Galaxy Surfactants IPO
Galaxy Surfactants IPO — date, price band, lot size & details 2018
Galaxy Surfactants listed on 8 Feb 2018 at ₹1,525, 3% above the ₹1,480 issue price.
Galaxy Surfactants makes surfactants and other speciality ingredients for personal care and home care products. Its total income was Rs 2,171.70 crore in FY2017.
Stock price
Galaxy Surfactants is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 14 November.
- Open 29 Jan 2018
- Close 31 Jan 2018
- Allotment 05 Feb 2018
- Refund/credit 06 Feb 2018
- Listing 08 Feb 2018
Issue summary
The terms of the offer, as filed.
| IPO Dates | 29 to 31 Jan, 2018 |
|---|---|
| Price Band | ₹1470 – ₹1480 |
| Face Value | ₹10 |
| Lot Size | 10 Shares |
| Issue Size | ₹937.09 Cr |
| Sale Type | OFS only |
| Listing On | BSE, NSE |
| Registrar | MUFG Intime India Private Limited |
| Min Investment | ₹ 14,800 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 10 shares at the ₹1480 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 10 | ₹14,800 |
| Retail (max) | 13 | 130 | ₹1,92,400 |
| S-HNI (min) | 14 | 140 | ₹2,07,200 |
| S-HNI (max) | 67 | 670 | ₹9,91,600 |
| B-HNI (min) | 68 | 680 | ₹10,06,400 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Profit after tax rose from Rs 67.46 crore in FY2015 to Rs 146.31 crore in FY2017.
- 02EBITDA rose from Rs 191.76 crore in FY2015 to Rs 278.05 crore in FY2017.
- 03Total borrowing fell from Rs 374.22 crore in FY2015 to Rs 313.39 crore on 30 September 2017.
- 04Net worth rose from Rs 377.89 crore in FY2015 to Rs 635.04 crore on 30 September 2017.
Risks · 5
- 01Total income fell from Rs 1,876.03 crore in FY2015 to Rs 1,808.76 crore in FY2016, following raw material prices.
- 02Its raw materials are linked to palm and crude oil prices; total assets were Rs 1,315.27 crore.
- 03It depends on large FMCG customers, who have strong bargaining power; profit was Rs 75.16 crore in six months to September 2017.
- 04The whole Rs 937.09 crore issue was an offer for sale, so none of it went to the company.
- 05Promoters held 76.98% before the issue and 70.92% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Galaxy Surfactants offer document.
| Metric | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 1,315.27 | 1,285.38 | 1,109.23 | 1,060.22 |
| Total Income | 1,197.28 | 2,171.70 | 1,808.76 | 1,876.03 |
| Profit After Tax | 75.16 | 146.31 | 102.72 | 67.46 |
| EBITDA | 145.13 | 278.05 | 239.59 | 191.76 |
| NET Worth | 635.04 | 572.61 | 447.77 | 377.89 |
| Reserves and Surplus | 599.59 | 537.16 | 412.32 | 342.43 |
| Total Borrowing | 313.39 | 333.54 | 338.15 | 374.22 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Where the money goes
How the company intends to use the proceeds of the issue.
Information about the usage of proceeds from the Galaxy Surfactants IPO will be updated shortly.
Galaxy Surfactants IPO Anchor Investors
33 anchor investors across 22 fund houses committed ₹281.13 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its ingredients are used in consumer products such as skin care, oral care, hair care, cosmetics, toiletries and detergents.
It makes surfactants along with other speciality care ingredients.
The IPO was Rs 937.09 crore and was entirely an offer for sale at Rs 1,480, the top of the Rs 1,470 to Rs 1,480 band, so the company received no money.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Galaxy Surfactants IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
ICICI Securities
221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Edelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Galaxy Surfactants?
The current Grey Market Premium is ₹67.5, or 5% over the issue price.
What is the Galaxy Surfactants IPO price band?
₹1470 to ₹1480, on a face value of ₹10.
When is the allotment?
The basis of allotment is 5 February 2018, with listing on 8 February 2018.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — MUFG Intime India Private Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
