Galaxy Medicare IPO Details
| IPO Open Date | September 10, 2025 |
| IPO Close Date | September 12, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹51 to ₹54 Per Share |
| Issue Size | Approx ₹22.31 Crores |
| Fresh Issue | Approx ₹17.86 Crores |
| Offer for Sale | Approx 8,24,000 Equity Shares |
| Lot Size | 2,000 Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Galaxy Medicare Review & Key Points
- Review:
Galaxy Medicare IPO Market Lot
The Galaxy Medicare IPO minimum market lot is 4,000 shares with ₹2,16,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 4,000 | ₹2,16,000 |
| Retail Maximum | 2 | 4,000 | ₹2,16,000 |
| S-HNI Minimum | 3 | 6,000 | ₹3,24,000 |
| S-HNI Maximum | 9 | 18,000 | ₹9,72,000 |
| B-HNI Minimum | 10 | 20,000 | ₹10,80,000 |
IPO Reservation
| Investor Category | Share Offered | % Shares |
| Market Maker Shares Offered | 2,08,000 Shares | 5.03% |
| QIB Shares Offered | 80,000 Shares | 1.94% |
| NII Shares Offered | 15,36,000 Shares | 37.17% |
| bNII > ₹10L | 10,24,000 Shares | 24.78% |
| sNII < ₹10L | 5,12,000 Shares | 12.39% |
| Retail Shares Offered | 23,08,000 Shares | 55.86% |
| Total Shares Offered | 41,32,000 Shares | 100% |
Galaxy Medicare IPO Anchor Investors
- NA
Galaxy Medicare IPO Dates
The Galaxy Medicare IPO date is September 10 and the close date is September 12. The Galaxy Medicare IPO allotment will be finalized on September 15 and the IPO listing on September 17.
| IPO Open Date: | September 10, 2025 |
| IPO Close Date: | September 12, 2025 |
| Basis of Allotment: | September 15, 2025 |
| Refunds: | September 16, 2025 |
| Credit to Demat Account: | September 16, 2025 |
| IPO Listing Date: | September 17, 2025 |
| IPO Bidding Cut-off Time: | September 12, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Mr. Dillip Kumar Das, Mr. Subhasish Das and Mrs. Kiran Das.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 1,18,63,983 | 89.49% |
| Promoter Holding Post Issue | 1,51,71,983 | 64.60% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores | % |
| Funding Capital Expenditure requirement towards purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha | 4.89 | 21.91% |
| Funding the working capital requirements | 8.94 | 40.07% |
| General Corporate Purposes | – | -% |
| To meet the offer related expenses | – | -% |
About Galaxy Medicare IPO
A leading company, Galaxy Medicare, was founded in 1992 and engaged in making and selling, and exporting medical devices, POP bandages, and surgical dressings. Galaxy Medicare has been in business for over 30 years and owns 27 registered trademarks, including popular brands like POP BAND, POP CAST, G CAST, and CARETAPE.
By providing its products to government health departments, major hospitals, and private companies, the company has established a strong and effective presence in India. The company has around 190 employees, to improvement, product innovation, and cost efficiencies to meet global standards. Apart from that, the company can check products for design, quality, and finish, due to having a quality control unit. All units are furnished with the necessary tools, machines, and technology to manufacture that product, which are internationally accepted.
Galaxy Medicare IPO Company Financial Report
The company reported revenue of ₹40.27 crores in 2025 against ₹36.94 crores in 2024. The company reported profit of ₹3.37 crores in 2025 against profit of ₹3.71 crores in 2024.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹32.03 | ₹30.99 | ₹1.57 | ₹32.31 |
| 2024 | ₹36.94 | ₹32.62 | ₹3.71 | ₹32.53 |
| 2025 | ₹40.27 | ₹35.73 | ₹3.37 | ₹31.49 |
Galaxy Medicare IPO Valuation – FY2025
Check Galaxy Medicare IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 19.88% |
| ROCE: | 22.38% |
| EBITDA Margin: | 14.59% |
| PAT Margin: | 8.60% |
| Debt to equity ratio: | 0.25 |
| Earning Per Share (EPS): | ₹2.84 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 18.35% |
| Net Asset Value (NAV): | ₹15.48 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Adeshwar Meditex Limited | 1.43 | 12.59 | 5.17% | 27.69 | 2.07 Cr. |
| KMS Medisurgi Limited | 1.33 | 95.11 | 5.44% | 24.50 | 0.44 Cr. |
IPO Lead Managers aka Merchant Bankers
- Affinity Global Capital Market Pvt.Ltd.
Company Address
Galaxy Medicare Ltd.
Plot No-2, Zone D,
Phase A, Mancheswar Industrial Estate
Khurda
Bhubaneshwar, Odisha, 751010
Phone: +91 9937000991
Email: [email protected]
Website: http://www.galaxy.in/
IPO Registrar
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Galaxy Medicare IPO FAQs
What is Galaxy Medicare IPO?
When Galaxy Medicare IPO will open for subscription?
What is Galaxy Medicare IPO Investors Portion?
How to Apply the Galaxy Medicare IPO?
What is Galaxy Medicare IPO Issue Size?
What is Galaxy Medicare IPO Price Band?
What is Galaxy Medicare IPO Lot Size?
What is the Galaxy Medicare IPO Allotment Date?
What is the Galaxy Medicare IPO Listing Date?
Note: The Galaxy Medicare IPO price band and date are officially announced. The (Galaxy Medicare IPO grey market premium) will be added to the IPO GMP page as it will start).
