Galaxy Surfactants Limited – Issue Subscribed 20 Times

The offer for sale from Galaxy Surfactants Limited was subscribed 20 times. The company had through an offer for sale offered 63,31,674 equity shares in a price band of Rs 1,470 – 1,480. The issue opened on Monday the 29th of January and closed on Wednesday the 31st of January. The company allotted 18,99,500 equity shares to 25 anchor investors comprising of 30 entities.

The issue received excellent support from QIB who subscribed their portion 54.27 times. Something went wrong with the funding arrangements and the HNI portion was subscribed 6.96 times. Retail portion was well subscribed and received bids for 6.01 times the bucket size.

Full details of the subscription are given below: –

Galaxy Surfactants Subscription

Bucket Size Shares Applied for Times Oversubscribed
QIB 1266336 68725080 54.27
HNI 949752 6610610 6.96
Retail 2216086 13312860 6.01
Total 4432174 88648550 20.00
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