About the Company:
Galactico Corporate Services is a diversified financial services company in India, carrying out the business of management of fund raising activities, investment advisory, underwriting of issues, manager, consultant or adviser to any issue including corporate advisory services and as consultant or adviser.
Company is primarily focused on providing such services to small and midsized enterprises (SMEs).
Company has registered Office and Head Office situated at Nasik, and also provides services from our branch offices situated in Jalgaon, Jaipur and Mumbai.
Company’s Subsidiaries:
Company has two wholly owned subsidiaries – namely- Seven Hills Beverages Limited (“Seven Hills”) and Instant Finserve Private Limited (“Instant Finserve”)
Company also have one indirect subsidiary Palwe Pest Control Private Limited (“Palwe Pest Control”) which is a subsidiary of Seven Hills Beverages Limited. Seven Hills is presently engaged in the business of manufacturing of packaged drinking water.
Instant Finserve is presently engaged in financial consultancy and debt finance related businesses. Palwe Pest Control is engaged in the business of providing pest control related products and services.
Expanding Merchant Banking Activities:
Currently company has business revenue verticals, which are professional fees for advisory services, and interest income.
Company has recently been registered with SEBI as category I Merchant Banker to venture in to Merchant Banking Activities as a SEBI Registered Merchant Banker. Opening up of new listing platform in the form of SME segment can be taken as a great opportunity for merchant bankers and underwrites.
Management Team:
- Mr. Vipul Lathi (Designation: Managing Director)
- Mr. Suyash Chhajed (Designation: Non Executive Non Independent Director)
Objectives of the Issue:
- Repayment of Unsecured loans
- Funding expenditure for General Corporate Purposes
Financials of the Company:
| (in Crores) | FY 18 | FY 19 |
|---|---|---|
| Revenue | 16.53 | 19.19 |
| Net Profit | 1.35 | 1.42 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 24th September 2019 |
| Issue Closes on:. | 27th September 2019 |
| Issue Price | Rs.23 |
| Face Value | Rs.10 |
| Minimum Lot | 6000 |
| Minimum Investment | Rs.1,38,000 |
| Issue Constitutes | 28.06% |
| Issue Size | Rs.3.69 cr |
| Market Cap | Rs.13.18 cr |
| Listing at | BSE SME |
| Equity Shares Offered | 16,08,000 |
| Equity Shares Prior to the issue | 54,31,205 |
| Equity Shares after the issue | 57,31,205 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 2.14 | 10.74 | 7.64% | 28.03 |
| Check IPO Allotment Status: |
|---|
Bigshare Website (Click on the below Link)http://www.bigshareonline.com/bssipoapplicationstatus.aspx |
| Company Contact Info: |
|---|
| Galactico Corporate Services Ltd 2nd Floor, Shree Gurudeo Tower, Above Shirpur Co-Op Bank Ltd, Canada Corner, Nashik – 422 005. Tel No: +91 – 253 – 231 9714 Email: info@galacticocorp.com Website: www.galacticocorp.com |
| IPO Registrar Info: |
|---|
| BIGSHARE SERVICES PRIVATE LIMITED 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai – 400 059 Tel: +91 – 22 – 6263 8200 Email: ipo@bigshareonline.com Website: www.bigshareonline.com |
| Lead Manager to the Issue: |
|---|
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001 Tel No.: +91 – 22 – 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in |
