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Galaxy Surfactants Limited IPO

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ABOUT THE COMPANY

Galaxy Surfactants Limited has set up to open its initial public offering. The IPO of Rs. 937 Crore of face value of Rs 10 each will be offered through a book building issue type at a price band of Rs 1,470-1,480 per share.

Incorporated in 1986, Galaxy Surfactants stands as India’s leading manufacturers of surfactants and other speciality ingredients for the personal care and home care industries. They deal with consumer-centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products.

Their products are organized into the following product groups:
  • Performance Surfactants: It comprises of over 45 product grades, and includes anionic surfactants and non-ionic surfactants.
  • Speciality Care Products: It comprises of over 155 product grades, and 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.

Their product portfolio comprises over 200 product grades, which are marketed to more than 1,700 customers in over 70 countries. They have a diversified customer base that comprises of multinational, regional and major FMCG companies, including, inter alia, Cavinkare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, L’ORÉAL, Procter & Gamble, Reckitt Benckiser, Ayur Herbals (Private) Limited, Jyothy Laboratories Limited and Unilever.

The company has 7 strategically-located manufacturing facilities, out of which 5 are located in India and 2 are located overseas. Currently, more than 1,200 employees are working with the company. Since 2002, a total of 47 patents have been granted to them. Currently, 10 patents in USA, and 2 patents each in China, the European Union, India, Japan and Russia, are being maintained by them.

ISSUE DETAILS

ISIN CodeINE600K01018
Issue Type100% Book Building
Issue Size (in shares)63,31,674 shares
QIB - 31,65,836 / NII - 9,49,752 / RII - 22,16,086
Issue Size (in Rs.)₹ 930.76 - ₹ 937.09
Face Value₹ 1,470.00 - ₹ 1,480.00
Issue Price₹ 10.00
Market Lot10
Minimum Order Quantity10
Minimum Investment Amount₹ 14,800.00
Maximum Order Quantity for Retail Individuals₹ 2,00,000.00

IMPORTANT DATES

Issue Open Date29-Jan-18
Issue Close Date31-Jan-18
Finalisation of Basis of Allotment with the Designated Stock Exchange05-Feb-18 (or above)
Initiation of Allotment / Refunds / Unblocking of Funds06-Feb-18 (or above)
Credit of Equity Shares to demat accounts of Allottees07-Feb-18 (or above)
Commencement of trading of the Equity Shares on the Stock Exchange08-Feb-18 (or above)
Note: The above dates after the close of issue are tentative dates.

FINANCIAL STATEMENTS

Summary of company financial statement is as below:

Particulars As on Financial Year End (in Rs. Millions)
31-Mar-13 31-Mar-14 31-Mar-15 31-Mar-16 31-Mar-17
Total Assets 9,556.85 10,240.81 10,602.19 11,092.34 12,853.83
Total Revenue 15,822.68 17,015.78 18,760.26 18,087.55 21,717.00
Profit after Tax 2.78 759.97 674.56 1,027.18 1,463.06

Detailed company financial statement is as below:

ISSUE SUBSCRIPTION DETAILS

Number of times subscribed (NSE and BSE)
As on Date & Time QIB NII RII Total
Shares Offered / Reserved 1,266,336 949,752 2,216,086 4,432,174
Day 1 – Jan 29, 2018 17:00 IST 2.7100 0.0100 0.4400 1.0000

 

IMPORTANT LINKS

Prospectus Download here
Sample Application Forms Download here

IMPORTANT CONTACT DETAILS

COMPANY
GALAXY SURFACTANTS LIMITED
C-49/2, TTC Industrial Area, Pawne, Navi Mumbai – 400 703, Maharashtra, India
Contact Person: Mr. Niranjan Ketkar, Company Secretary and Compliance Officer
Tel: +91 22 2761 6666;
Fax: +91 22 2768 6523
Email: investorservices@galaxysurfactants.com
Website: www.galaxysurfactants.com
Corporate Identity Number: U39877MH1986PLC039877
REGISTRAR
LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai 400 083, Maharashtra, India
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
E-mail: galaxy.ipo@linkintime.co.in
Investor grievance E-mail: galaxy.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalakrishnan
SEBI Registration No.: INR000004058
LEAD MANAGER
ICICI SECURITIES LIMITED
ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai 400 020
Maharashtra, India
Tel: +91 (22) 2288 2460
Fax: +91 (22) 2282 6580
E-mail: galaxy.ipo@icicisecurities.com
Website: www.icicisecurities.com
Investor grievance E-mail:
customercare@icicisecurities.com
Contact person: Arjun A Mehrotra/Rupesh Khant
SEBI registration number: INM000011179
LEAD MANAGER
EDELWEISS FINANCIAL SERVICES LIMITED
14th Floor, Edelweiss House, Off. C.S.T Road, Kalina
Mumbai 400 098, Maharashtra, India
Tel: + 91 (22) 4009 4400
Fax : +91 (22) 4086 3610
E-mail: gsl.ipo@edelweissfin.com
Investor grievance Email:
customerservice.mb@edelweissfin.com
Website: www.edelweissfin.com
Contact person: Mohit Kapoor
SEBI registration number: INM0000010650
LEAD MANAGER
JM FINANCIAL INSTITUTIONAL SECURITIES LTD
7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi
Mumbai 400 025, Maharashtra, India
Tel: +91 (22) 6630 3030
Fax: +91 (22) 6630 3330
E-mail: gsl.ipo@jmfl.com
Investor grievance email:
grievance.ibd@jmfl.com
Website: www.jmfl.com
Contact person: Prachee Dhuri
SEBI registration number: INM000010361

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