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.
Galaxy Surfactants IPO
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.
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|
|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|
|Listing On||NSE, BSE|
|Galaxy Surfactants’ financial performance (in INR crore)|
|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 Limited
TTC Industrial Area, Pawne
Navi Mumbai – 400 703
Phone: +91 22 2761 6666
Fax: +91 22 2768 6523
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: ga[email protected]
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|
Galaxy Surfactants IPO Allotment Status
Galaxy Surfactants IPO allotment status is now available on Link Intime’s website.
Click on this linkto 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)