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Galaxy Medicare IPO
₹1,02,000/2000 shares
Minimum Investment
IPO Details
10 Sep 25
12 Sep 25
₹1,02,000
2000
₹51 to ₹54
NSE
₹22.31 Cr
17 Sep 25
Open Free Demat Account
Open Free Demat Account
Galaxy Medicare IPO Timeline
Bidding Start
10 Sep 25
Bidding Ends
12 Sep 25
Allotment Finalisation
15 Sep 25
Refund Initiation
16 Sep 25
Demat Transfer
16 Sep 25
Listing
17 Sep 25
Galaxy Medicare Limited
Incorporated in July 1992, Galaxy Medicare Limited manufactures and exports medical devices, POP bandages, and surgical dressings in India, using premium-grade raw materials from authentic vendors. The company offers a wide range of products, including surgical dressings, plaster of Paris bandages, adhesive tapes, compression bandages, wound care solutions, gauze products, and orthopedic items. It operates through flagship brands, OEM manufacturing, government tenders, and exports, holding 27 registered trademarks. ISO 9001:2015 and ISO 13485:2016 certifications ensure quality compliance, and as of March 2025, it employs 190 professionals across departments.
Galaxy Medicare Limited IPO Overview
Galaxy Medicare IPO is a book building issue worth ₹22.31 crores, comprising a fresh issue of 0.33 crore shares aggregating ₹17.86 crores and an offer for sale of 0.08 crore shares aggregating ₹4.45 crores. The IPO opens for subscription on 10 September 2025 and closes on 12 September 2025, with allotment expected on 15 September 2025 and a tentative listing on NSE SME on 17 September 2025. The price band is ₹51 to ₹54 per share, with a lot size of 2,000 shares. Retail investors must invest a minimum of ₹2,16,000 for 4,000 shares, while HNIs require a minimum of 3 lots (6,000 shares) amounting to ₹3,24,000. Affinity Global Capital Market Pvt. Ltd. is the book running lead manager, Cameo Corporate Services Ltd. is the registrar, and Prabhat Financial Services Ltd. is the market maker.
Galaxy Medicare Limited IPO Details
| Particulars | Details |
| IPO Date | 10 September 2025 to 12 September 2025 |
| Listing Date | 17 September 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹51 to ₹54 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 41,32,000 shares (aggregating up to ₹22.31 Cr) |
| Fresh Issue | 31,00,000 shares (aggregating up to ₹16.74 Cr) |
| Offer for Sale | 8,24,000 shares (aggregating up to ₹4.45 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 |
| Market Maker Portion | 2,08,000 shares |
Galaxy Medicare IPO Reservation
| Investor Category | Shares Offered |
| Market Maker | 2,08,000 (5.03%) |
| QIB | 80,000 (1.94%) |
| NII (HNI) | 15,36,000 (37.17%) |
| Retail | 23,08,000 (55.86%) |
Galaxy Medicare IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 4,000 | ₹2,16,000 |
| Retail (Max) | 2 | 4,000 | ₹2,16,000 |
| HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Galaxy Medicare IPO Promoter Holding
| Shareholding Status | Percentage |
| Pre-Issue | 89.49% |
| Post-Issue | 64.60% |
Galaxy Medicare Limited IPO Valuation Overview
| KPI | Value |
| Earnings Per Share (EPS) | 2.84 (Pre IPO), 2.22 (Post IPO) |
| Price/Earnings (P/E) Ratio | 19.01 (Pre IPO), 24.31 (Post IPO) |
| Return on Net Worth (RoNW) | 18.35% |
| Net Asset Value (NAV) | 14.06 |
| Return on Equity | 19.88% |
| Return on Capital Employed (ROCE) | 22.38% |
| EBITDA Margin | 11.69% |
| PAT Margin | 8.60% |
| Debt to Equity Ratio | 0.25 |
Objectives of the Proceeds
- Purchase machinery for the existing manufacturing facility in Bhubaneshwar, Odisha: ₹4.89 Cr
- Fund working capital requirements: ₹8.94 Cr
- General corporate purposes
- Meet IPO-related expenses
Key Financials (₹ Crore)
| Particulars | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 31.49 | 32.53 | 32.31 |
| Revenue | 40.27 | 36.94 | 32.03 |
| Profit After Tax | 3.37 | 3.71 | 1.57 |
| Reserves and Surplus | 12.29 | 9.51 | 14.78 |
| Total Borrowings | 4.61 | 8.12 | 9.15 |
SWOT Analysis of Galaxy Medicare IPO
Strength and Opportunities
- Strong leadership team with extensive industry experience.
- Well-established manufacturing and quality control processes.
- Diverse product portfolio meeting various medical needs.
- Growing international market presence for exports.
Risks and Threats
- High dependency on specific domestic suppliers for raw materials.
- Limited international brand recognition compared to global competitors.
- Regulatory changes may impact product approvals and exports.
- Competitive pricing pressures in the domestic medical devices market.
Explore IPO Opportunities
Explore our comprehensive IPO pages to stay updated on the latest trends and insights.
About Galaxy Medicare Limited
Galaxy Medicare IPO Strengths
- Experienced leadership and skilled management team ensures efficient operations.
- Established reputation and strong customer relationships across domestic and international markets.
- Focus on consistently meeting high-quality standards for products and processes.
- Well-established manufacturing facility with a wide range of medical and surgical products.
- In-house Quality Assurance (QA)/Quality Control (QC) and R&D strengthen product reliability.
- Strong international presence with exports to multiple countries enhancing revenue streams.
Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) | P/E (x) | RoNW (%) | P/BV Ratio |
| Galaxy Medicare | 2.84 | 2.84 | 14.06 | 19.01 | 18.35 | 3.49 |
| Peer Group | ||||||
| Adeshwar Meditex | 1.43 | 1.43 | 27.69 | 12.59 | 5.17 | 0.67 |
| KMS Medisurgi | 1.33 | 1.33 | 24.50 | 95.11 | 5.44 | 5.25 |
How to apply IPO with HDFC SKY?
Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.
- 1Login to your HDFC SKY Account
- 2Select Issue
- 3Enter Number of Lots and your Price.
- 4Enter UPI ID
- 5Complete Transaction on Your UPI App
FAQs On Galaxy Medicare Limited IPO
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