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Galaxy Medicare IPO vs Grand Continent Hotels IPO

Comparison between Galaxy Medicare IPO and Grand Continent Hotels IPO.

IPO Details

Galaxy Medicare IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Grand Continent Hotels IPO is a SME Bookbuilding proposed to list at NSE SME.

 Galaxy Medicare IPOGrand Continent Hotels IPO
LogoGalaxy Medicare IPO LogoGrand Continent Hotels IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersAffinity Global Capital Market Pvt.Ltd.Indorient Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.MUFG Intime India Pvt.Ltd.
Market MakerPrabhat Financial Services Ltd.Alacrity Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Galaxy Medicare IPO is up to ₹21.19 Cr whereas the issue size of the Grand Continent Hotels IPO is up to ₹70.73 Cr. The final issue price of Galaxy Medicare IPO is and of Grand Continent Hotels IPO is ₹113.00 per share.

 Galaxy Medicare IPOGrand Continent Hotels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹107.00 per share
Issue Price (Upper)₹54.00 per share₹113.00 per share
Issue Price (Final)₹113.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size31,00,000 shares59,30,400 shares
Fresh Issue Size (Amount)up to ₹16.74 Crup to ₹67.01 Cr
OFS Issue Size8,24,000 shares3,28,800 shares
OFS Issue Size (Amount)up to ₹4.45 Crup to ₹3.72 Cr
Issue Size Total39,24,000 shares62,59,200 shares
Issue Size Total (Amount)up to ₹21.19 Crup to ₹70.73 Cr

IPO Timetable

Galaxy Medicare IPO opens on Sep 10, 2025, while Grand Continent Hotels IPO opens on Mar 20, 2025. The closing date of Galaxy Medicare IPO and Grand Continent Hotels IPO is Sep 12, 2025, and Mar 24, 2025, respectively.

 Galaxy Medicare IPOGrand Continent Hotels IPO
Anchor Bid DateMar 19, 2025
Issue OpenSep 10, 2025Mar 20, 2025
Issue CloseSep 12, 2025Mar 24, 2025
Basis Of Allotment (Tentative)Sep 15, 2025Mar 25, 2025
Initiation of Refunds (Tentative)Sep 16, 2025Mar 26, 2025
Credit of Share (Tentative)Sep 16, 2025Mar 26, 2025
Listing date (Tentative)Sep 17, 2025Mar 27, 2025
Anchor Lockin End date 1Apr 24, 2025
Anchor Lockin End date 2Jun 23, 2025

Financials & KPIs

Galaxy Medicare IPO P/E ratio is 19.01, as compared to Grand Continent Hotels IPO P/E ratio of 51.24.

 Galaxy Medicare IPOGrand Continent Hotels IPO
FinancialsAssets

Grand Continent Hotels Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets97.9473.9142.2634.37
Total Income31.8631.5317.056.03
Profit After Tax6.814.121.05-0.79
Net Worth40.1829.990.59-1.63
Reserves and Surplus22.3626-0.42-2.64
Total Borrowing40.2234.9637.0734.72
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)89.4975.02
Promoter Shareholding (Post-Issue)64.6054.85
P/E Ratio19.0151.24
Market Cap₹81.93 Cr.₹281.59 Cr.
ROE19.88%25%
ROCE22.38%17%
Debt/Equity0.251.13
EPS₹2.84₹2.21
RoNW18.35%26.67%

Shares Offered

In the Galaxy Medicare IPO Retail Individual Investors (RII) are offered 23,08,000 shares while in Grand Continent Hotels IPO retail investors are offered 23,08,000 shares. Qualified Institutional Buyers (QIB) are offered 80,000 shares in Galaxy Medicare IPO and 12,49,200 shares in Grand Continent Hotels IPO.

 Galaxy Medicare IPOGrand Continent Hotels IPO
Anchor Investor Reserveration0 shares18,73,200 shares
Market Maker Reserveration2,08,000 shares3,30,000 shares
QIB80,000 shares12,49,200 shares
NII15,36,000 shares9,37,200 shares
RII23,08,000 shares21,87,600 shares
Employee0 shares12,000 shares
Others
Total39,24,000 shares62,59,200 shares

Bids Received (Subscription)

Galaxy Medicare IPO subscribed 1.83x in total, whereas Grand Continent Hotels IPO subscribed 1.79x.

 Galaxy Medicare IPOGrand Continent Hotels IPO
QIB (times)1.00x2.93x
NII (times)1.48x1.39x
Big NII (times)1.88x
Small NII (times)0.66x
RII (times)2.10x1.32x
Employee (times)
Other (times)
Total (times)1.83x1.79x