Galaxy Surfactants IPO opens on 13th May

Galaxy Surfactants IPO closes on 19th May

Galaxy Surfactants is entering the capital markets with an initial public offering (IPO) of 59.30 lakh equity shares of Rs10 each. The price band for the issue has been fixed at Rs325 at lower level and Rs340 at upper level.

Galaxy Surfactants manufactures and markets surfactants and specialty chemicals for the personal and home care industry in India. The company produces a range of cosmetic ingredients including active ingredients, UV protection and functional products. The company’s products are used by many large FMCG companies in skin care, hair care, oral care, body wash, sun care, household cleaners and fabric care products.

The issue opens on 13th May and closes on 19th May. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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Tata Mutual Fund unveils 90 days fixed maturity plan

Tata Mutual Fund new issue closes on 12th May

Tata Mutual Fund has launched Tata Fixed Maturity Plan Series 33 Scheme B (90 days maturity), a close-ended income scheme.

The investment objective of the schemes is to generate income and/or capital appreciation by investing in wide range of debt and money market instruments having maturity in line with the maturity of the respective schemes. The maturity of all investments shall be equal to or less than the maturity of respective schemes. The tenor of the plan is 90 days.

The new issue closes on 12th May. The minimum investment amount is Rs10,000.

Crisil Liquid Fund Index is the benchmark index. Murthy Nagarajan is the fund manager.

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Kotak Mahindra Mutual Fund unveils 370 days fixed maturity plan

Kotak Mahindra Mutual Fund new issue closes on 19th May

Kotak Mahindra Mutual Fund has launched Kotak FMP Series 46 (370 Days), a close-ended income scheme. The tenor of the plan is 370 days.

The investment objective of the scheme is to generate returns through investments in debt and money market instruments with a view to significantly reduce the interest rate risk. The scheme will invest in debt and money market securities, maturing on or before maturity of the scheme.

The new issue closes on 19th May. The minimum investment amount is Rs5,000.

Deepak Agrawal and Abhishek Bisen will be the fund managers for the scheme. CRISIL Short Term Bond Index is the benchmark index.

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