Galaxy Surfactants has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise an estimated Rs 1,000 crore through an Initial Public Offering (IPO). The company’s shares are proposed to be listed on the BSE and NSE.
The company, which filed the draft red herring prospectus with the SEBI in November, got the regulator’s approval on January 12. The objects of the Offer are to achieve the benefits of listing the Equity Shares on the Stock Exchanges. ICICI Securities, Edelweiss Financial Services and JM Financial Institutional Securities are book running lead managers to the issue.
The company, which was incorporated in May 1986, makes surfactants and other specialty ingredients for the personal care and home care industries. Its products are used in consumer-centric personal care and home care products, including, skin care, oral care, hair care, cosmetics, toiletries and detergent products.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2241.10 |
| Godrej Consumer Prod | 1108.20 |
| Dabur India | 442.10 |
| Colgate Palmol. (I) | 2106.20 |
| P&G Hygiene | 10006.55 |
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