Galaxy Medicare Ltd. IPO: The Galaxy Medicare IPO is a book-built issue worth ₹22.31 crore. This includes a new issue of shares and a proposal for sale, which has a price band between ₹ 51 and ₹ 54 per share. The shares are expected to be listed on NSE SMEs, which gives investors a chance to participate in the company’s development.
Galaxy Medicare Ltd. IPO Overview
Bidding for the Galaxy Medicare IPO is open from September 10 to September 12, 2025. This SME IPO has a lot size of 2,000 shares, and the company manufactures and exports medical devices and surgical dressings. Its shares are slated for listing on the NSE SME.
| Details | Descriptions |
|---|---|
| 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 |
| Total Issue Size | 41,32,000 shares (aggregating up to ₹22.31 Cr) |
| Reserved for Market Maker | 2,08,000 shares (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 | BSE SME |
| Share Holding Pre Issue | 1,18,63,983 shares |
| Share Holding Post Issue | 1,51,71,983 shares |
Galaxy Medicare Ltd. IPO Schedule
The IPO was opened on September 10, 2025, and will close on 12 September 2025. This allocation has been temporarily determined for September 15, 2025, with shares submitted to demat accounts by 16 September, 2025. The list on NSE SME is expected on September 17, 2025.
| Details | Description |
|---|---|
| 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 |
Galaxy Medicare Ltd. IPO Lot Size Details
The minimum application for a retail investor is 2 lots, or 4,000 shares, which requires an investment of ₹2,16,000. For S-HNI investors, the minimum is 3 lots (6,000 shares), while B-HNI investors must apply for a minimum of 10 lots (20,000 shares).
| 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 |
Galaxy Medicare Ltd. IPO Allocation
The total stocks of the IPO were strategically allocated in various investor categories.
| 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%) |
| Retail Shares Offered | 23,08,000 (55.86%) |
| Total Shares Offered | 41,32,000 (100.00%) |
Galaxy Medicare Ltd. IPO Promoter Holding
Pre-issue promoter holding in Galaxy Medicare was 89.49%, which will be diluted to 64.60% post-issue. The promoters, including Mr. Dillip Kumar Das, Mr. Subhasish Das, and Mrs. Kiran Das, are committed to the company’s long-term vision.
| Details | Promoter Holding (%) |
|---|---|
| Promoter Holding Pre Issue | 89.49% |
| Promoter Holding Post Issue | 64.60% |
Galaxy Medicare Ltd. IPO Anchor Investors Details
The Galaxy Medicare IPO successfully ended its anchor investor bidding on 9 September 2025. A total of 11,77,200 shares were introduced to anchor investors, representing an important part of the total issue. Investors should note the lock-in period, in which 50% shares are closed for 30 days and the remaining for 90 days.
| Details | Description |
|---|---|
| Bid Date | September 10, 2025 |
| Shares Offered | 2,16,000 |
| Anchor Portion Size (In Cr.) | 11.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | 10-Oct-25 |
| Anchor lock-in period end date for remaining shares (90 Days) | 10-Dec-25 |
Overview of Galaxy Medicare Ltd.
Galaxy Medicare Ltd., a manufacturer and exporter of medical devices, POP bandages, and surgical dressings, is conducting a book-built IPO worth ₹22.31 crores. The issue, which is a combination of a new issue and a proposal for sale, is open to bid from September 10 to September 12, 2025. The company’s products have been certified with ISO 9001: 2015 and ISO 13485: 2016. With a price band of ₹ 51 to ₹ 54 per share and 2,000 shares, IPO offers investors the opportunity to engage with the company focused on the medical field. The shares are expected to be listed on the NSE SME, providing a platform for public trading and liquidity.
Company Financials
Galaxy Medicare Ltd. Financial Information (Restated Standalone)
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
|---|---|---|---|
| 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 |
Key Performance Indicator (KPI)
The market cap. of Galaxy Medicare Ltd. IPO is ₹81.93 Crores.
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 |
Galaxy Medicare Ltd. IPO Objectives
| Objects of the Issue | Expected Amount (₹ in cr.) |
|---|---|
| Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha | 4.89 |
| Funding the working capital requirements | 8.94 |
| General corporate purposes | – |
Galaxy Medicare Ltd. IPO Subscription Status
| Category | Subscription | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.00 | 80,000 | 80,000 | 1 |
| NII* | 1.46 | 15,36,000 | 22,38,000 | 69 |
| bNII (bids above ₹10L) | 1.88 | 10,24,000 | 19,28,000 | – |
| sNII (bids below ₹10L) | 0.61 | 5,12,000 | 3,10,000 | – |
| Individual Investors | 1.98 | 23,08,000 | 45,68,000 | 1,142 |
| Total | 1.75 | 39,24,000 | 68,86,000 | 1,212 |
Galaxy Medicare Ltd. IPO Contact Details
- 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/
Galaxy Medicare Ltd. IPO Registrar
Cameo Corporate Services Ltd.
| Details | Descriptions |
|---|---|
| Phone: | +91-44-28460390 |
| Email: | investor@cameoindia.com |
| Website: | https://ipo.cameoindia.com/ |
Galaxy Medicare Ltd. IPO FAQs
When Galaxy Medicare Ltd. IPO become available?
The IPO will open on September 10, 2025.
What is the minimum lot size for the Galaxy Medicare Ltd. IPO?
The minimum lot size is 2000 shares.
What is the process to apply for the Galaxy Medicare Ltd. IPO?
You can apply online using ASBA through your bank’s net banking or UPI through a broker.
When will the shares for the Galaxy Medicare Ltd. IPO be allotted?
The allotment is expected to be finalized on Mon, Sep 15, 2025.
What is the expected listing date for the Galaxy Medicare Ltd. IPO?
The tentative listing date is Wed, Sep 17, 2025.
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