Shares of Galaxy Surfactants settled at Rs 1,698.10 on BSE, a premium of 14.74% to its offer price of Rs 1,480 per share, on its debut on the bourses today, 8 February 2018.
Meanwhile, the S&P BSE Sensex was up 330.45 points, or 0.97% to 34,413.16.
Shares of Galaxy Surfactants were listed on the BSE at Rs 1,520, a premium of 2.7% over the issue price of Rs 1,480 per share. The stock had hit a high of Rs 1,732 and low of Rs 1,520 in intraday trade. On BSE, 13.49 lakh shares were traded on the counter.
The initial public offer (IPO) of Galaxy Surfactants had received bids for 8.86 crore shares, data on NSE showed. The IPO was subscribed 20 times. The company had fixed the IPO price band of Rs 1,470 to Rs 1,480 per share. The IPO had opened on 29 January 2018 and closed on 31 January 2018.
Category-wise subscription details showed that the qualified institutional buyers (QIBs) category was subscribed 54.27 times, the non-institutional investors category was subscribed 6.96 times and the retail individual investors (RIIs) category received subscription of 6.01 times.
Ahead of the opening of the IPO, the board of directors had finalized allocation of 18.99 lakh equity shares to 25 anchor investors at Rs 1,480 per share.
On a consolidated basis, Galaxy Surfactants reported net profit of Rs 75.16 crore on total income of Rs 1197.28 crore in Q2 September 2017.
Galaxy Surfactants manufactures surfactants and other speciality chemicals for the personal- and home-care industries. Products finds application in a host of consumer-centric personal- and home-care segments including skin-, oral- and hair-care, cosmetics, toiletries and detergent products.
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