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Published on 2/02/2018 4:49:52 PM | Source: Dion Global Solutions Ltd

Galaxy Surfactants IPO subscribed nearly 20 times

Speciality chemicals manufacturer Galaxy Surfactants initial public offer was subscribed nearly 20 times (19.9 times) on the last day of the sale on Wednesday, reported PTI. Galaxy Surfactants' Rs 937-crore IPO received bids for 8,85,08,110 shares against the total issue size of 44,32,174 shares, data available with the NSE showed.

he category reserved for qualified institutional buyers (QIBs) was subscribed 54.27 times, non-institutional investors 6.96 times and retail investors 5.92 times, merchant banking sources said. The IPO has attracted over 11.25 lakh applications, they said. The company had garnered a little over Rs 281 crore from anchor investors last week. The IPO is of up to 6,331,674 shares (including anchor portion of 18,99,500 shares).