Galaxy Surfactants IPO : Subscribed 0.03 times on day 2

by khalid on 17/05/2011 · 0 comments

The IPO of Galaxy Surfactants Limited has received a very poor response from the investors with the 2nd day subscription figure kust reached to 0.03 times on an overall basis. Galaxy Surfactants IPO opens on 13th May 2011 and will get closed on 19th May 2011 for subscription. The IPO has managed to get a little bit better response from Retail Individual Investors Category where it overbid by 0.05 times on the 2nd day of subscription. The price band for the issue is Rs 325 at lower level and Rs 340 at upper level. Galaxy Surfactants Limited is in the business of manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care industry.

The category-wise subscription status of IPO on closing of 2nd day is given below:-

Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 0.03 times
Retail Individual Investors : 0.05 times
Overall : 0.03 times

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Motilal Oswal Investment Advisors and Centrum Capital Ltd .

Registrar of the Issue : Link Intime (India).

Stay tuned to BelltheBull Blog for more news on Galaxy Surfactants IPO !

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