Galaxy Surfactants' Rs 937 cr IPO in progress, should you subscribe?

On Thursday, Galaxy Surfacants collected little over Rs 281 crore
ahead of its initial share-sale. The company's IPO committee finalised
allocation of 18,99,500 equity shares to as many as 25 anchor investors
at Rs 1,480 apiece, also the upper price band for the offer. At this
price, the total amount works out to be Rs 281.13 crore.

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