Galaxy Surfactants is entering 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 premium of the issue will be decided through a 100% Book Building Process. The price band for the issue has been fixed at Rs 325 Per Equity Share for low level and Rs 340 Per Equity Share for upper level. The company is likely to raise around Rs 201.62 Crore through the issue at the upper level of price band. 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 proceeds of the IPO are proposed to be utilized for general corporate purposes, create build, invest in or acquire, and operate business ventures.
The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
IPO Open : 13th May 2011 – 19th Apr 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : 5,930,000 Equity Shares of Rs 10 each
IPO Size : Rs 192.73 at the lower band – Rs 201.62 Crore at the upper band
Face Value : Rs 10 Per Equity Share
IPO Price : Rs 325 – Rs. 340 Per Equity Share
Minimum Bid Quantity : 20 Shares (Rs. 6800 with 1 Lot) @ upper level of price band
Maximum Bid Quantity : 580 Shares (Rs. 197200 with 29 Lots ) @ upper level of price band
Listing At : BSE, NSE
The IPO proceeds would part finance the capex plan of its step down subsidiary GC Egypt, set up new manufacturing unit at Jhagadia in Gujarat and to expand its existing capacities at Tarapur and Taloja units.
The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).
Book running lead managers to the issue are Motilal Oswal Investment Advisors and Centrum Capital Ltd .
Registrar of the Issue : Link Intime (India).
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