UPI Mandate for Bids placed between 5 PM and before 10 AM will be received after 10 AM.
Offer Date | Sep 10 - Sep 12, 2025 |
Offer Price | ₹ 51-54 |
Lot Size | 2000 |
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Galaxy Medicare Limited IPO
NSE SME LiveOffer Date: Sep 10, 2025 - Sep 12, 2025
₹ 108000 /2000 Shares
ApplyGalaxy Medicare IPO Live Subscription Details
Date
:11 Sep 2025, 05:25 PM
QIBs
:No of Apps.: 1 | 1.00
NII
:BNII: No of Apps.: 14 | 1.68x
SNII: No of Apps.: 12 | 0.17x
NII Total: No of Apps.: 26 | 1.18
SNII: No of Apps.: 12 | 0.17x
NII Total: No of Apps.: 26 | 1.18
Retail
:No of Apps.: 402 | 0.70x
Total
:No of Apps.: 429 | 0.89 times
Galaxy Medicare IPO Details
10 Sep, 2025
Open Date12 Sep, 2025
Close Date15 Sep, 2025
Allotment Date17 Sep, 2025
Listing DateIssue Price
₹51-54 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedMarket Lot
Individual(Retail)(Min) : 4000 Shares (₹216,000/-)S-HNI(Min) : 6000 Shares (₹324,000/-)
S-HNI(Max) : 18,00 Shares (₹972,000/-)
B-HNI(Max) : 20,000 Shares (₹10,80,000/-)
Lead Manager
Affinity Global Capital Market Pvt LtdIssue Size
41,32,000 shares(aggregating up to ₹22.31 Cr)Retail Portion
Ind : 56%HNI : 37%
QIB : 2%
Subscription
N/A timesGalaxy Medicare IPO Details
Galaxy Medicare Limited IPO is an SME IPO, priced at ₹51-54 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 41,32,000 equity shares, aggregating up to ₹22.31 crores..
The IPO bidding window is open from Sep 10, 2025 to Sep 12, 2025. The allotment is expected to be finalized on Sep 15, 2025, and the tentative listing date is Sep 17, 2025.
The minimum lot size for retail investors is 4000 shares, with a minimum investment of ₹2,16,000.
Affinity Global Capital Market Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Cameo Corporate Services Limited, and
Galaxy Medicare Valuations
EPS Pre IPO
₹2.84/-EPS Post IPO
₹2.22/-P/E Pre IPO
19.01P/E Post IPO
24.31ROE
19.88%ROCE
22.38%Debt/Equity
0.25RoNW
18.35%PAT Margin
8.60%Price to Book Value
3.49Galaxy Medicare Company Financials All values are in ₹ Cr.
| 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|
| Assets | 31.49 | 32.53 | 32.31 |
| Revenue | 40.27 | 36.94 | 32.03 |
| Profit After Tax | 3.37 | 3.71 | 1.57 |
| Net Worth | 18.36 | 15.54 | 11.94 |
| Reserves & Surplus | 12.29 | 9.51 | 14.78 |
| Total Borrowing | 4.61 | 8.12 | 9.15 |
About The Company
Incorporated in July 1992, Galaxy Medicare Limited produces and exports medical devices, POP bandages, and surgical dressings in India.
The company produces these items using superior quality raw material that is sourced from the genuine suppliers of the market.The company deals in a variety of products, including surgical dressings, plaster of Paris bandages, adhesive tapes, compression bandages, and solutions for wound care.Their products cater to various medical requirements, such as gauze products and orthopedic products.
The business of the company comprises the following:
Flagship brand manufacturing and branding: POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE, GYPSONET, GYPSOCHLOR, FIXCAN ETC.
OEMs procure components, design, produce, and test quality as per brand owners' specifications on Principal-to-Principal basis;
Institutional sales through government tenders on GEM Portal;
Exporting products internationally and trading surgical devices dressings.
The company has 27 registered trademarks in India catering to domestic and international markets.The products of the company are well-accepted by the medical fraternity and supplied across India to corporate hospitals, government health departments, and private organizations.The company follows ISO 9001:2015 and ISO 13485:2016 certifications to ensure that its products stand up to the high standards of healthcare institutions.
The company employs 190 people in different departments as of March 2025.
Galaxy Medicare - Promoter(s)
Pre Issue Share Holding: 89.49%
Post Issue Share Holding: 64.60%
Company Promoter(s)
- Mr. Dillip Kumar Das
- Mr. Subhasish Das
- Mrs. Kiran Das
Galaxy Medicare IPO - Issue Objectives
- Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha
- Funding the working capital requirements
- General Corporate Purposes
- To meet the offer related expenses
Other Details
Company Contact Details
Galaxy Medicare
Plot No-2, Zone D, Phase A, Mancheswar Industrial Estate Khurda Bhubaneshwar, Odisha, 751010Registrar Contact Details
Cameo Corporate Services Limited
Galaxy Medicare IPO - FAQs
Ans. Galaxy Medicare Limited IPO is a SME IPO. The issue is priced at ₹51-54 per equity share. The minimum order quantity is 2000 Shares. The IPO opens on Sep 10, 2025, and closes on Sep 12, 2025. Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The Galaxy Medicare Limited IPO opens on Sep 10, 2025 and closes on Sep 12, 2025.
Ans. The size of Galaxy Medicare Limited IPO is 41,32,000 shares(aggregating up to ₹22.31 Cr).
Ans. The IPO price band is set between ₹51-54 per equity share.
Ans. To apply for Galaxy Medicare Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Galaxy Medicare Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Galaxy Medicare Limited IPO is Sep 15, 2025.
Ans. The Galaxy Medicare Limited IPO will be listed on Sep 17, 2025.
Ans. Follow the steps to check the allotment status for Galaxy Medicare Limited IPO here.
