G. Surgiwear Limited IPO
G. Surgiwear Limited IPO
Mainboard NSE & BSE 100% Book Built Offer

Business Overview

G. Surgiwear Limited is a Shahjahanpur-based manufacturer of surgical products and medical implantable devices, founded in 1990 by Ghanshyam Das Agarwal. The Company designs and produces a diverse range including disposable drapes and dressings, hydrocephalus shunts, orthopaedic implants, cranial fixation systems, bone-grafting products, and hydroxy apatite bone cement, spanning Class C and D regulatory categories. As of September 30, 2025, it offered 1,628 SKUs across multiple categories and exported to over 30 countries. Its integrated manufacturing facility in Uttar Pradesh supports end-to-end production.

Surgiwear IPO Size

Fresh Issue
₹370 Cr (TBA Shares)
Offer For Sale
₹370 Cr (TBA Shares)

Objects of the Issue

Financing capital expenditure requirements of the Company through purchase of machinery for its manufacturing facility located at Shahjahanpur, UP

₹167.22 Cr

Pre-payment or re-payment, in part or full, of certain outstanding borrowings availed by the Company

₹93.63 Cr

General corporate purposes

₹TBA Cr

Surgiwear IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Surgiwear IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue 44.61 223.98 168.74 150.95
PAT 5.61 57.95 22.50 13.54
Net Worth 197.43 191.25 133.13 110.92
Borrowings 121.62 93.55 102.26 72.98
Assets 349.10 324.59 270.88 211.22
NAV (₹) 1,495.52 1,448.66 1,008.42 840.18
EPS (₹) 1.14 10.74 4.10 2.31

Key Performance Indicators (KPIs)

EBITDA

44.19%

PAT

25.77%

ROE

30.30%

ROCE

29.66%

Debt to Equity

0.49

Promoter Holding

Promoter

92.96%

Public

7.04%

Ghanshyam Das Agarwal 62.06%
Renu Agarwal 15.15%
Vinamra Agarwal 8.83%
Others 6.92%

Management

Ghanshyam Das Agarwal
MD & Chairman
Renu Agarwal
Executive Director
Shobhakar Mishra
CFO

Registrar & Lead Managers

Company Details

Name: G. Surgiwear Limited

Address: Village Rasoolpur, Jehanganj, Shahjahanpur – 242 001, Uttar Pradesh, India

Number: +91 75185 03415

Email: piyush.cs@surgiwear.net

Website: www.surgiwear.co.in

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