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10 July 2020

IPO Synopsis

Galactico Corporate Services Ltd
Registered Office: 2ndFr Above Shirpur Co-Op Bank,Shree Gurudeo Tower Canade Cor , Nashik - 422005 , Maharashtra , India.
Phone : 91-253-2319714   Fax:
Email :  
Website :
Public Offer of 16,08,000 equity shares of (Rs)10 each ("equity shares") of Galactico Corporate Services Limited ("gcsl" or the "company") for cash at a price of (Rs)23 per share (the "offer price"), aggregating to (Rs)3.70 Crores ("the offer"), consisting of fresh issue of 3,00,000 equity shares aggregating to (Rs)0.69 Crores and an offer for sale of 13,08,000 equity shares by the promoter selling shareholder aggregating to (Rs)3.01 Crores ("offer for sale"), of which up to 84,000 equity shares of (Rs)10 each will be reserved for subscription by market maker to the offer (the "market maker reservation portion"). The offer less the market maker reservation portion i.e. Offer of 15,24,000 equity shares of (Rs)10 each is hereinafter referred to as the "net offer". The offer and the net offer will constitute 28.06% and 26.59%, respectively of the post offer paid up equity share capital of the company. The face value of the equity share is (Rs)10 and the offer price is 2.3 times of the face value.

Issue Money Payable On
Opens On Closes On Application Allotment
24-Sep-19 27-Sep-19 (Rs)23.00-0.00 (Rs)0.00-0.00
Minimum Application for shares in Nos :6000  Further Multiples of :6000

  (Rs Cr) Lead Managers to the Issue
Project Cost 0.69
Aryaman Financial Services Ltd
Project Financed through Current Offer 3.70  
Post Issue Equity Share Capital 5.73  
Issue Price (Rs)23.00  
Repayment of Unsecured LoansGeneral Corporate Purposes
Promoted By
Vipul Lathi  
Listing At
Registrar to the Issue
Bigshare Services Pvt Ltd 
Toll Free number: 1800-425-5501 / 1800-103-5501