Galaxy Medicare’s IPO was subscribed 1.83 times on the last day. The retail quota was subscribed over 2.10 times, NII was subscribed over 1.48 times, and QIB was subscribed 1.00 times, respectively.
Details About Galaxy Medicare IPO
Galaxy Medicare got approval from SEBI for an IPO of around ₹22.31 crores. Galaxy Medicare IPO is a fresh issue of ₹17.86 crores and offer for sale up to 8,24,000 equity shares with a face value of ₹10 each.
Furthermore, Galaxy Medicare had a set price band of ₹51 to ₹54 per share.
In the Galaxy Medicare IPO, 4,000 shares were in 2 lot sizes for the retail minimum and maximum categories as well.
- Moreover, 6,000 shares were in 3 lot sizes for the S-HNI category.
- S-HNI Maximum investment has 18,000 shares in 9 lot sizes.
- B-HNI Minimum investment has 20,000 shares in 10 lot sizes.
To invest in the Galaxy Medicare IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ₹2,16,000.
- SHNI (S-HNI): Minimum investment of ₹3,24,000.
- S-HNI Maximum: Minimum Investment of ₹9,72,000.
- B-HNI Minimum: Minimum Investment of ₹10,80,000.
Galaxy Medicare IPO’s Subscription Duration
The opening date of Galaxy Medicare IPO was on September 10, 2025, and the closing date was on September 12, 2025. The allotment date of Galaxy Medicare IPO was on September 15, 2025, and the investors will receive a refund on September 16, 2025. Galaxy Medicare is set to be listed on September 17, 2025.
Galaxy Medicare IPO funds deployment
- The money from the IPO would be used for the Funding of Capital Expenditure requirements towards the purchase of machinery for the existing manufacturing facility at Bhubaneshwar, Odisha.
- A portion of IPO money will be used to fund the working capital requirements.
- A portion of IPO money would be utilised for the General Corporate Purposes.
- A portion of IPO money will be utilized to meet the offer-related expenses.
About Galaxy Medicare Company
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.
Financial Report of the Galaxy Medicare Company
In 2025, the company earned ₹40.27 crores in revenue, slightly up from ₹36.94 crores in 2024. However, its profit was ₹3.37 crores in 2025, a bit lower than the ₹3.71 crores profit in 2024.
