Bookbuilding IPO | ₹22 Cr | Listed at NSE SME | Wed, Sep 10, 2025 - Fri, Sep 12, 2025
Galaxy Medicare IPO is a book build issue of ₹22.31 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹17.86 crores and offer for sale of 0.08 crore shares aggregating to ₹4.45 crores.
Galaxy Medicare IPO bidding started from Sep 10, 2025 and ended on Sep 12, 2025. The allotment for Galaxy Medicare IPO was finalized on Sep 15, 2025. The shares got listed on NSE SME on Sep 17, 2025.
Galaxy Medicare IPO price band is set at ₹54 per share. The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000 (4,000 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (6,000 shares), amounting to ₹3,24,000.
Affinity Global Capital Market Pvt.Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The Market Maker of the company is Prabhat Financial Services Ltd..
Refer to Galaxy Medicare IPO RHP for detailed Information.
IPO Open
Wed, Sep 10, 2025
IPO Close
Fri, Sep 12, 2025
Issue Price
₹54 per share
Market Cap (Pre-IPO)
₹81.93 Cr
| IPO Date | 10 to 12 Sep, 2025 |
| Listed on | Wed, Sep 17, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹51 to ₹54 |
| Issue Price | ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 41,32,000 shares (agg. up to ₹22 Cr) |
| Reserved for Market Maker | 2,08,000 shares Prabhat Financial Services Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 31,00,000 shares (agg. up to ₹17 Cr) |
| Offer for Sale | 8,24,000 shares of ₹10 (agg. up to ₹4 Cr) |
| Net Offered to Public | 39,24,000 shares (agg. up to ₹21 Cr) |
| Share Holding Pre Issue | 1,18,63,983 shares |
| Share Holding Post Issue | 1,51,71,983 shares |
| NSE Symbol | GML |
| ISIN | INE09A801015 |
Galaxy Medicare IPO comprises a total issue size of 41,32,000 shares. The net offer to the public is 39,24,000 shares, after excluding 2,08,000 shares allotted on a firm basis. Of the Net offer 80,000 (2.04%) are allocated to QIB, 15,36,000 (39.14%) allocated to NII 23,08,000 (58.82%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 80,000 | 2.04% | 1.94% |
| NII (HNI) Shares Offered | 15,36,000 | 39.14% | 37.17% |
| − bNII > ₹10L | 10,24,000 | 24.78% | |
| − sNII < ₹10L | 5,12,000 | 12.39% | |
| Retail Shares Offered | 23,08,000 | 58.82% | 55.86% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,08,000 | 5.03% | |
| Total Shares Offered | 41,32,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Incorporated in July 1992, Galaxy Medicare Limited manufactures and exports medical devices, POP bandages, and surgical dressings in India.
The company manufactures these products using premium grade raw material that is procured from the authentic vendors of the market.
The company specializes in various products, including surgical dressings, plaster of Paris bandages, adhesive tapes, compression bandages, and wound care solutions.
Their offerings meet diverse medical needs, including gauze products and orthopedic items.
The company's business includes the following:-
The company has 27 registered trademarks in India, serving domestic and international markets.
The company's products are accepted by the medical community and supplied throughout India to government health departments, corporate hospitals, and private entities.
The company complies with ISO 9001:2015 and ISO 13485:2016 certifications, ensuring that its products meet the rigorous demands of healthcare institutions.
As of March 2025, the company has 190 employees in various departments.
Competitive Strength:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 31.49 | 32.53 | 32.31 |
| Total Income | 40.27 | 36.94 | 32.03 |
| Profit After Tax | 3.37 | 3.71 | 1.57 |
| EBITDA | 4.58 | 5.26 | 3.14 |
| NET Worth | 18.36 | 15.54 | 11.94 |
| Reserves and Surplus | 12.29 | 9.51 | 14.78 |
| Total Borrowing | 4.61 | 8.12 | 9.15 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | . Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha | 4.89 |
| 2 | Funding the working capital requirements | 8.94 |
| 3 | General Corporate Purposes | 2.25 |
| 4 | To meet the offer related expenses | 1.79 |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 19.88% |
| ROCE | 22.38% |
| Debt/Equity | 0.25 |
| RoNW | 18.35% |
| PAT Margin | 8.60% |
| EBITDA Margin | 11.69% |
| Price to Book Value | 3.49 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.84 | 2.22 |
| P/E (x) | 19.01 | 24.31 |
| Promoter Holding | 99.57% | 72.43% |
| Market Cap | ₹81.93 Cr. |
The Galaxy Medicare IPO is subscribed 1.83 times on September 12, 2025 6:19:08 PM (Day 3). The public issue subscribed 2.10 times in the individual investors category, 1.00 times in the QIB category, and 1.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 80,000 | 80,000 | 1 |
| NII* | 1.48 | 15,36,000 | 22,66,000 | 73 |
| bNII (bids above ₹10L) | 1.88 | 10,24,000 | 19,28,000 | |
| sNII (bids below ₹10L) | 0.66 | 5,12,000 | 3,38,000 | |
| Individual Investors | 2.10 | 23,08,000 | 48,44,000 | 1,211 |
| Total | 1.83 | 39,24,000 | 71,90,000 | 1,285 |
Total Application : 1,285
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees | 1.35 |
| 2 | Underwriting Fees | 0.55 |
| 3 | Fees Payable to the Market Maker to the Issue | 0.03 |
| 4 | Fees Payable to the Registrar to the Issue | 0.01 |
| 5 | Fees Payable for Advertising and Publishing expenses | 0.10 |
| 6 | Fees payable to Regulators including Stock Exchange and Depositories | 0.12 |
| 7 | Payment fees for Printing & Stationery, Postages, etc | 0.00 |
| 8 | Fees payable to Statutory Auditor, Legal Advisors and other Professionals | 0.03 |
| 9 | Concurrent Auditor | 0.00 |
| 10 | Others | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹54.00 |
| Open | ₹54.00 |
| Low | ₹51.30 |
| High | ₹54.00 |
| Last Trade | ₹51.30 |
Lead Manager Reports
Galaxy Medicare IPO is a SME IPO of 41,32,000 equity shares of the face value of ₹10 aggregating up to ₹22 Crores. The issue is priced at ₹54 per share. The minimum order quantity is 2000.
The IPO opens on Wed, Sep 10, 2025, and closes on Fri, Sep 12, 2025.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Galaxy Medicare IPO using UPI as a payment gateway. Zerodha customers can apply in Galaxy Medicare IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Galaxy Medicare IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Galaxy Medicare IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025.
Galaxy Medicare IPO lot size is 2000, and the minimum amount required for application is ₹2,16,000, with 2 lots being the minimum application size.
You can apply in Galaxy Medicare IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Galaxy Medicare IPO will be done on Monday, September 15, 2025, and the allotted shares will be credited to your demat account by Tue, Sep 16, 2025. Check the Galaxy Medicare IPO allotment status.
The Galaxy Medicare IPO listing date is on Wed, Sep 17, 2025.
