IPO Issue Details
Issue Price / Price Band₹1,480 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size10 Shares per Lot
Total Issue Size63,31,674 shares (aggregating up to ₹937.09 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenMon, 29 Jan 2018
Subscription CloseWed, 31 Jan 2018
Anchor AllotmentThu, 25 Jan 2018
Basis of AllotmentMon, 05 Feb 2018
Initiation of RefundsTue, 06 Feb 2018
Credit of Shares to DematWed, 07 Feb 2018
Listing DateThu, 08 Feb 2018
UPI Mandate Deadline2018-01-31
Application & Investment Details
Retail — Min (1 Lots)₹14,800 — 10 shares
Retail — Max (13 Lots)₹192,400 (13 Lots)
HNI — Min (14 Lots)₹2,07,200 — 140 shares
Pre-IPO Promoter Holding3,54,54,752 shares
Post-IPO Promoter Holding3,54,54,752 shares
About Galaxy Surfactants Ltd.
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.
Objects of the Issue
(Standard — DRHP pending)
Galaxy Surfactants Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
Funding of Capital Expenditure Requirements
2
Working Capital Requirements
3
General Corporate Purposes
Detailed fund allocation will be available once the company files DRHP with
SEBI.
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,54,54,752 shares
Post-IPO Promoter Holding
3,54,54,752 shares
Lock-in Period (30%)March 7, 2018
Lock-in Period (50%)May 6, 2018