Wednesday, 11 May 2011

Galaxy Surfactants Ltd issues IPO

Galaxy Surfactants Ltd a Specialty chemicals maker coming with an Initial Public Offer of 5,93,0000 equity shares of Rs. 10/- each. The issue is about a quarter of (25.07%) fully diluted post issue paid up capital of the company. The company wishes to use this money for finance expansion of its subsidiary company GC Egypt to set up new manufacturing unit in Gujarat to expand its capacity.

The company had a net profit of Rs. 378.8 million for the year-ended March 2010 with a total income of Rs. 6.5 billion.

This issue will be a 100% book built IPO with a price band of Rs. 325/- to Rs. 340/-per equity share with minimum order quantity of 20 equity shares which will be listed in BSE and NSE. The Issue will be open on 13th May, 2011 and closes on 19th May, 2011.

The Book running lead managers are Motilal Oswal Investment Advisors Pvt Ltd and Centrum Capital Ltd.

An official source discloses that the company has 66 products with sales across 70 countries with 18 patents in India and 10 patents in United States. They are still waiting the approval of 12 more patents in India and 1 in Europe.

The IPO at a glance.

Issue Opens on May 13, 2011 - May 19, 2011
Type of Issue 100% Book Built Issue IPO
Issue Size of 5,930,000 Equity Shares of Rs. 10
Issue Size ( in Rupees) Rs. 192.73 - 201.62 Crore
Face Value of One Equity Share Rs. 10 Per Equity Share
Issue Price (Price Band) Rs. 325 - Rs. 340 Per Equity Share
Market Lot of issue 20 Shares
Minimum Order Quantity 20 Shares
Shares will be Listing At BSE, NSE

Related posts

Muthoot Finance Issues IPO


Muthoot Finance, a Non Banking Finance Company (NBFC) issues it’s Initial Public Offering (IPO) which aims to accumulate around Rs. 900 crore through 5.15 crore equity shares with a face value of Rs. 10. This IPO is a book building … Continue reading ?



Sudar Garments Ltd issues IPO




Sudar Garments Ltd is a leading manufacturer and exporter of garments such as Shirts, Trousers and wide range of Apparels. The company is established in 2002. It has a large manufacturing set ups in Maharashtra and now the products are … Continue reading ?


Tata Steel Issues (FPO) Follow on Public Offering today





Tata steel is in Tata Group of Companies earlier named TISCO and Tata Iron and Steel Company Limited and the largest steel producers in India (5th Largest steel producer in the world) and also the largest steel producing company in … Continue reading ?


C Mahendra Exports Ltd Issues IPO


C Mahendra Exports Ltd is one of the leading diamond jewellery Manufacturing Company wide spread around the world. The Company is engaged in trading and processing of diamond and diamond jewellery Now C Mahendra Exports issues Initial Public Offer (IPO) … Continue reading ?

No comments :

Post a Comment