The Galaxy Surfactants Company which operates in skincare products supplies sector, is coming out with its Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Galaxy Surfactants IPO.
Galaxy Surfactants IPO: Review Analysis & Details
Some basic details first about the Galaxy Surfactants IPO, which are available as of now: Image sourced as screenshot from official website of Galaxy Surfactants
- The size of Galaxy Surfactants IPO is around 200 Crore Rs. INR
- The company is in the business of supplying chemicals to the personal care, home care and FMCG sector companies and have a healthy and reputed client list
- Galaxy Surfactants claims to have a 60% market share in its key area which includes big clients like Henkel, Dabur, HLL, etc.
What is the issue size of the Galaxy Surfactants IPO?
Around 200 Crore Rs is the size of the Galaxy Surfactants IPO.
What is the price band of Galaxy Surfactants IPO?
The price band for Galaxy Surfactants IPO is Rs. 325 to 340 Rs per share.
How many shares will be sold in the Galaxy Surfactants IPO?
The total no. of shares to be sold through this IPO is 59.3 lakh shares fresh shares.
What are the IPO dates for Galaxy Surfactants IPO
As per the earlier reports, this Galaxy Surfactants IPO was supposed to open on 10 May 2011. However, as per the latest info, The IPO dates for Galaxy Surfactants IPO are from May 13, 2011 to May 19, 2011. However, investors should check the exact dates as there is no precise clarity on the IPO dates.
How will the capital raised by Galaxy Surfactants IPO be used?
It is reported that the capital raised through this IPO will be used for 3 purposes:
- Set up of expansion units in international location like Egypt, and another one domestically in Gujarat
- Company is learnt to have received a lifetime tax exemption on the Egyptian plant setup from the Egypt government
- Egypt unit will enable them to penetrate more in the African countries
See List of All IPO Articles here
Any ratings given to Galaxy Surfactants IPO?
No info about that as of now.
What are the analysts recommendations and business results for Galaxy Surfactants IPO?
The company seems to be well placed in the business sector with the following key points:
- The company has 70 international clients and more than 55% of the business is reported to come from the international clients
- The company has been in business since last 31 years
- for the nine months ending Dec 2010, the company had a good profit of around Rs 43 crore
The sector in which it operates - skincare, homecare, FMCG suplies - is a consistent sector i.e. one does not see a lot of turnaround in such areas like that seen in the technology sector where one technology kicks out other in a matter of few days. So this business aspect is expected to remain relatively stable.
The client list of the company is also good - it includes reputed names like HLL, Dabur, Henkel, P&G, ITC, L'Oreal, etc. Although the company will have dependency of the clients for its business, but such good list will ensure that it will be able to sustain. Overall, the issue looks good for investors. However, one should take the call as per the risk appetite
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