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 Dates29 - 31 January 2018
Price BandINR1,470 - 1,480 per share
Fresh issueNil
Offer For Sale6,331,674 shares (INR930.76 - 937.09 crore)
Total IPO size6,331,674 shares (INR930.76 - 937.09 crore)
Minimum bid (lot size)10 shares 
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE
Galaxy Surfactants' financial performance (in INR crore)
 FY2013FY2014FY2015FY2016FY2017H1 FY2018
Total revenues1,582.31,701.61,876.01,808.82,171.71,197.3
Total expenses1,563.41,578.51,763.71,645.31,967.41,091.6
Profit after tax0.376.067.5102.7146.375.2
Net margin (%)0.04.53.65.76.76.3

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

CategoryShares offeredSubscription (no. of times, at 5 PM)
Day 1Day 2Day 3
QIB1,266,3362.7110.9054.26
NII949,7520.000.186.96
Retail2,216,0860.441.955.53
     
Total4,432,1741.004.1219.75

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 thoughts on “Galaxy Surfactants IPO

  • February 8, 2018 at 9:48 AM
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    Galaxy Listed 1525 up by 45 rs

    Reply
  • February 6, 2018 at 4:27 PM
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    WHAT IS BASIS OF ALLOTMENY?

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  • February 6, 2018 at 12:46 PM
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    Allotment is out, Thank god I was not allotted any.

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  • February 6, 2018 at 9:04 AM
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    Band baj gayi hai markets ki, Galaxy kya cheez hai. SGX, Dow, NASDAQ sab 3-4% down

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    • February 6, 2018 at 11:49 AM
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      Pray that one dont get allotment in galaxy

      Reply
    • February 6, 2018 at 11:51 AM
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      This downside will definitely affect listing of galaxy surfactants

      Reply
  • February 5, 2018 at 11:56 AM
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    Any effect of LTCG and budget 2018 on Galaxy IPO.

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    • February 6, 2018 at 10:41 AM
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      I think no chance of any effect

      Reply
  • February 5, 2018 at 11:53 AM
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    When will be allotment?

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    • February 5, 2018 at 4:34 PM
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      TOMORROW 12 HRS

      Reply
  • February 5, 2018 at 11:15 AM
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    LTCG Only on net profit above 1lac

    Reply
  • February 4, 2018 at 6:25 PM
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    Don’t worry guys. We will have a gap up opening tomorrow and FIIs will come back in droves

    Reply
  • February 4, 2018 at 7:15 AM
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    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.

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    • February 4, 2018 at 10:12 AM
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      I hope I don’t get allotment in this.

      Reply
  • February 4, 2018 at 7:05 AM
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    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.

    Reply
  • February 3, 2018 at 8:56 AM
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    What does the sharp correction in markets mean f or Galaxy IPO? Still profitable listing??

    Reply
  • January 31, 2018 at 3:08 PM
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    This website is very useful and provide us valuable information about all IPO timely and thanks a lot for this.

    Reply
  • January 31, 2018 at 11:57 AM
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    This website is very useful and thanks for all updated valuable information about all IPO……. thanks a lot

    Reply
  • January 31, 2018 at 10:10 AM
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    GMP 450 so it should list at 1900+. I think 2000+ is also possible on listing day!!

    Reply
  • January 30, 2018 at 10:45 PM
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    Must apply 4000/ profit sure

    Reply
  • January 30, 2018 at 1:39 PM
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    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.

    Reply
    • January 30, 2018 at 3:15 PM
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      Great insights as always from you but I feel this company is going to rock! Good tailwinds it has…

      Reply
    • January 31, 2018 at 10:04 AM
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      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?

      Reply
  • January 29, 2018 at 10:54 PM
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    Ye apply karne layak hai k nahi ?

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    • January 30, 2018 at 9:09 AM
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      Go for it, good company. You will make profits if you alloted shares

      Reply
  • January 23, 2018 at 6:46 PM
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    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.

    Reply
  • January 23, 2018 at 6:36 PM
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    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.

    Reply
  • January 23, 2018 at 11:34 AM
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    IPO highly priced but stats looks impressive..nothing much % up for listing but has a potential to go up….. looking forward to sibscribe

    Reply
  • January 22, 2018 at 1:36 PM
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    Does this ipo looks positive ?

    Reply
  • January 22, 2018 at 7:53 AM
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    Very high marketing price

    Reply

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