Galaxy Medicare IPO vs NSB BPO Solutions IPO

Comparison between Galaxy Medicare IPO and NSB BPO Solutions IPO.

IPO Details

Galaxy Medicare IPO is a SME Bookbuilding IPO proposed to list at NSE SME while NSB BPO Solutions IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Galaxy Medicare IPO is up to ₹21.19 Cr whereas the issue size of the NSB BPO Solutions IPO is up to ₹60.92 Cr. The final issue price of Galaxy Medicare IPO is ₹54.00 per share and of NSB BPO Solutions IPO is ₹121.00 per share.

 Galaxy Medicare IPONSB BPO Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹121.00 per share
Issue Price (Upper)₹54.00 per share₹140.00 per share
Issue Price (Final)₹54.00 per share₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size31,00,000 shares50,35,000 shares
Fresh Issue Size (Amount)up to ₹16.74 Crup to ₹60.92 Cr
OFS Issue Size8,24,000 shares0 shares
OFS Issue Size (Amount)up to ₹4.45 Crup to ₹0.00 Cr
Issue Size Total39,24,000 shares50,35,000 shares
Issue Size Total (Amount)up to ₹21.19 Crup to ₹60.92 Cr

IPO Timetable

Galaxy Medicare IPO opens on Sep 10, 2025, while NSB BPO Solutions IPO opens on Sep 23, 2025. The closing date of Galaxy Medicare IPO and NSB BPO Solutions IPO is Sep 12, 2025, and Oct 07, 2025, respectively.

Financials & KPIs

Galaxy Medicare IPO P/E ratio is 19.01, as compared to NSB BPO Solutions IPO P/E ratio of 18.6.

 Galaxy Medicare IPONSB BPO Solutions IPO
Financials

Company Financials (Restated)

Galaxy Medicare Ltd.'s revenue increased by 9% and profit after tax (PAT) dropped by 9% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets31.4932.5332.31
Total Income40.2736.9432.03
Profit After Tax3.373.711.57
EBITDA4.585.263.14
NET Worth18.3615.5411.94
Reserves and Surplus12.299.5114.78
Total Borrowing4.618.129.15
Amount in ₹ Crore

Company Financials (Restated Consolidated)

NSB BPO Solutions Ltd.'s revenue increased by 8% and profit after tax (PAT) rose by 64% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets175.12147.85210.70
Total Income138.54128.27285.15
Profit After Tax11.056.732.21
EBITDA18.8712.9812.17
NET Worth139.52105.91127.85
Reserves and Surplus124.8593.99102.20
Total Borrowing23.5627.7241.07
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.5745.78
Promoter Shareholding (Post-Issue)72.4333.63
P/E Ratio19.0118.6
Market Cap₹81.93 Cr.₹279.62 Cr.
ROE19.887.92
ROCE22.389.42
Debt/Equity0.250.17
EPS₹2.84₹7.53
RoNW18.357.92

Shares Offered

In the Galaxy Medicare IPO Retail Individual Investors (RII) are offered 23,08,000 shares while in NSB BPO Solutions IPO retail investors are offered 23,08,000 shares. Qualified Institutional Buyers (QIB) are offered 80,000 shares in Galaxy Medicare IPO and 53,000 shares in NSB BPO Solutions IPO.

 Galaxy Medicare IPONSB BPO Solutions IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation2,08,000 shares2,65,000 shares
QIB80,000 shares53,000 shares
NII15,36,000 shares24,82,000 shares
RII23,08,000 shares25,00,000 shares
Employee0 shares0 shares
Others
Total39,24,000 shares50,35,000 shares

Bids Received (Subscription)

Galaxy Medicare IPO subscribed 1.83x in total, whereas NSB BPO Solutions IPO subscribed 0.76x.

 Galaxy Medicare IPONSB BPO Solutions IPO
QIB (times)1.00x25.49x
NII (times)1.48x0.79x
Big NII (times)1.88x1.15x
Small NII (times)0.66x0.05x
RII (times)2.10x0.21x
Employee (times)
Other (times)
Total (times)1.83x0.76x

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