Galaxy Surfactants IPO

Galaxy Surfactants IPO

Galaxy Surfactants IPO

Business description - Galaxy Surfactants is one of India’s leading manufacturers of surfactants and other speciality ingredients for the personal care and home care industries. Its products find application in a host of consumer-centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products. Currently, its product portfolio comprises over 200 product grades, which are marketed to more than 1,700 customers in over 70 countries.

Its products are organized into the following product groups:

  • Performance Surfactants: Over 45 product grades, and includes anionic surfactants and non-ionic surfactants; and
  • Speciality Care Products: 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.

While it commenced operations as a local supplier to FMCG companies in India, the company has significantly expanded and diversified scale and scope of operations over the years so as to become a global supplier to FMCG companies across major geographies, such as Africa Middle East Turkey (AMET), Asia Pacific (APAC), Americas (North and South) and Europe. Its diversified customer base currently comprises multinational, regional and local FMCG companies, including, inter alia, Cavinkare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, L’ORÉAL, Procter & Gamble, Reckitt Benckiser and Unilever. 

Promoters of Galaxy Surfactants - Mr Unnathan Shekhar, Mr Gopalkrishnan Ramakrishnan, Mr Sudhir Dattaram Patil and Mr Shashikant Shanbhag
Galaxy Surfactants IPO details
Subscription Dates 29 - 31 January 2018
Price Band INR1,470 - 1,480 per share
Fresh issue Nil
Offer For Sale 6,331,674 shares (INR930.76 - 937.09 crore)
Total IPO size 6,331,674 shares (INR930.76 - 937.09 crore)
Minimum bid (lot size) 10 shares 
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Galaxy Surfactants' financial performance (in INR crore)
  FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenues 1,582.3 1,701.6 1,876.0 1,808.8 2,171.7 1,197.3
Total expenses 1,563.4 1,578.5 1,763.7 1,645.3 1,967.4 1,091.6
Profit after tax 0.3 76.0 67.5 102.7 146.3 75.2
Net margin (%) 0.0 4.5 3.6 5.7 6.7 6.3

Galaxy Surfactants Contact Details

Galaxy Surfactants Limited 
C-49/2
TTC Industrial Area, Pawne
Navi Mumbai – 400 703

Phone: +91 22 2761 6666
Fax: 
+91 22 2768 6523
Email:
[email protected]
Website: www.galaxysurfactants.com

Registrar of Galaxy Surfactants

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email[email protected]
Website: http://www.linkintime.co.in

Valuation of Galaxy Surfactants (Based on latest FY)

Earnings Per Share (EPS): INR41.27

Price/Earnings (P/E) ratio: 35.61 - 35.86

Return on Net Worth (RONW): 28.68%

Net Asset Value (NAV): INR161.51 per share

Galaxy Surfactants IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 1,266,336 2.71 10.90 54.26
NII 949,752 0.00 0.18 6.96
Retail 2,216,086 0.44 1.95 5.53
         
Total 4,432,174 1.00 4.12 19.75

Galaxy Surfactants IPO Allotment Status

Galaxy Surfactants IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing Performance of Galaxy Surfactants

IPO Opening Date: 29 January 2018

IPO Closing Date: 31 January 2018

Finalisation of Basis of Allotment: 5 February 2018

Initiation of refunds: 6 February 2018

Transfer of shares to demat accounts: 7 February 2018

Listing Date: 8 February 2018

Listing Price on NSE: INR1,525.0 per share (up 3.04% from IPO price)

Closing Price on NSE: INR1,700.45 per share (up 14.89% from IPO price)

38 COMMENTS

  1. Friends, GMP has gone down serious on GAlxy in recent days and some guys I trust are telling that deals are happening below 100 too. Galaxy may still list good but think twice before applying in IPOs now.

  2. I’m still hopeful Galaxy lists at premium but things are bad, very bad after this LTCG introduction. Looks there is more downside in the markets.

  3. Specialty chemicals is not the kind of business where high double-digit growth rates are a norm. What it means is that the demand will continue to grow at low yet steady rates but companies will need to take active steps for protecting and growing margins. This is precisely the reason why listed specialty chemical stocks trade at lower multiples while Galaxy is offering shares at high multiples.

    No doubt, it is a good company, just sharing my two cents.

    • Good information! This is why I come on this website.

      @bullsinha I guess what it means for investors like us is that we should keep booking profits. Do you suggest we sell at listing?

  4. Company has offered only 35% shares to the public / retail investor which means that financial institutions have shown great confidence in the company and will buy 65% of the offered quantity of IPO. Certainly positive….
    Issue will over subscribe.

  5. keeping in view of the valuation of the company, IPO is rightly priced and certainly it will list around RS.1750 as per my perception.

  6. IPO highly priced but stats looks impressive..nothing much % up for listing but has a potential to go up….. looking forward to sibscribe

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