Galaxy Medicare Shares List at ₹54 on NSE Emerge, Trade Down to Lower Circuit of ₹51.30

Mumbai, September 17, 2025: Galaxy Medicare Limited’s IPO shares listed on the NSE Emerge platform today, listing at ₹54 per share, in alignment with the higher side of the initial public offering (IPO) price range. The stock, however, went under immediate selling pressure and fell to its lower circuit of ₹51.30, down 5% from the issue price.

Galaxy Medicare Limited, which was established in 1992 and is headquartered in Bhubaneswar, produces and exports medical equipment, surgical dressings, and Plaster of Paris (POP) bandages. Its range of products features flagship brands like POP Band, Carepore, GypsoNet, and GypsoChlor, which supply the government health departments, corporate hospitals, and private healthcare providers both domestically and abroad. It operates in the industry of healthcare consumables and uses long-term supplier contacts and channels of export to stay competitive in the market.

Listing Day Volatility Reaches ₹51.30 as Selling Pressure Builds

The first-hour trading of the stock witnessed tremendous volatility, the day high being ₹54 and the day low being ₹51.30. 2.20 lakh shares were traded, aggregating a traded value of ₹1.19 crore. The listing market capitalisation stood at ₹77.83 crore with a minimum lot size of 2,000 shares. Initial market trading showed that sell orders outnumbered buy interest by a wide margin, with 6.44 lakh shares being offered and no matching bids, resulting in the instant triggering of the lower price band.

IPO Subscription of 1.83x Creates Initial Expectations

Galaxy Medicare’s ₹22 crore IPO between 10-12 September 2025 was subscribed 1.83 times in total. The retail investor category was subscribed 2.10 times, whereas the non-institutional investors (NIIs) subscribed 1.48 times. The qualified institutional buyer (QIB) subscription was 1.00 times, completely taken up by a single institutional application, demonstrating focused institutional interest during the offer period.

Listing Outcome Reflects Immediate Market Dynamics

The steep fall to the lower circuit was mainly caused by uneven sell orders, indicating a short-term imbalance between supply and demand on the day of listing. The opening pricing was in line with market expectations, but the rapid fall in the stock reflects the influence of order book imbalances on small-cap listings. Investors and analysts are watching how the stock stabilizes after the opening-day volatility.

Galaxy Medicare’s NSE Emerge listing highlight the vulnerability of small-cap listings to listing-day trading pressures, order book imbalances, and supply-demand mismatches. Market participants should observe how listing-day volatility influences share price dynamics and the need to watch out for early trading activity for insights into broader market dynamics.

REF: https://www.nseindia.com/get-quotes/equity?symbol=GML

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