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 opens for subscription on Sep 10, 2025 and closes on Sep 12, 2025. The allotment for the Galaxy Medicare IPO is expected to be finalized on Sep 15, 2025. Galaxy Medicare IPO will list on NSE SME with a tentative listing date fixed as Sep 17, 2025.
Galaxy Medicare IPO price band is set at ₹51.00 to ₹54.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an individual investor (retail) is ₹2,16,000.00 (4,000 shares) (based on upper price). The minimum lot size investment for 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 Date | September 10, 2025 to September 12, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 41,32,000 shares (aggregating up to ₹22.31 Cr) |
| Reserved for Market Maker | 2,08,000 shares Prabhat Financial Services Ltd. (aggregating up to ₹1.12 Cr) |
| Fresh Issue (Ex Market Maker) | 31,00,000 shares (aggregating up to ₹16.74 Cr) |
| Offer for Sale | 8,24,000 shares of ₹10 (aggregating up to ₹4.45 Cr) |
| Net Offered to Public | 39,24,000 shares (aggregating up to ₹21.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,18,63,983 shares |
| Share Holding Post Issue | 1,51,71,983 shares |
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.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,08,000 (5.03%) |
| QIB Shares Offered | 80,000 (1.94%) |
| NII (HNI) Shares Offered | 15,36,000 (37.17%) |
| − bNII > ₹10L | 10,24,000 (24.78%) |
| − sNII < ₹10L | 5,12,000 (12.39%) |
| Retail Shares Offered | 23,08,000 (55.86%) |
| Total Shares Offered | 41,32,000 (100.00%) |
Galaxy Medicare IPO opens on September 10, 2025, and closes on September 12, 2025.
| IPO Open Date | Wed, Sep 10, 2025 |
| IPO Close Date | Fri, Sep 12, 2025 |
| Tentative Allotment | Mon, Sep 15, 2025 |
| Initiation of Refunds | Tue, Sep 16, 2025 |
| Credit of Shares to Demat | Tue, Sep 16, 2025 |
| Tentative Listing Date | Wed, Sep 17, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 12, 2025 |
Investors can bid for a minimum of 4,000 shares and in multiples of 2,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 4,000 | ₹2,16,000 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 market capitalization of Galaxy Medicare IPO is ₹81.93 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 Rs | 2.84 | 2.22 |
| P/E (x) | 19.01 | 24.31 |
The Company Galaxy Medicare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 | |
| 4 | To meet the offer related expenses |
[Dilip Davda] GML is engaged in the manufacturing and trading of medical devices, PoP Bandage. And other surgical dressing products. The company marked growth in its top and bottom lines for the reported periods. It has to its credit registration of 25 trademarks for domestic markets. Based on its recent financial data, the issue appears aggressively priced. Well-informed investors may park moderate funds for medium term. Read detail review...
Galaxy Medicare Ltd.
Plot No-2, Zone D,
Phase A, Mancheswar Industrial Estate
Khurda
Bhubaneshwar, Odisha, 751010
Phone: +91 9937000991
Email: CS@galaxymed.co.in
Website: http://www.galaxy.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Galaxy Medicare IPO is a SME IPO of 41,32,000 equity shares of the face value of ₹10 aggregating up to ₹22.31 Crores. The issue is priced at . The minimum order quantity is 2000.
The IPO opens on September 10, 2025, and closes on September 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 September 10, 2025 and closes on September 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 Tuesday, September 16, 2025. Check the Galaxy Medicare IPO allotment status.
The Galaxy Medicare IPO listing date is not yet announced. The tentative date of Galaxy Medicare IPO listing is Wednesday, September 17, 2025.
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