Galaxy Medicare Ltd
Pre Issue Shares
1,18,63,983
No. of Shares Issued
44,40,000
Pre Issue Equity Amt.
₹11.86 Cr
DP Filling Date
13 March 2025
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.
Galaxy Medicare Ltd IPO Details
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| Galaxy Medicare Ltd IPO Price | - |
| Galaxy Medicare Ltd IPO Lot Size | - |
| Issue Size | - |
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| Offer for Sale | - |
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| QIB Shares Offered | - |
| Retail Shares Offered | - |
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| Company Promoters | Dillip Kumar Das, Subhasish Das, Kiran Das |
- 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 Prospectus
Galaxy Medicare Ltd IPO Listing Date
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| NSE Symbol | - |
| Listing In | - |
| IPO Price | ₹0 |
| 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