Galaxy Medicare Ltd
Price Range
₹51 - ₹54
-
Min. Quantity
2,000 Shares
Closes on
12 September 2025
-
Min. investment
₹1,08,000
Galaxy Medicare Ltd IPO Timeline
Galaxy Medicare Limited was originally established on July 23, 1992 as a Limited Company in the Mancheshwar Industrial area of Bhubaneswar, Orissa. The Company commenced its operations in 1992 when the founder, Mr. Dillip Kumar Das, acquired a closed business unit, M/s Cure Aids Private Limited from Odisha Industrial Infrastructure Development Corporation (IDCO) and Odisha State Financial Corporation under the investment promotion, facilitation and aftercare strategy of Industrial Promotion and Investment Corporation of Odisha (IPICOL) and revived the business unit to start manufacturing of Medical Devices such as Plaster of Paris Bandage (POP Bandage), Medical Tapes and Bandages, Other surgical dressings and external preparations products of Wound care & Wound management including sterile surgical wound dressing, medical disposable, adhesive bandages, absorbent gauze, etc.
| Event | Date |
|---|---|
| Galaxy Medicare Ltd IPO Opening Date | 10 September 2025 |
| Galaxy Medicare Ltd IPO Closing Date | 12 September 2025 |
| Basis of Allotment | 15 September 2025 |
| Initiation of Refunds | 16 September 2025 |
| Credit of Shares to Demat | 16 September 2025 |
| Galaxy Medicare Ltd IPO Listing Date | 17 September 2025 |
Galaxy Medicare Ltd IPO Details
| Galaxy Medicare Ltd IPO Date | 10 September 2025 to 12 September 2025 |
| Galaxy Medicare Ltd IPO Face Value | ₹10 per share |
| Galaxy Medicare Ltd IPO Price | ₹51 to ₹54 per share |
| Galaxy Medicare Ltd IPO Lot Size | 2,000 |
| Issue Size | Shares of ₹10 (aggregating up to ₹22.31 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹17.86 Cr) |
| Offer for Sale | Shares of ₹10 (aggregating up to ₹4.45 Cr) |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | Not more than 80,000 of the Net Offer |
| Retail Shares Offered | Not less than 23,08,000 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15,36,000 of the Net Offer |
| Company Promoters | Dillip Kumar Das, Subhasish Das, Kiran Das |
Galaxy Medicare Ltd IPO Lot Size
The Galaxy Medicare Ltd IPO lot size is 2,000 shares. A retail-individual investor can apply for up to 1 lots (2,000 shares or ₹1,08,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 2,000 | ₹1,08,000 |
| Maximum | 1 | 2,000 | ₹1,08,000 |
- Strengths
- Risks
- Opportunities
- Organizational stability along with management expertise.
- Established reputation and customer relationships.
- Focus on consistently meeting quality standards.
- International Presence.
- Well Established Manufacturing Facility designed for wide range of products.
- Experienced Management Team and a motivated and efficient workforce.
Company Financials
Galaxy Medicare Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 32.53 | 36.94 | 3.71 |
| 03-2023 | 32.31 | 32.03 | 1.57 |
| 03-2022 | 30.46 | 30.74 | -0.21 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirement towards purchase of machinery for the company existing manufacturing facility at
- Funding the working capital requirements
- General corporate purposes
Galaxy Medicare Ltd IPO Promoter Holding
| Pre Issue Share Holding | 17.8% |
| Post Issue Share Holding | 8.48% |
Galaxy Medicare Ltd IPO Subscription Status (Bidding Detail)
The Galaxy Medicare Ltd IPO is subscribed 1.7904 times on 12 September 2025 05:00:00 PM. The public issue subscribed 2.0988 times in the retail category, 1 times in the QIB category, and 1.6107 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 1 | 1.6107 | 2.0988 | - | 1.7904 |
Galaxy Medicare Ltd IPO Prospectus
Galaxy Medicare Ltd IPO Listing Date
| BSE Script | - |
| NSE Symbol | - |
| Listing In | NSE - SME |
| ISIN | INE09A801015 |
| IPO Price | ₹54 |
| Face Value | ₹10 |
Company Contact Information
Plot No.2 Zone-D Phase AMancheswar Ind.Est Bhubaneswar,Khurda-751010
Phone: +91 99370 00991
Email: CS@galaxymed.co.in
Website: www.galaxy.com
Galaxy Medicare Ltd IPO Registrar
Galaxy Medicare Ltd IPO Lead Manager(s)
- Affinity Global Capital Market Pvt Ltd
FAQ
What is the issue size of Galaxy Medicare Ltd IPO?
I have pre-applied for Galaxy Medicare Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.