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.