Galaxy Surfactants IPO is open for subscription. Should you invest?

Earlier in 2011, Galaxy Surfactants had entered the capital markets to raise over Rs 200 crore through an initial public offer (IPO)

The initial public offer of Galaxy Surfactants, India’s leading speciality ingredients manufacturer, opened for subscription on Monday. Its products find application in a host of consumer-centric personal care and home care products, including, inter alia, skin care, oral care, hair care, cosmetics, toiletries and detergent products.

The company has set a price band of Rs 1,470 – Rs 1,480 for the issue and looks to raise up to Rs 937 crore. The issue will remain open till January 31, 2018. Bids can be made in minimum lot of 10 equity shares and in multiples of 10 shares thereafter. The promoters’ holding