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 Promoters:

Mr. Vipul Lathi is the promoter of the company.

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

IPO Opening DateSep 24, 2019
IPO Closing DateSep 27, 2019
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price₹23 per equity share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME
Issue Size1,608,000 Eq Shares of ₹10
(aggregating up to ₹3.70 Cr)
Fresh Issue300,000 Eq Shares of ₹10
(aggregating up to ₹0.69 Cr)
Offer for Sale1,308,000 Eq Shares of ₹10
(aggregating up to ₹3.01 Cr)

Galactico IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)

Galactico IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding71.94%

Galactico IPO Subscription Status (Bidding Detail)

The Galactico IPO is subscribed 1.16x times on Sep 27, 2019 18:49. The public issue subscribed 0.56x in the retail category, in the QIB category, and 1.76x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription






Galactico IPO Prospectus

Galactico IPO Rating

Rating:Rated 2.5 stars

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Galactico IPO Listing Date

Listing DateWednesday, October 9, 2019
BSE Script Code542802
NSE Symbol
Listing InMT Group of Securities
IPO Price₹23 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Galactico IPO Reviews / Ratings

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

Galactico IPO Registrar

Bigshare Services Pvt Ltd
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200

Galactico IPO FAQs

  1. What is Galactico IPO?

    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 equity 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.

  2. When Galactico IPO will open?

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

  3. What is the lot size of Galactico IPO?

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

  4. How to apply for Galactico IPO?

    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.

  5. When Galactico IPO allotment?

    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.

  6. When is Galactico IPO listing date?

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

Galactico IPO Message Board

Ranked Members  Ranked Members

4. Melson |Sep 26, 2019 09:05
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 |Sep 25, 2019 13:28
This message has been removed by a moderator.
3.1. Jagadeesh A |Sep 25, 2019 19:03
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 |Sep 25, 2019 22:02
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
SME IPOs are worst
At least this year all SME IPOs are flop
2. Hiteshji |Sep 21, 2019 18:21
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Avoid and invest in secondary market.
1. deepcdsl |Sep 20, 2019 19:52
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Greedy pramoters aa gaye paisa mangne keliye...


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