Galaxy Surfactants Gets Listed At 3% Premium Over Issue Price

Written By: Archana
Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Manufacturer of specialty chemicals, Galaxy Surfactants, made a decent debut in the stock market. The scrip got listed at Rs 1,520 on Bombay Stock Exchange. The issue price was fixed at Rs 1,480. The stock was priced at P/E of 35.9 times during the financial year 2017 and 34.9 times during the first half of 2018 reports economic times.

    Galaxy Surfactants Gets Listed At 3% Premium Over Issue Price

    The IPO was offered from January 29 to January 31 and was subscribed 19.96 times. The Rs 937 crore IPO was subscribed 54.27 times by qualified institutional buyers, 6.96 times by noninstitutional investors and 6.01 times by retail investors.

    The company is into manufacturing surfactants and other specialty ingredients for personal and home care industries. The companies PS and SCP are utilized as raw materials in personal and home care products.

    PS is used as a raw material for manufacturing consumer staples, and SCP has a functional characteristic which adds value to end product.

    Story first published: Thursday, February 8, 2018, 12:36 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    Get Latest News alerts from Goodreturns

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more