Galaxy Surfactants files DRHP with SEBI
Galaxy Surfactants is planning to enter the capital markets with a public issue to raise upto Rs 5.93 million for equity shares of face value Rs 10 each and has also filed DRHP with SEBI. The issue would constitute 25.07% of the fully diluted post issue paid-up capital of the company.
Motilal Oswal Investment (P), Centrum Capital, Link Intime India are the book running lead managers to the issue. The issue proceed would be utilized to fund the capital expenditure of its step down subsidiary GC Egypt, which will be used for setting up new manufacturing facility at Jhagadia, Gujarat, and expand the capacities at the company`s existing manufacturing units at Tarapur and Taloja.
Galaxy Surfactants is engaged in manufacturing and marketing of surfactants and specialty chemicals in India for the personal and home care industry.
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