Galaxy Sur­fac­tants files IPO papers with Sebi

Business Standard - - THE SMART INVESTOR -

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<

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