Galaxy Surfactants IPO : Withdrawn by Promotors

by khalid on 21/05/2011 · 0 comments

Galaxy Surfactants IPO had entered into primary market with an Initial Public Offer (IPO) of 5,930,000 Equity Shares of Rs 10 each. The IPO is opening on 13th May 2011 and the shares will be available for subscription up to 19th May 2011. The company was likely to raise around Rs 201.62 Crore through the issue. There were very poor response from investors for this IPO even though the rating agency CRISIL had given 4 out off 5. The issue was not able to fully subscribed on its final day of subscription and just 0.30 times subscription cameon final but one day. 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.

Notice :- Book running lead managers has informed the Share Market (BSE/NSE) that the Book Building issue of Galaxy Surfactants Limited has been withdrawn due to POOR response from investors.

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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