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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 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

Issue OpenSep 24, 2019 - Sep 27, 2019
Issue TypeFixed Price Issue IPO
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)
Face Value₹10 Per Equity Share
Issue Price₹23 Per Equity Share
Market Lot6000 Shares
Min Order Quantity6000 Shares
Listing AtBSE SME

Galactico IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum16000₹138,000
Maximum16000₹138,000

Galactico IPO Promoter Holding

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

Galactico IPO Subscription Status (Bidding Detail)

Galactico IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

NII

RII

Total

Shares Offered

762,000

762,000

1,524,000

Sep 27, 2019 18:49

1.76x

0.56x

1.16x

Galactico IPO Prospectus

Galactico IPO Rating

21
2.5
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
ISININE906Y01010
Issue Price₹23 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE SME
₹23.00
₹23.20
₹23.05
₹23.20
₹23.05
54,000

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
Email: info@galacticocorp.com
Website: http://www.galacticocorp.com/

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
Email: info@galacticocorp.com
Website: http://www.bigshareonline.com

Galactico IPO FAQs

  1. 1. What is Galactico IPO?

    Galactico IPO is an SME initial public offering of 1,608,000 equity shares of the face value of ₹10 aggregating up to ₹3.70 Crores.

    The issue price of the IPO is ₹23 Per Equity Share. The minimum order quantity is 6000 Shares per application and the offer type is Fixed Price Issue.

    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. 2. When Galactico IPO will open?

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

  3. 3. How to apply for Galactico IPO?

    Galactico IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. 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.

  5. 5. When is Galactico IPO listing date?

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

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Galactico IPO Review / Comments

Melson
4. Melson  Sep 26, 2019 09:05 I Like It. | Report Abuse Reply
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
Ravikant
3. Ravikant  Sep 25, 2019 13:28 I Like It. | Report Abuse Reply
This message has been removed by a moderator.
Jagadeesh A
3.1. Jagadeesh A  Sep 25, 2019 19:03 I Like It. | Report Abuse
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?
deepcdsl
3.2. deepcdsl  Sep 25, 2019 22:02 I Like It. | Report Abuse
SME IPOs are worst
At least this year all SME IPOs are flop
Hiteshji
2. Hiteshji  Sep 21, 2019 18:21 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Avoid and invest in secondary market.
deepcdsl
1. deepcdsl  Sep 20, 2019 19:52 I Like It. | Report Abuse Reply
Greedy pramoters aa gaye paisa mangne keliye...



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