Money Maker Research & Investment Advisor: Galaxy Surfactants raises Rs 281 cr from anchor investors

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Saturday, 27 January 2018

Galaxy Surfactants raises Rs 281 cr from anchor investors

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Specialty chemical manufacturer Galaxy Surfactants Limited's initial public offer (IPO) will hit capital market on Monday, 29 January 2018. Galaxy Surfactants, the leading specialty chemicals maker, on Friday announced that it has garnered over Rs 281 crore ahead of its IPO.

The IPO seeks to raise Rs 937 crore from the market. It has finalized allocation of 18,99,500 equity shares to 25 anchor investors at Rs 1,480 per share.

The offer comprises to 63,31,674 equity shares of face value of Rs 10 each for cash, Rs 10 aggregating up to Rs 937.09 Cr.

Edelweiss Financial Services, J.M Financial Institutional Securities & ICICI Securities will manage the public issue. The Company’s equity shares will be listing both on BSE and NSE. 

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