Galaxy Surfactants is one of India’s leading manufacturers of surfactants and other specialty ingredients for the personal care and home care industries. Its product portfolio comprises of over 200 product grades, which are marketed to more than 1,700 customers in over 70 countries.
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Galaxy Surfactants is one of India’s leading manufacturers of surfactants and become a global supplier to major FMCG brands & has diversified its product profiles, client base and geographical footprints.It has no listed peers to compare with, thus it is a first mover in this segment.Moreover, the company is not offering any fresh issue and, through the OFS, it wants to achieve only the benefits of listing & on the upper price band of Rs 1480 with estimated EPS of Rs42.90 for FY18,P/E works out at 34.4x. but still we see a potential in the stock going forward & recommend to SUBSCRIBE the IPO for long-term.
About Rudra Shares and Stock Brokers
RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at www.rudrashares.com.
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