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Last Updated : Jan 31, 2018 07:14 PM IST | Source: Moneycontrol.com

Galaxy Surfactants $147 million IPO subscribed nearly 20 times

Investors bid for 88.1 million shares, or 19.9 times the 4.4 million shares on offer, stock exchange data as of 1258 GMT showed.

 
 
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Speciality chemicals maker Galaxy Surfactants Limited's initial public offering (IPO) of shares to raise 9.37 billion rupees (USD 147.1 million) was subscribed nearly 20 times on the last day of the sale on Wednesday.

Investors bid for 88.1 million shares, or 19.9 times the 4.4 million shares on offer, stock exchange data as of 1258 GMT showed.

ICICI Securities Limited, Edelweiss Financial Services Limited and JM Financial are managing the IPO.

 
First Published on Jan 31, 2018 07:11 pm
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