Galactico Corporate Services Ltd is set to debut in the stock market with an issue size ₹3.70 Cr. Galactico Corporate Services Ltd is a diversified financial services firm that offers investment advice, fundraising services, and issue underwriting. It is also a SEBI-licensed category-I merchant banker that provides IPO guidance, loan syndication, takeovers, business modelling, and merger and acquisition services to SMEs. It has two companies, Quick Finserve Private Limited and Seven Hills Beverages Limited, that are engaged on debt financing and financial consulting.
Galactico Corporate Services Ltd IPO Details
| IPO Date | Sep 24, 2019 to Sep 27, 2019 |
| Listing Date | Oct 9, 2019 |
| Face Value | ₹10 per share |
| Price | ₹23 per share |
| Lot Size | 6000 Shares |
| Total Issue Size | 1,608,000 shares(aggregating up to ₹3.70 Cr) |
| Fresh Issue | 300,000 shares(aggregating up to ₹0.69 Cr) |
| Offer for Sale | 1,308,000 shares of ₹10(aggregating up to ₹3.01 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Galactico IPO Reservation
| NII (HNI) Shares Offered | 762000 |
| Retail Shares Offered | 762000 |
| Market Maker portion | 84,000 shares |
| Total Shares Offered | 1,524,000 |
Company Overview
Galactico Corporate Services Limited is a diversified financial services company in India, registered as a SEBI Category-I Merchant Banker. They provide services such as advisory in IPO, Mergers & Acquisitions, debt syndications, takeovers, valuations, strategic & general corporate advice, and business modeling primarily to small and mid-sized enterprises (SMEs).
The company was incorporated in 2015 and has a team of qualified professionals with relevant industry experience. Their objective is to provide professional advice and consultancy to SMEs and startups looking to access growth capital and expand their business horizons.
Galactico has two wholly owned subsidiaries, Seven Hills Beverages Limited and Instant Finserve Private Limited, and an indirect subsidiary, Palwe Pest Control Private Limited. In the Restated Consolidated Financial Statement, their total income for 2019 was M 1,919.35 Lakhs, with a profit after tax of M 141.82 Lakhs.
Industry Overview
Capital markets, insurance, and non-banking financial firms comprise India’s financial services industry (NBFCs). In 2019, India’s gross national savings (GDS) as a proportion of its GDP was at 30.50 percent.
Initial Public Offerings (IPOs) climbed to Rs 84,357 crore at the end of FY18, Ultra High Net Worth Individual (UHNWI) increased to 2,697 in 2018, and the UHNWI population expanded by 118% between 2013 and 2018.
Equity mutual funds saw a record net inflow of Rs 990.87 billion (US$ 14.18 billion) in FY19. Overall equity funding in the microfinance sector increased by 39.86%.
Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |
| 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 2,601.35 | 2,484.03 |
| Total Revenue | 1,919.35 | 1,653.94 |
| Profit After Tax | 141.82 | 135.13 |
Objects of the Issue
The Company intends to apply the Net Funds from the Offering to the following purposes:
- Unsecured loan repayment
- General corporate purpose funding expense
Strengths
- Promoter and Management Team are Qualified and Experienced
- A strong professional and execution team enables the company to grow its business.
- Services portfolio diversification
- Client-Centered Solutions and Quality Assurance
- Minimal debt reliance and controlled overheads
Weaknesses
- limited operating history and investors
- Do not own our registered office or any of the other buildings from which we operate.
Tutorials Point (India) Ltd Lead Manager(s)
- Aryaman Financial Services Limited.
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
Company Contact Information
Galactico Corporate Services Ltd
2nd Floor, Shree Gurudeo Tower, Above Shirpur Co-Op Bank Ltd, Canada Corner, Nashik – 422 005
Phone: +91 253 231 9714
Email: info@galacticocorp.com
Website: http://www.galacticocorp.com/
Company Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: info@galacticocorp.com
Website: https://www.bigshareonline.com/
