Galactico IPO

Galactico IPOGalactico description – Galactico Corporate Services is a diversified financial services company in India, carrying out the business of management of fund raising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser. The company is registered as SEBI Category-I Merchant Banker having Registration Code INM000012519 and offers a range of financial services including Advisory in IPO, Merger & Acquisitions, Debt Syndications, Takeovers, Valuations, Strategic & General Corporate Advice and Business Modeling, etc. It is primarily focused on providing such services to small and midsized enterprises (SMEs). The company’s registered office and head office is situated at Nasik and it also provides services from branch offices situated in Jalgaon, Jaipur and Mumbai.

The company has two wholly owned subsidiaries –Seven Hills Beverages Limited and Instant Finserve Private Limited as well as one indirect subsidiary Palwe Pest Control Private Limited which is a subsidiary of Seven Hills Beverages Limited. Seven Hills is engaged in the business of manufacturing of packaged drinking water. Instant Finserve is engaged in financial consultancy and debt finance related businesses. Palwe Pest Control is engaged in the business of providing pest control related products and services.

Galactico Corporate Services promoters – Mr Thomas Constance Avinash Misquita And Ms Gail Lucia Misquita
Galactico Corporate Services – Upcoming IPO details
Subscription Dates 24 – 27 September 2019
IPO Price band INR23 per share
Fresh issue 300,000 shares (INR0.69 crore)
Offer for sale 1,308,000 shares (INR3.01 crore)
Total IPO size 1,608,000 shares (INR3.70 crore)
Minimum bid (lot size) 6,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Galactico IPO: Use of funds
  • Repayment of Unsecured Loans – INR0.50 crore
  • General Corporate Purposes
  • Issue expenses
Galactico Corporate Services’ financial performance (in INR crore)
FY2018 FY2019
Total revenue 16.54 19.19
Total expenses 14.61 17.17
Profit after tax 1.35 1.42
Galactico Corporate Services Contact Details
Galactico Corporate Services Limited 
2nd Floor, Shree Gurudeo Tower
Above Shirpur Co-Op Bank Ltd, Canada Corner
Nashik – 422 005 Phone: +91 253 – 231 9714
Email: [email protected]
Galactico IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.86
Day 2 0.98
Day 3 1.04
Day 4 1.22
Galactico Corporate Services Valuation (as of 31 March 2019)

Earnings Per Share (EPS): INR2.14

Price/Earnings (P/E) ratio: 10.74

Return on Net Worth (RONW): 7.64%

Net Asset Value (NAV): INR28.03 per share

Registrar of Galactico IPO
Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072 Phone: +91 22 4043 0200 
+91 22 2847 5201
 [email protected]
Galactico Corporate Services IPO Allotment Status

Galactico Corporate Services IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.

Listing performance of Galactico Corporate Services

IPO Opening Date: 24 September 2019

IPO Closing Date: 27 September 2019

Listing Date: 9 October 2019

Listing Price on BSE SME: INR23.2 per share (up 0.9% from IPO price)

Closing Price on BSE SME: INR23.05 per share (up 0.2% from IPO price)


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