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Subscribe to Galaxy Surfactants IPO: Hem Securities

Galaxy Surfactants is bringing the issue at price band of Rs 325-340 per share at p/e multiple of 13-14 at post issue annualized eps of Rs 24.12. Looking at the strong future prospects of the company, Hem Securities has recommended investors to Subscribe the issue for investment purpose.

May 17, 2011 / 14:41 IST
     
     
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    Galaxy Surfactants is bringing the issue at price band of Rs 325-340 per share at p/e multiple of 13-14 at post issue annualized eps of Rs 24.12. Looking at the strong future prospects of the company, Hem Securities has recommended investors to Subscribe the issue for investment purpose.

    Objects of Issue

    1. Fund the capital expenditure of its step down subsidiary GC Egypt, through investment in its subsidiary, GHML
    2. Fund the capital expenditure for setting up new manufacturing facility at Jhagadia, Gujarat
    3. Expand the capacities at its existing manufacturing units at Tarapur
    4. Expand the capacities at its existing manufacturing units at Taloja
    5. General corporate purposes

    The company is bringing the issue at price band of Rs 325-340 per share at p/e multiple of 13-14 at post issue annualized eps of Rs 24.12. Company being one of the leading manufacturers and marketers of surfactants and specialty chemicals in India for the Personal and Home Care (

    first published: May 17, 2011 01:20 pm

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