Galactico Corporate Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 762,000 (47%) | — | ₹175 Cr |
| Retail | — | 762,000 (47%) | — | ₹175 Cr |
| Market Maker | — | 84,000 (5%) | — | ₹2 Cr |
| Σ Total | — | 1,608,000 (100%) | — | ₹3,698 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹138,000 |
| Retail (Max) | 13 | 78,000 | ₹1,794,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,932,000 |
| B-HNI (Min) | 67 | 402,000 | ₹9,246,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-19 | 31-Mar-18 |
|---|---|---|
| Revenue | 1,919 | 1,654 |
| Profit After Tax | 142 | 135 |
| Total Assets | 2,601 | 2,484 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Repayment of Unsecured loans – 0.50
- 2 General Corporate Purposes – 0.08
Company Overview
Incorporated in 2015, Galactico Corporate Services Limited is engaged in providing diversified financial services. The company manages investment advisory, fundraising activities, and underwriting of issues. Galactico also works as an advisor, manager and consultant to an issue.
It is also a SEBI authorised category-I merchant banker offering IPO advisory, debt syndication, Takeovers, Business Modeling, Merger & Acquisitions services, etc. The company provides such services to small and mid-sized enterprises (SMEs).
The registered office of the company is located in Nasik and other branch offices in Mumbai, Jalgaon and Jaipur.
Galactico has primarily two subsidiaries which are Instant Finserve Private Limited and Seven Hills Beverages Limited. Seven Hills is engaged in manufacturing of drinking water. Instant Finserve Private Limited is focused on debt finance and financial consultancy related business.
Competitive Strengths
1. Diversified business portfolio
2. Long-term relationship with clients
3. Low dependency on debt and controlled overheads