Galaxy Surfactants had filed its draft papers with Sebi in November last year and obtained ‘observations’ from the regulator on 12 January 2018. Photo: iStockNew Delhi: Speciality chemicals manufacturer Galaxy Surfactants has received capital markets regulator Sebi’s go-ahead to raise an estimated Rs1,000 crore through an initial public offer (IPO). “The objects of the offer are to achieve the benefits of listing the equity shares on stock exchanges and the sale of equity shares by the selling shareholders. The firm’s equity shares are proposed to be listed on BSE and NSE. Earlier in 2011, Galaxy Surfactants had entered the capital markets to raise over Rs200 crore through its initial share sale.

Source: Mint January 16, 2018 08:26 UTC