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Galaxy Surfactants receives SEBI’s approval for IPO

17 Jan 2018 Evaluate

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.

Galaxy Surfactants Share Price

1790.45 25.15 (1.42%)
17-Apr-2026 16:59 View Price Chart
Peers
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
View more..

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