO is subscribed 1.16 times on Sep 27, 2019 6:49:01 PM. The public issue subscribed 0.56 times in the retail category, times in the QIB category, and 1.76 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII1.76
Retail0.56
Total1.16

Galactico IPO Prospectus

Galactico IPO Rating

21
2.5
Rating:Rated 2.5 stars
Vote Here ...

Galactico IPO Listing Date

Listing Date Wednesday, October 9, 2019
BSE Script Code 542802
NSE Symbol
Listing In MT Group of Securities
ISIN INE906Y01010
IPO Price ₹23 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹23.00
₹23.20
₹23.05
₹23.20
₹23.05

Company Contact Information

Galactico Corporate Services Ltd
2nd Floor, Shree Gurudeo Tower,
Above Shirpur Co-Op Bank Ltd,
Canada Corner, Nashik - 422 005
Phone: +91 253 231 9714
Email: info@galacticocorp.com
Website: http://www.galacticocorp.com/

Galactico IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: info@galacticocorp.com
Website: http://www.bigshareonline.com

Galactico IPO Review

Galactico IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Galactico IPO FAQs

Galactico IPO is a SME IPO of 1,608,000 equity shares of the face value of ₹10 aggregating up to ₹3.70 Crores. The issue is priced at ₹23 per share. The minimum order quantity is 6000 Shares.

The IPO opens on Sep 24, 2019, and closes on Sep 27, 2019.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

The Galactico IPO opens on Sep 24, 2019 and closes on Sep 27, 2019.

Galactico IPO lot size is 6000 Shares and the minimum order quantity is .

You can apply in Galactico IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Galactico IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Galactico IPO allotment status.

The Galactico IPO listing date is on Wednesday, October 9, 2019.
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Galactico IPO Message Board

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6 Comments

4. Melson |   Link |Sep 26, 2019 9:05:12 AM
They came out ipo in 2017 seven hill beverages limited a whole owned subsidiary the IPO was withdrawn. Now they again want money and OFS even small fresh issue issue is supposed to pay USL of promoters. RAM NAM ki loot hai loot sake to loot
3. Ravikant |   Link |Sep 25, 2019 1:28:50 PM
This message has been removed by a moderator.
3.1. Jagadeesh A |   Link |Sep 25, 2019 7:03:32 PM
Since Two Years I Had Not Headed Towards IPOs Especially SME IPOs, The Last SME IPO Shares I Bought Was HINCON, It Was Over Subscribed About 100 Times, I Wasn't Allotted In IPO But I Bought It In Secondary Market At Around 30, 33 But After That It Went On Downwards, But I Holded It More Than A Year & Sold It At Around 14, 15 Rs, In Those Days Almost All Hugely Oversubscribed SME IPOs Have The Same Stories Like This, So I Fed Up With IPO Market, & Not seen Any Main IPOs & SME IPOs. Dear Friends & Experts Plz Tell Me About The Current Sentiments & Situations Of IPO Market. And Also Tell Me Is There Asba Mode Is Still Valid Or Not?
3.2. deepcdsl |   Link |Sep 25, 2019 10:02:29 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
SME IPOs are worst
At least this year all SME IPOs are flop
2. Hiteshji |   Link |Sep 21, 2019 6:21:09 PM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Avoid and invest in secondary market.
1. deepcdsl |   Link |Sep 20, 2019 7:52:47 PM
IPO Guru IPO Guru (1200+ Posts, 1300+ Likes)
Greedy pramoters aa gaye paisa mangne keliye...