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.Â
Promoters of Galaxy Surfactants – Mr Unnathan Shekhar, Mr Gopalkrishnan Ramakrishnan, Mr Sudhir Dattaram Patil and Mr Shashikant Shanbhag
| Galaxy Surfactants IPO details | |
| Subscription Dates | 29 – 31 January 2018 |
| Price Band | INR1,470 – 1,480 per share |
| Fresh issue | Nil |
| Offer For Sale | 6,331,674 shares (INR930.76 – 937.09 crore) |
| Total IPO size | 6,331,674 shares (INR930.76 – 937.09 crore) |
| Minimum bid (lot size) | 10 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| Galaxy Surfactants’ financial performance (in INR crore) | ||||||
| Â | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | H1 FY2018 |
| Total revenues | 1,582.3 | 1,701.6 | 1,876.0 | 1,808.8 | 2,171.7 | 1,197.3 |
| Total expenses | 1,563.4 | 1,578.5 | 1,763.7 | 1,645.3 | 1,967.4 | 1,091.6 |
| Profit after tax | 0.3 | 76.0 | 67.5 | 102.7 | 146.3 | 75.2 |
| Net margin (%) | 0.0 | 4.5 | 3.6 | 5.7 | 6.7 | 6.3 |
Galaxy Surfactants Contact Details
Galaxy Surfactants LimitedÂ
C-49/2
TTC Industrial Area, Pawne
Navi Mumbai – 400 703
Phone:Â +91 22 2761 6666
Fax:Â +91 22 2768 6523
Email: [email protected]
Website:Â 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:Â [email protected]
Website:Â 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
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 1,266,336 | 2.71 | 10.90 | 54.26 |
| NII | 949,752 | 0.00 | 0.18 | 6.96 |
| Retail | 2,216,086 | 0.44 | 1.95 | 5.53 |
| Â | Â | Â | Â | Â |
| Total | 4,432,174 | 1.00 | 4.12 | 19.75 |
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)
Very high marketing price
Does this ipo looks positive ?
IPO highly priced but stats looks impressive..nothing much % up for listing but has a potential to go up….. looking forward to sibscribe
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.
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.
GMP 450/
Ye apply karne layak hai k nahi ?
Go for it, good company. You will make profits if you alloted shares
Are you Surat na.
Thanks bhai
Surat = Sure
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.
Great insights as always from you but I feel this company is going to rock! Good tailwinds it has…
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?
Must apply 4000/ profit sure
GMP 450 so it should list at 1900+. I think 2000+ is also possible on listing day!!
This website is very useful and thanks for all updated valuable information about all IPO……. thanks a lot
This website is very useful and provide us valuable information about all IPO timely and thanks a lot for this.
What does the sharp correction in markets mean f or Galaxy IPO? Still profitable listing??
what is GMP of galaxy
Rs. 100+
Just 90
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.
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.
I hope I don’t get allotment in this.
Don’t worry guys. We will have a gap up opening tomorrow and FIIs will come back in droves
LTCG Only on net profit above 1lac
When will be allotment?
TOMORROW 12 HRS
Any effect of LTCG and budget 2018 on Galaxy IPO.
I think no chance of any effect
Band baj gayi hai markets ki, Galaxy kya cheez hai. SGX, Dow, NASDAQ sab 3-4% down
Pray that one dont get allotment in galaxy
This downside will definitely affect listing of galaxy surfactants
Allotment is out, Thank god I was not allotted any.
ALLOTMENT IS OUT
WHAT IS BASIS OF ALLOTMENY?
1/5
Galaxy Listed 1525 up by 45 rs