Apply IPO

Lets Talk About Applying IPO's Before investing.

Galaxy Surfactants Files Draft Papers For IPO

Galaxy Surfactants Files Draft Papers For IPO:

Galaxy Surfactants has filed draft papers with markets regulator to raise an estimated Rs. 1,000 crore through an initial public offer (IPO).

During the initial share sale, as many as 307 shareholders will sell 63,31,674 shares of the company, according to the draft red herring prospectus (DRHP ) filed with Sebi.

According to merchant banking sources, the initial public offer (IPO) is expected to fetch Rs. 1,000 crore.

“The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges and the sale of equity shares by the selling shareholders.

“Further, company expects that listing of the equity shares will enhance its visibility and brand image and provide liquidity to its existing shareholders,” the draft papers stated.

ICICI Securities, Edelweiss Financial Services and JM Financial Institutional Securities will manage the company’s public issue. The company’s equity shares are proposed to be listed on the BSE and the NSE.

This is the company’s second attempt to go public.

Earlier in 2011, Galaxy Surfactants had entered the capital markets to raise over Rs. 200 crore through an initial share sale. However, it withdrew from the IPO market due to tepid response from investors.

Market Update:

If You Want to Reduce Your Brokerage By More Than 80% Just Get More Information Here: Save More Than 80% Brokerage.

ICICI Lombard General Insurance Company IPO also able to lists successfully at 3.1% Premium.

SBI Life Insurance Company Ltd IPO lists at 1.14% Premium. Prataap Snacks Ltd IPO (PSL IPO) also able to list at 25.62% Premium.

Godrej Agrovet Ltd IPO (GAL IPO) also lists at 29.47% Premium. Now MAS Financial Services Ltd IPO (MFSL IPO) given 42.65% listing gains to its investors.

Indian Energy Exchange Ltd IPO (IEX IPO) lists at 1.43% Discount. General Insurance Corporation of India IPO (GIC RE IPO) also lists at 4.56% discount.

Reliance Nippon Life Asset Management Ltd IPO (RNAM IPO) is able to list at 12.70% Premium.

Mahindra Logistics Ltd IPO (MLL IPO) lists at 0.03% PremiumNow The New India Assurance Company Ltd IPO (NIA IPO) also lists at 9.37% discount.

While also Khadim India Ltd IPO (KIL IPO) lists at 8.20% Discount.

Now HDFC Standard Life Insurance Co Ltd IPO (HDFC Life IPO) bidding will be active from November 07, 2017 – November 09, 2017. While HDFC Standard Life Insurance Company Ltd IPO (HSLICL) IPO Grey Market Premium (GMP) is trading between Rs 5 – Rs 10 per equity share.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance etc.

Keep watching this blog to keep yourself updated with all the news.

If you want all updates delivered to your email box just subscribe for the updates. We also hate spam so we are not going to share your details with anyone. So Just Subscribe and forget the tension of tracking the IPO’s. We will do it for you.

If you like to have a Chance to Win a Smart Phone just Like and share us.


Add a Comment

    1. This all IPO’s infact last many IPO’s were priced heavily that’s why they are down but Mahindra logistics and IEX are good from long term view and for khadim we need to wait to see earning of next 1-2 quarter to see it’s future and performance.

Leave a Reply

Your email address will not be published. Required fields are marked *

Apply IPO © 2018