Galactico Corporate Services was incorporated on June 15, 2015. The company is a diversified financial services provider in India, carrying out the business of management of fundraising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser.
| Bidding Dates |
|---|
| 24 Sep 2019 - 27 Sep 2019 |
| Subscription |
|---|
| 1.16x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,38,000 | 1 | 1 | 6000 | 1.6 M | ₹23 | 71.94 % | ₹37.0 M | RHP DOC |
Galactico Corporate IPO SUBSCRIPTION STATUS
27 Sep '19Galactico Corporate IPO overall subscription rate was 1.16 times the total available shares
Galactico Corporate IPO retail subscription rate was 0.56 times in the retail segment
Galactico Corporate IPO non-institutional investor subscription rate was 1.76 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Sep 2019 (Day 2) | 0.32x | 1.76x | - |
26 Sep 2019 (Day 3) | 0.46x | 1.76x | - |
27 Sep 2019 (Day 4) | 0.56x | 1.76x | - |
24 Sep 2019 (Day 1) | 0.06x | 1.76x | - |
Galactico Corporate FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY19 | 14.2 | 185.6 | 43.8 | 23.9 |
| FY18 | 13.5 | 163.7 | 14.7 | 3.3 |
Galactico Corporate IPO SUBSCRIPTION STATUS DETAILS
Galactico Corporate had 1.6 M shares on offer
Galactico Corporate IPO offer price was ₹23
Galactico Corporate IPO minimum Investment was ₹138000
Galactico Corporate IPO issue size was ₹ 37.0 M
Galactico Corporate had a minimum lot size of 6000 Shares per application
Galactico Corporate NUMBER OF SHARES ON OFFER
Galactico Corporate IPO IMPORTANT DATES
| Issue Open Date | 24 Sep 2019 |
| Issue close Date | 27 Sep 2019 |
| Allotment Date | 30 Sep 2019 |
| Refund Date | 03 Oct 2019 |
| Demat Account Credit Date | 04 Oct 2019 |
| Listing Date | 09 Oct 2019 |
| Listing on Exchange(s) | BSE |
| Galactico Corporate Allotment Status | Exchange |
Galactico Corporate IPO subscription opened on 24 Sep 2019, and closed on 27 Sep 2019
IPO allotment for Galactico Corporate was finalized on Monday, 30 Sep 2019
IPO listing for Galactico Corporate was on BSE on Wednesday, 09 Oct 2019
Galactico Corporate IPO LISTING GAINS
| Issue Price (adjusted) | 27.0 |
| Listing Open Price | 23.2 |
| Listing Close Price | 0.9 |
| Listing Gain% | 0.9% |
| Current Gain% | -92.7% |
Galactico Corporate Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Galactico Corporate Services Ltd. | 2 | 1.1 | 23 | -0.8 | 1.3 | 3.8 | 2.4 | 26.2 | -8.7 | 1.6 | -17.6 | 0.1 | -27.8 |
| Crisil Ltd. | 4607 | 33691 | 38.1 | 1.8 | 8.2 | 25.2 | 16.5 | 3755.6 | 12.1 | 766 | 12 | 120.9 | 21.5 |
| Central Depository Services (India) Ltd. | 1328 | 27755.2 | 58.9 | -12.4 | 23.5 | 23.3 | 18.8 | 1238.5 | 3.3 | 456.1 | -13.4 | 22.5 | -4.8 |
| IIFL Finance Ltd. | 611.8 | 26022.7 | 12.4 | 0 | 1.8 | 11.9 | 1.9 | 13373.8 | 30.6 | 1660.8 | 338.5 | 49.4 | 548.8 |
| National Securities Depository Ltd. | 821.2 | 16424 | 42.3 | 4.5 | 9.5 | 16 | 9.9 | 1660.2 | 8.1 | 379.7 | 10.7 | 19.4 | 9.4 |
| KFIN Technologies Ltd. | 936 | 16178.4 | 47.4 | -1147.9 | 11.7 | 20.5 | 12.4 | 1343.9 | 19.1 | 343.7 | 3.3 | 19.8 | 0 |
Galactico Corporate INFORMATION ON IPO ISSUE
About Galactico Corporate
Galactico Corporate Services was incorporated on June 15, 2015. The company is a diversified financial services provider in India, carrying out the business of management of fundraising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser.
Object of the Issue
- Repayment of unsecured loans
- Funding expenditure for general corporate purposes
Galactico Corporate - PROMOTERS
| Name |
|---|
| Vipul Lathi |
Galactico Corporate Book Running Lead Manager
Aryaman Financial Services Limited
ipo@afsl.co.in
Galactico Corporate Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Galactico Corporate Strengths
Diversified portfolio
The company provides one-stop solutions to clients with respect to diverse financial services through a team of well competent practiced professionals who handle the process right from its inception to its conclusion.
Low dependency on debt and controlled overheads
The company has always been well capitalized through equity from promoters and now through this issue we further propose to improve equity capitalization
Galactico Corporate Risks
Legal proceedings
The company, promoters, directors and group companies are parties to certain legal proceedings and adverse decisions in such proceedings may have a material adverse effect on business, results of operations and financial condition
Limited operating history
The company has a limited operating history and investors may not be able to analyze past performances or future prospects
IPO FAQs
Galactico Corporate Services Ltd. IPO listing opened at Rs 23.20 while the issue price was Rs 23.00 giving 0.87% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 27.00 giving -92.74% gains since its IPO listing.
This IPO consists of an offer for sale of up to Rs 3.0 crore, of 1,308,000 shares. It also consists of a fresh issue of Rs 0.7 crore.
The promoter of the company is Vipul Lathi.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 23.0 - 23.0.
The IPO application opens on Sep 24, 2019 and closes on Sep 27, 2019.
The minimum lot size for the IPO is 6000. The maximum lot size for the IPO is 6000.
For all category investors, the minimum application amount for this IPO is Rs. 138,000.0, the maximum value for this IPO is Rs 138,000.0.
This IPO will be allotted on Sep 30, 2019.
The refund will be credited to your account on Oct 03, 2019.
The allotted shares will be credited to your demat on Oct 04, 2019.
Galactico Corporate Services Ltd.’s shares listed on the stock exchanges on Oct 09, 2019.