Galactico Corporate Service Ltd is incorporated in 2015. The company provides diversified financial services. It has two subsidiaries which are Instant Finserve private Ltd and Seven Hills Beverages Ltd. The company has announced its IPO as a Galactico IPO. It is scheduled for subscription on 24th Sep 2019.
Galactico IPO Details
|Issue Open||Sep 24, 2019 – Sep 27, 2019|
|Issue Type||Fixed price Issue|
|Size||1,608,000 Equity shares of Rs 10 ( aggregating up to Rs 3.70 cr)|
|Fresh Issue||300,000 equity shares of Rs 10 (aggregating up to 0.69cr)|
|Offer for Sale||1,308,000 equity shares of Rs 10 (aggregating up to Rs 3.01 cr)|
|Face Value||Rs 10 per equity share|
|Issue Price||Rs 23 per equity share|
|Market Lot||6000 shares|
|Min Order Quantity||6000 shares|
|Listing At||BSE SME|
It is raised about Rs 3.07 crore through an IPO. The size of the issue is 1,608,000 equity shares. The offer comprises a fresh issue of 300,000 equity shares aggregating up to 0.69cr and an offer for sale of 1,308,000 equity shares aggregating up to Rs 3.01 crore.
As of the draft prospectus, the IPO will close on 27th Sep 2019. The face of the issue stayed at Rs 10 per equity share. The fixed price band of the issue is Rs 23 per equity share. The performance of the IPO will manage by Aryaman Financial Services Limited.
It is a fixed price type of issue. The market lot of issue fixed at 6000 shares and a minimum order quantity at 6000 shares. The issue is proposed to be listed on the SME platform of BSE. Shares of the IPO reserved for qualified institutional buyers, non-institutional investors, and high net worth investors.
Objects of the Issue
As of the draft prospectus, the company will utilize net proceeds raised from the issue towards the repayment of unsecured loans and funding expenditure for general corporate purposes.
|Pre Issue Share Holding||100 %|
|Post Issue Share Holding||71.94%|
Galactico IPO Subscription Status
|1||Sep 24, 2019 18:49||1.76x||0.06x||0.91x|
|2||Sep 25, 2019 18:49||1.76x||0.32x||1.04x|
|3||Sep 26, 2019 18:49||1.76x||0.46x||1.11x|
|4||Sep 27, 2019 17:19||1.76x||0.56x||1.16x|
|Listing Date||Tuesday, October 15, 2019|
|BSE Script Code||542850|
|Issue price||Rs 52 per Equity Share|
|Face Value||Rs 10 per Equty Share|
Listing Day Trading Information
|Issue Price||Rs 52.00|
|Last Trading||Rs 56.60|
IPO Prospectus Documents
Galactico IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Disclaimer: This post is just information about the IPO. It does not give any advice or recommendation. Please read the offer document carefully and consult your advisor before investing.