Galaxy Medicare IPO
Galaxy Medicare IPO
Overview
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..
Total Shares
41,32,000
Issue Size
₹22.31 Cr
Price Band
₹51 – ₹54
Lot Size
2000 shares
Min. Investment
₹2,16,000
Max. Investment
₹2,16,000
Open Date
10 Sep, 2025
Close Date
12 Sep, 2025
Allotment
15 Sep, 2025
Listing
17 Sep, 2025
Max. Investment
₹2,16,000
Announced
10 Sep, 2025
Opening Date
10 Sep, 2025
Closing Date
12 Sep, 2025
Basis of Allotment
15 Sep, 2025
Initiation of Refunds
16 Sep, 2025
Credit of Shares
16 Sep, 2025
Listing Date
17 Sep, 2025
Live GMP
Est. Listing: ₹59
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Galaxy Medicare IPO
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 need
Galaxy Medicare IPO Share Price
Issue Breakdown
Shareholding
Dilution: 27.9% increase in shares
Galaxy Medicare IPO Promoters Holding
Galaxy Medicare IPO Financial Health
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.
Galaxy Medicare IPO Lot Size
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 | 4000 | ₹2,16,000 |
| Individual investors (Retail) (Min) | 2 | 4000 | ₹2,16,000 |
| Individual investors (Retail) (Max) | 2 | 4000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20000 | ₹10,80,000 |
(All values in CR)
Galaxy Medicare IPO Valuations
The market capitalization of Galaxy Medicare IPO is ₹81.93 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| 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 |
(All values in CR)
Galaxy Medicare IPO Strength & Risk
Galaxy Medicare IPO Strength:
Established presence in the medical-device manufacturing sector with a long operational history.
Diverse product portfolio including surgical dressings, POP bandages, adhesive tapes, and other medical devices.
Revenue comes from multiple streams including branded sales, OEM contracts, government tenders, and exports.
Holds quality certifications such as ISO and CE, ensuring compliance with international standards.
Demonstrates improving financial performance with rising revenues and profitability.
Well-positioned compared to peers in terms of margin and operational efficiency.
Galaxy Medicare IPO Risk:
Dependence on a few key customers, which may impact revenue if lost.
Vulnerable to raw material supply disruptions and price fluctuations.
Exposure to changes in export regulations and foreign market demand.
SME listing may lead to lower liquidity and higher post-listing volatility.
Smaller scale compared to larger competitors may limit growth potential.
Limited speculative interest reflected in grey market activity.
Galaxy Medicare IPO Subscriptions Status
Galaxy Medicare IPO subscribed 1.83 times. The public issue subscribed 2.10 times in the individual investors category, 1.00 times in QIB (Ex Anchor), and 1.48 times in the NII category by September 12, 2025 5:00:01 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 2,08,000 | 2,08,000 | 1.123 |
| QIB (Ex Anchor) | 1.00 | 80,000 | 80,000 | 0.432 |
| Non-Institutional Buyers | 1.48 | 15,36,000 | 22,66,000 | 12.236 |
| bNII (bids above ₹10L) | 1.88 | 10,24,000 | 19,28,000 | 10.411 |
| sNII (bids below ₹10L) | 0.66 | 5,12,000 | 3,38,000 | 1.825 |
| Individual Investors (IND category bidding for 2 Lots) | 2.10 | 23,08,000 | 48,40,000 | 26.136 |
| Total | 1.83 | 39,24,000 | 71,86,000 | 38.804 |
Galaxy Medicare IPO GMP
Galaxy Medicare SME IPO last GMP is ₹0, last updated Sep 12th 2025 03:53 PM. With the price band of 54.00, Galaxy Medicare SME IPO's estimated listing price is ₹54 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%. The lowest GMP is ₹0.00, while the highest GMP is ₹6.00.
Last updated 11 Sep, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 11 Sep, 2025 | 54 | ₹5▲ | 7600 | ₹59 (9.26%) | 10000 | 11 Sep, 2025 |
| 10 Sep, 2025 | 54 | ₹3▲ | 4600 | ₹57 (5.56%) | 6000 | 10 Sep, 2025 |
| 09 Sep, 2025 | 54 | ₹1▲ | 1500 | ₹55 (1.85%) | 2000 | 09 Sep, 2025 |
| 12 Sep, 2025 | 54 | ₹0 | - | ₹54 (0.00%) | - | 12 Sep, 2025 |
| 08 Sep, 2025 | 54 | ₹0 | - | ₹54 (0.00%) | - | 08 Sep, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Galaxy Medicare IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Galaxy Medicare IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.