The portion of shares reserved for institutional investors in the IPO was subscribed 2.71 times, while shares set aside for retail investors were subscribed 0.44 times. Photo: MintThe Rs937 crore initial public offering (IPO) of speciality chemicals manufacturer Galaxy Surfactants Ltd was fully subscribed on Monday, the first day of its share sale. Galaxy Surfactants has set a price band of Rs1,470-1,480 per share for the IPO. On Friday, Galaxy Surfactants raised Rs281.13 crore by selling shares to 33 institutional investors as part of its anchor book allocation. Incorporated in 1986 and based in Navi Mumbai, Galaxy Surfactants manufacturers products that are used in consumer-focused personal care and home care products.

Source: Mint January 29, 2018 18:00 UTC