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Galactico Ipo Details

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By Author: Stock Investor
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Galactico Corporate Service Ltd is consolidated in 2015. The organization offers expanded money related types of assistance. It has two auxiliaries which are Instant Finserve private Ltd and Seven Hills Beverages Ltd. The organization has declared its IPO as a Galactico IPO. It is planned for membership on 24th Sep 2019.

Galactico IPO Details

Issue Open: Sep 24, 2019 – Sep 27, 2019
Issue Type: Fixed value Issue
Size: 1,608,000 Equity portions of Rs 10 (amassing up to Rs 3.70 cr)
New Issue: 300,000 value portions of Rs 10 (totaling up to 0.69cr)
Offer for Sale: 1,308,000 value portions of Rs 10 (accumulating up to Rs 3.01 cr)
Face Value: Rs 10 for every value share
Issue Price: Rs 23 for every value share
Market Lot: 6000 offers
Min Order Quantity: 6000 offers
Posting At: BSE SME

It is raised about Rs 3.07 crore through an IPO. The size of the issue is 1,608,000 value shares. The offer includes a new issue of 300,000 value shares conglomerating up to 0.69cr and a proposal available to be purchased of 1,308,000 value shares accumulating up to Rs 3.01 crore.

As of the draft outline, the IPO will close on 27th Sep 2019. The essence of the issue remained at Rs 10 for every value share. The fixed value band of the issue is Rs 23 for each value share. The exhibition of the IPO will oversee by Aryaman Financial Services Limited.

It is a fixed value sort of issue. The market parcel of issue fixed at 6000 offers and a base request amount at 6000 offers. The issue is proposed to be recorded on the SME foundation of BSE. Portions of the Galactico saved for qualified institutional purchasers, non-institutional financial specialists, and high total assets speculators.

Objects of the Issue
As of the draft plan, the organization will use net continues raised from the issue towards the reimbursement of unbound advances and subsidizing use for general corporate purposes.

Advertiser Holding
Pre Issue Share Holding 100 %
Post Issue Share Holding 71.94%

Initial public offering Prospectus Documents
Draft Prospectus
Distraction Prospectus

Galactico IPO Registrar

Bigshare Services Pvt Ltd
first Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri(E), Mumbai – 400 059

Telephone: +91-22-6263 8200
Email: info@galacticocorp.com
Site: http://www.bigshareonline.com

Disclaimer: This post is only data about the IPO. It doesn't offer any guidance or suggestion. If you don't mind read the offer report cautiously and counsel your guide before contributing.

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