Galaxy Surfactants IPO is manufacturer of surfactants and other specialty ingredients for the personal care and home care industries and is all set to make a debut in the stock market with an issue size of 980.14 Cr.
Galaxy Surfactants IPO – Overview
| Issue Date | Jan 29-31 -2018 |
| IPO Opening Date | 29 Jan 2018 |
| IPO Face Value | INR 10 per share |
| IPO Price | INR 1480 per share |
| Lot Size | 10 Shares |
| Issue Size | 980.14 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 54.27 times |
| NII (HNI) Shares | 6.96 times |
| Company Promoters | Mr. Unnathan Shekhar, Mr. Gopalkrishnan Ramakrishnan, Mr. Shashikant Shanbhag and Mr. Sudhir Dattaram Patil are the Promoters of the Company. |
Tentative Dates
| Opening date | 29 Jan 2018 |
| Closing date | 31 Jan 2018 |
| Basis of Allotment | 5 Feb 2018 |
| Initiation of Refunds | 6 Feb 2018 |
| The credit of Shares to Demat | 7 Feb 2018 |
| GALAXY SURFACTANTS IPO Listing Date | 8 Feb 2018 |
Company Overview
Galaxy Surfactants Limited is Mumbai, India based manufacturer of surfactants and other specialty ingredients for the personal care and home care industries. The ingredients company manufacture are commonly used in consumer-centric personal care and home care products like skin care, oral care, hair care, cosmetics, toiletries and detergent products. Galaxy surfactants product portfolio includes over 200 product grades, which are marketed to over 1,700 customers in 70 countries.
Galaxy surfactants products are classified in 2 categories:
1. Performance Surfactants: This includes anionic surfactants and non-ionic surfactants.
2. Specialty Care Products: This 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.
Galaxy surfactants is a leading manufacturer of these ingredients. Almost all major FMCG companies in India are Galaxy surfactants customers. This includes Cavin Kare Private Limited, Colgate-Palmolive (India) Limited, Dabur India Limited, Henkel, Himalaya, LOREAL, Procter & Gamble Home Products Private Limited, Reckitt Benckiser and Unilever.
Industry Overview
Phenoxyethanol preservatives are largely used in the home and personal care industry as preservatives in finished products. For instance, phenoxyethanol, along with other preservatives such as potassium sorbate, benzothiazolinone, and methylisothiazolinone, is a key ingredient for preventing bacterial attack in aqueous cleaning and stain-removing homecare products. Furthermore, personal care is another significant application segment, which comprises color cosmetics, wipes, perfumes, fragrances, and skin and hair care products. Phenoxyethanol possesses mild preservative properties and, hence, the cosmetic industry is currently focusing on developing innovative blends of phenoxyethanol for personal care preservation.
In terms of volume, the global demand for phenoxyethanol preservatives stood at 39.2-kilo tons in 2013 and is expected to reach 51.2-kilo tons by 2020, increasing at a CAGR of 3.9% between 2014 and 2020. In terms of revenue, the phenoxyethanol preservatives market was valued at USD 95.8 Million in 2013 and is anticipated to reach USD 143.2 143.2 Million20, expanding at a CAGR of 5.9% between 2014 and 2020. The global phenoxyethanol preservatives market is driven by strong growth in cosmetic products coupled with a shift towards phenoxyethanol-based blends in the cosmetic industry.
Objectives
- The objects of the Offer are to achieve the benefits of listing Equity Shares on the Stock Exchanges and the sale of Equity Shares by the Selling Shareholders.
Financial Statements
| Particulars | 31-March-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 12,853.83 | 11,092.34 | 10,602.19 |
| Total Revenue | 21,717.00 | 18,087.55 | 18,760.26 |
| Profit After Tax | 1,463.06 | 1,027.18 | 674.56 |
Company Contact Information
Galaxy Surfactants Limited
C-49/2, TTC Industrial Area,
Pawne,
Navi Mumbai – 400 703
Phone: +91 22 2761 6666
Email: investorservices@galaxysurfactants.com
Website: http://www.galaxysurfactants.com/
Galaxy Surfactants IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: galaxy.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Galaxy Surfactants IPO Lead Manager(s)
- Edelweiss Financial Services Ltd (Past IPO Performance)
- ICICI Securities Limited (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
