Galaxy Surfactants IPO opens on January 29, 2018

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Galaxy Surfactants Limited proposes to open on Monday, January 29, 2018, an initial public offering of up to 6,331,674 Equity Shares of face value of INR 10 each for cash.

The Offer consists of an Offer for Sale of up to 39,250 Equity Shares by the Promoter Selling Shareholder; up to 2,107,804 Equity Shares by the Promoter Group Selling Shareholders and up to 4,184,620 Equity Shares by the Other Selling Shareholders.

The Offer Period closes on Wednesday, January 31, 2018. The Anchor Investor Offer Period, shall be one Working Day prior to the Offer Opening Date, being, Thursday, January 25, 2018.

The Price Band for the Offer is fixed from INR 1,470 to INR 1,480 per Equity Share. Bids can be made for a minimum lot of 10 Equity Shares and in multiples of 10 Equity Shares thereafter.

The Equity Shares are being offered through the Red Herring Prospectus dated January 16, 2018 (the “RHP”) and are proposed to be listed on National Stock Exchange of India Limited and BSE Limited. For the purposes of the Offer, the Designated Stock Exchange shall be NSE.

The Book Running Lead Managers to the Offer are ICICI Securities Limited, Edelweiss Financial Services Limited and JM Financial Limited.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.