IPO

Galaxy Medicare Limited IPO

NSE SME

Listed On: Sep 17, 2025 at ₹ 54.0

₹ 216000 /4000 Shares
*Min Investment

Check Allotment

10 Sep, 2025

Open Date

12 Sep, 2025

Close Date

15 Sep, 2025

Allotment Date

17 Sep, 2025

Listing Date
Galaxy Medicare IPO Live Subscription Details
View Subscription Details
QIB 1.00x
Individual 2.10x
NIIs 1.61x
BHNI 2.09x
SHNI 0.66x
Individual 2.10x
Total 1.89x
Last updated: 12 Sep 2025, 06:55 PM
Galaxy Medicare IPO Issue Details
  • Issue Price ₹51-54 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 41,32,000 shares(aggregating up to ₹22.31 crore)
  • Fresh Share 33,08,000 shares(aggregating up to ₹17.86 crore)
  • Offer For Sale 8,24,000 shares(aggregating up to ₹4.45 crore)
  • Listing at NSE SME
  • List Price 54.0
  • Listing Date 2025-09-17
  • Lead Manager Affinity Global Capital Market Pvt Ltd
  • Registrar Cameo Corporate Services Limited
Market Lot Size

Investors can bid for a minimum of 4000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Individual (min)24000₹2,16,000
Individual(max)24000₹2,16,000
SHNI(min) 36,000₹3,24,000
SHNI(max) 918,000₹9,72,000
BHNI(min) 1020,000₹10,80,000
Galaxy Medicare IPO Reservation

Galaxy Medicare IPO offers total 41,32,000 shares. Out of which 80,000 (1.94%) allocated to QIB, 15,36,000 (37.17%) allocated to NII,23,08,000 (55.86%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered2,08,000 (5.03%)
QIB Shares Offered80,000 (1.94%)
NII (HNI) Shares Offered15,36,000 (37.17%)
bNII < ₹10L10,24,000 (24.78%)
sNII < ₹10L5,12,000 (12.39%)
Individual Shares Offered23,08,000 (55.86%)
Employee Shares OfferedNA (NA%)
Total Shares Offered41,32,000 (100%)
Galaxy Medicare IPO Documents
DRHP
RHP
Galaxy 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 Individual 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

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Galaxy Medicare IPO Subscription Analysis And Details
Retail
2.10x
Total
1.89x
As onQIB / NIIIndividualTotal
Shares Offered / Reserved80,000 / 15,36,00023,08,00039,24,000
Day 1 10-09-25 06:00 PM
1.00 / 0.66 x0.33 x0.47 x
Day 2 11-09-25 06:00 PM
1.00 / 1.05 x0.70 x0.84 x
Day 3 12-09-25 06:00 PM
1.00 / 1.61 x2.10 x1.89 x
Total No of Applications
1,285
Galaxy Medicare Valuations
EPS Pre IPO ₹2.84/-
EPS Post IPO ₹2.22/-
P/E Pre IPO 19.01
P/E Post IPO 24.31
ROE 19.88%
ROCE 22.38%
Debt/Equity 0.25
RoNW 18.35%
PAT Margin 8.60%
Price to Book Value 3.49
Galaxy Medicare Company Financials
In Crs.
In Cr.
31-Mar-2531-Mar-2431-Mar-23
Assets31.4932.5332.31
Revenue40.2736.9432.03
Profit After Tax3.373.711.57
Net Worth18.3615.5411.94
Reserves & Surplus12.299.5114.78
Total Borrowing4.618.129.15
About Galaxy Medicare 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.

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Galaxy Medicare - Promoter(s)

Mr. Dillip Kumar Das

Mr. Subhasish Das

Mrs. Kiran Das

Pre Issue Share Holding : 89.49%

Post Issue Share Holding : 64.60%

Galaxy Medicare IPO - Issue Objectives
1

Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha

2

Funding the working capital requirements

3

General Corporate Purposes

4

To meet the offer related expenses

Contact Details

Galaxy Medicare

Plot No-2, Zone D, Phase A, Mancheswar Industrial Estate Khurda Bhubaneshwar, Odisha, 751010

+919937000991

cs@galaxymed.co.in

http://www.galaxy.in/

Registrar Contact Details

Cameo Corporate Services Limited

+91-44-28460390

investor@cameoindia.com

https://ipo.cameoindia.com/