Galaxy Medicare IPO Subscription Status
Galaxy Medicare IPO subscribed over 0.47x on its first day till 5.00 PM on 10 September 2025.
- Galaxy Medicare IPO subscription QIB investors’ portion is 1.00 times, while NII subscribed 0.66 times, and RII investors subscribed 0.33 times.
- The company has received bids for 18,52,000 shares against 39,24,000 shares on offer on the first day of subscription.
- Galaxy Medicare IPO subscribed over 0.47x on its day 1.
About Galaxy Medicare Company
A leading company, Galaxy Medicare, was founded in 1992 and engaged in making, 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, with a focus on 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 Financial Report
The company reported revenue of ₹40.27 crores in 2025 against ₹36.94 crores in 2024. The company reported a profit of ₹3.37 crores in 2025 against a profit of ₹3.71 crores in 2024.
Galaxy Medicare IPO GMP:
Galaxy Medicare IPO GMP was ₹1 as of Wednesday, September 10, 2025. That indicates the IPO is trading at ₹55 with a ₹1 premium in the grey market against the issue price of ₹54.
