Galaxy Surfactants files IPO papers with Sebi

Galaxy Surfactants has filed draft papers with markets regulator to raise an estimated ~1,000 crore through an IPO. During the initial share sale, as many as 307 shareholders will sell 6,331,674 shares of the company, according to the draft red herring prospectus (DRHP) filed with Sebi. According to merchant banking sources, the IPO is expected to fetch ~1,000 crore. ICICI Securities, Edelweiss Financial Services and JM Financial Institutional Securities will manage the company's public issue. The company's equity shares are proposed to be listed on the BSE and the NSE. PTI<