Street signs: Galaxy Surfactants IPO, Praj Industries stock, and more

Galaxy Surfactants' Rs 9.3-billion initial public offer, the biggest this year, will open for subscription on January 29

Galaxy Surfactants at 30% premium
 
Shares of chemicals manufacturer Galaxy Surfactants are changing hands in the grey market at 30 per cent premium. The company’s Rs 9.3-billion initial public offer, the biggest this year, will open for subscription on January 29. The price band for the IPO is Rs 1,470 to Rs 1,480 per share but grey market operators are willing to pay as much as Rs 2,000 apiece, said market players. Meanwhile, the premium on the recently-concluded IPO of Newgen Software and Amber Enterprises have come off slightly. Traders say this is because the small and mid-cap stocks