Galaxy Surfactants Ltd IPO - May 19, 2011

Issue Price: Rs. 325 - Rs. 340

Issue Detail:
»» Issue Open: May 13, 2011 - May 19, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 5,930,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 192.73 - 201.62 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Minimum Order Quantity: 20 Shares
»» Listing At: BSE, NSE

Incorporated in 1980, Galaxy Surfactants Ltd is in the business of manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care industry. Galaxy Surfactants produce a range of cosmetic ingredients including active ingredients, UV protection and functional products. Company's products used by many large FMCG companies in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care products.

Company's product portfolio has 66 products and its sales spread over 70 countries around the world. Galaxy Surfactants is a certified supplier and preferred vendor for leading companies in the field of personal and home care. Company's global customer includes Beiersdorf, Colgate Palmolive, Ecolab, Henkel, Diversey, L'Oreal, Reckitt Benckiser and Unilever. Galaxy domestic customers include Ayur, CavinKare, Dabur, Emami, ITC, Marico, Procter & Gamble and many more.

Company Promoters:
The promoters of the company are:
1. Mr. Unnathan Shekhar, aged 56 years, is the Managing Director of the Company.
2. Mr. Gopalkrishnan Ramakrishnan, aged 56 years, is the Whole time Director of the Company.
3. Mr. Shashikant Rayappa Shanbhag, aged 56 years, is the Whole time Director of the Company.
4. Mr. Sudhir Dattaram Patil, aged 55 years, is the Non-Executive and Non-Independent Director of the Company.

Company Financials:

Particulars	For the year/period ended (in Rs. Million)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	5941.80	5693.20	3889.55	3295.12	2725.26
Profit After Tax (PAT)	403.42	267.02	261.79	255.25	60.70

Objects of the Issue:
The objects of the Issue are to:
1. fund the capital expenditure of company's step down subsidiary GC Egypt, through investment in company's subsidiary, GHML;
2. fund the capital expenditure for setting up new manufacturing facility at Jhagadia, Gujarat;
3. expand the capacities at company's existing manufacturing units at Tarapur;
4. expand the capacities at company's existing manufacturing units at Taloja;
5. general corporate purposes.