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Home › IPOs › Galactico Corporate Services Ltd.
GA
Galactico Corporate Services Ltd.
CLOSED BSE SME Fixed Price IPO Fresh Capital-cum-Offer for Sale Galactico Corporate Services IPO GMP
GREY MARKET PREMIUM
₹ 0
No premium data
EST. LISTING PRICE
₹23
Issue Price: ₹ 23
Issue Price
₹23
Face Value
₹10
Lot Size
6,000 shares
Open Date
24 Sep 2019
Close Date
27 Sep 2019
Listing Date
09 Oct 2019
Exchange
BSE SME
Galactico Corporate Services IPO About the Company

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

...read more
Galactico Corporate Services IPO Objects of the Issue
Purpose Amount (₹ Cr)
1 Repayment of Unsecured loans ₹1
2 General Corporate Purposes ₹0
Galactico Corporate Services IPO Lead Managers
Aryaman Financial Services Ltd.
Financial Summary Amount in Lakhs
Metric 31-Mar-19 31-Mar-18
Total Assets 2,601 2,484 —
Revenue 1,919 1,654 —
PAT 142 135 —
Issue Details
Total Shares Offered
1,608,000 (100%)
Reserved for Market Maker
Up to ₹0 Cr
Net Offer to Public
Up to ₹4 Cr
Pre-Issue Shareholding
5,431,205 shares
Post-Issue Shareholding
5,731,205 shares
UPI Mandate
27 Sep 2019
IPO Analytics Dashboard
LIVE
Galactico Corporate Services IPO GMP Insights
👤
Retail Demand
Strong
💼
HNI Interest
Strong
📊
Valuation
Moderate
Galactico Corporate Services IPO GMP Strength Score
8 / 10 Strong
0–3 Weak 3–6 Moderate 6–8 Good 8–10 Strong
Galactico Corporate Services IPO Category-wise Subscription Shares offered, bid & amount
Category Sub (x) Offered Bid For
💼 NII / HNI — 762,000 (47%) —
👤 Retail (RII) — 762,000 (47%) —
📊 Market Maker — 84,000 (5%) —
Σ Total — 1,608,000 (100%) —

* Amount calculated at upper price band (₹23) ·  ** Total includes all investor categories

Subscription Overview Share allocation by investor category
💼
NII / HNI ? 762,000 (47%)
47%
👤
Retail (RII) ? 762,000 (47%)
47%
📊
Market Maker ? 84,000 (5%)
5%
Total Shares Offered 1,608,000 (100%)
Galactico Corporate Services IPO Application Sizing Minimum investment by category
👤 Retail Investors ?
Min. Lots 1
Shares / Lot 6,000
Min. Investment ₹138,000
💼 HNI Investors ?
Min. Lots 2
Min. Shares 12,000
Min. Investment ₹276,000
Investor Interpretation
  • Retail allocation is strong at 47% of the total offering.
  • HNI/NII demand is strong at 47%.

This IPO shows strong fundamentals and healthy investor demand. Research the business model and compare with sector peers before applying.

STOCK PRICE HISTORY  ·  NSE
—
Issue Price: ₹ 23  ·  Symbol: —
H —
L —
O —
Galactico Corporate Services IPO Company Info
📍 2nd Floor, Shree Gurudeo Tower, Above Shirpur Co-Op Bank Ltd, Canada Corner, Nashik, Maharashtra, 422005
Visit Website
Galactico Corporate Services IPO Registrar
Bigshare Services Pvt.Ltd.
Check Allotment Status
Galactico Corporate Services IPO FAQs
Galactico Corporate Services IPO has already listed. Its last recorded GMP was ₹0. GMP is only indicative and never a guarantee of listing gains.
The issue price of Galactico Corporate Services IPO is ₹23 per share. One lot has 6,000 shares, so the minimum investment is about ₹138,000. It is a Fresh Capital-cum-Offer for Sale issue.
Galactico Corporate Services IPO opened on 24 Sep 2019 and closed on 27 Sep 2019. Shares are listed on BSE SME on 09 Oct 2019.
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.
As per the offer document, Galactico Corporate Services plans to use the IPO proceeds for: 1 Repayment of Unsecured loans (₹1); 2 General Corporate Purposes (₹0).
The lead manager of Galactico Corporate Services IPO is Aryaman Financial Services Ltd..
Galactico Corporate Services IPO is proposed to list on BSE SME; it is a Fixed Price IPO and the issue is a Fresh Capital-cum-Offer for Sale.
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