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Galaxy Medicare IPO

Open Sme
NSE 10 September - 12 September 2025
Galaxy Medicare Limited IPO is a book build issue of 22.31 Cr. The issue is a combination of fresh issue of 3100000 shares aggregating to 16.74 Cr and offer for sale of 824000 shares aggregating to 4.45 Cr. Galaxy Medicare Limited IPO opened for subscription on Sep 10, 2025 and closed on Sep 12, 2025. The allotment for the this IPO was finalized on Sep 15, 2025. IPO was listed on NSE and BSE on Sep 17, 2025. Galaxy Medicare Limited IPO is set issue price band at ₹51 to ₹54 per share.

Current GMP

₹6 (+11.11%)

Price Band

₹ 51 – 54

Lot Size

2000

Issue Size

₹22.31 Cr

Minimum Investment

₹216000 (4000 Shares)

Listing Date

17 September 2025

Subscription

1.89x

About the Company

Incorporated in July 1992, Galaxy Medicare Limited is a well-established Indian manufacturer, trader, and exporter of medical devices, Plaster of Paris (POP) bandages, surgical dressings, and wound care products. With over three decades of industry presence, the company has built a strong reputation for quality and reliability in both domestic and international markets.

Core Products and Specializations

Galaxy Medicare manufactures a wide range of healthcare and surgical products using premium-grade raw materials sourced from reputed vendors. Its core product portfolio includes:

  • Surgical dressings
  • Plaster of Paris bandages
  • Adhesive tapes
  • Compression bandages
  • Wound care and orthopedic solutions

These products cater to a broad spectrum of medical requirements, serving hospitals, healthcare institutions, and distributors across India and abroad.

Business Operations

The company's operations are diversified across the following key areas:

  • In-house Manufacturing & Branding: Products are sold under well-known proprietary brands, including POP BAND, POP CAST, G CAST, GYPSOSOFT, GYPSOPLAST, CARETAPE, GYPSOCREPE, CARECREPE, CAREPORE, GYPSONET, GYPSOCHLOR, and FIXCAN.
  • OEM Manufacturing: Galaxy Medicare offers contract manufacturing services, developing and testing products to meet the specific requirements of brand owners on a Principal-to-Principal basis.
  • Institutional Sales: Supplies to various central and state government health departments through tender participation on the Government e-Marketplace (GeM) portal.
  • Exports & Trading: The company exports its products internationally, especially to neighboring countries like Bangladesh and Nepal, while also engaging in the trade of surgical devices and dressings.

As of March 2025, Galaxy Medicare employs 190 personnel across departments including production, quality, sales, and R&D.

Trademarks and Certifications

  • Holds 27 registered trademarks in India, supporting brand recognition and product differentiation.
  • Complies with ISO 9001:2015 and ISO 13485:2016 quality standards, ensuring that all products meet the rigorous expectations of global healthcare institutions.

Market Presence and Financial Highlights

Galaxy Medicare has developed a widespread distribution network across India, supplying to:

  • Central and state government health departments
  • Corporate hospitals
  • Private healthcare providers

The company has also maintained strong export performance:

  • INR 8.47 crore in export revenue for FY 2023-24 (up from INR 7.27 crore in FY 2022-23)
  • INR 3.93 crore in exports during the half-year ended September 30, 2024

Competitive Strengths

  • Experienced Leadership and Skilled Management
  • Established Brand Reputation and Customer Relationships
  • Consistent Focus on Quality Compliance
  • State-of-the-Art Manufacturing Facilities
  • In-house QA/QC and R&D Capabilities
  • Expanding Global Presence

Galaxy Medicare Limited continues to drive growth through product innovation, operational excellence, and a strong commitment to quality. With a well-diversified portfolio and a growing global footprint, the company remains a trusted partner in the healthcare industry.

Promoters

  1. Mr. Dillip Kumar Das
  2. Mr. Subhasish Das
  3. Mrs. Kiran Das
Promoters Holding

Holding Pre Issue

89.49%

Holding Post Issue

64.60%

Objects of the Issue

The Company Galaxy Medicare IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

  1. Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha
  2. Funding the working capital requirements
  3. General Corporate Purposes
  4. To meet the offer related expenses

Address / Contact Info

Galaxy Medicare Limited
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/

IPO Snapshot

Face Value₹10 per share
Price Band₹ 51 – 54
Lot Size2000
Issue TypeBook-building IPO
Sale TypeFresh Capital & Offer For Sale
Fresh Issue₹ 16.74 Cr
Offer for Sale₹ 4.45 Cr
Total Issue Size₹ 22.31 Cr
Listing AtNSE
IndustryMedical Equipment
SectorHealthcare
QIB Quota2.04%
BNII Quota26.1%
SNII Quota13.05%
Retail Quota58.82%

Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.

Frequently Asked Questions

Everything you need to know before applying to an IPO.

Galaxy Medicare IPO is a Book-building IPO worth ₹22.31 crores. The price band is ₹51 to 54 per share. The IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025. It will be listed on BSE and NSE. Cameo Corporate Services Limited is the registrar.

The Galaxy Medicare IPO opens on Wed, Sep 10, 2025 and closes on Fri, Sep 12, 2025

Galaxy Medicare IPO Price Band is ₹51 to 54.

Galaxy Medicare IPO lot size is 2000, and the minimum amount required for application is ₹216000.

The minimum investment for Galaxy Medicare IPO is approximately ₹216000 based on the upper price band.

To apply for the Galaxy Medicare IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 12, 2025. After submission, funds are blocked until the basis of allotment of Galaxy Medicare IPO is finalised.

Galaxy Medicare IPO issue size is ₹22.31 crores.

Galaxy Medicare IPO allotment date is Sat, Jun 27, 2026.

The registrar for Galaxy Medicare IPO is Cameo Corporate Services Limited. Investors can go to Cameo Corporate Services Limited website for IPO allotment status, refund processing, and other queries related to Galaxy Medicare IPO through their official website or helpline.

The Galaxy Medicare IPO GMP (Grey Market Premium) is ₹2 as of Fri, Sep 12, 2025. Based on the upper price band of ₹54 per share, the estimated Galaxy Medicare IPO listing price is ₹56, indicating a potential listing gain of approximately 31% over the issue price.