Galaxy Medicare Limited IPO
Price Band
₹51 - ₹54
Total Issue
₹22 Cr
Bid Dates
10 Sep - 12 Sep
Subscription
1.83x
Listing Price
₹54 (0.00%)
Valuation
Market Cap
₹81.93 Cr
P/E Ratio
19.01x
P/B Ratio
3.49x
Galaxy Medicare IPO Dates
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Galaxy Medicare Limited, incorporated in 1992 in Bhubaneswar, Odisha, is engaged in the manufacturing of medical devices and wound care products. Founded by Mr. Dillip Kumar Das, the company began operations by reviving a closed industrial unit acquired under Odisha’s industrial promotion initiatives. Galaxy Medicare manufactures a wide range of products including Plaster of Paris (POP) bandages, medical tapes, surgical dressings, adhesive bandages, absorbent gauze, and other disposable wound care and management products. With decades of experience, the company has established itself as a reliable player in the healthcare and medical devices sector.
Galaxy Medicare IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 4,000 | ₹2,16,000 |
| Ind (Max) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (Min) | 3 | 6,000 | ₹3,24,000 |
| S-HNI (Max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (Min) | 10 | 20,000 | ₹10,80,000 |
Galaxy Medicare IPO Size
Objects of Issue
- Funding Capital Expenditure requirement towards purchase of machinery
- Funding the working capital requirements
- General Corporate Purposes
Galaxy Medicare IPO IPO Live Subscription
Updated as on 12-Sep-2025 19:00:15 hrs
| Category | Sub (x) | Offered | Bids |
|---|---|---|---|
| QIB | 1.00x | 80,000 | 80,000 |
| NII | 1.48x | 15,36,000 | 22,66,000 |
| bHNI | 1.88x | 10,24,000 | 19,28,000 |
| sHNI | 0.66x | 5,12,000 | 3,38,000 |
| Individual Investor | 2.10x | 23,08,000 | 48,44,000 |
| Total | 1.83x | 39,24,000 | 71,90,000 |
Galaxy Medicare IPO IPO Details Live GMP
| Date | GMP (₹) | Est. Price |
|---|---|---|
| 10 Sep | ₹1 (1.9%) | ₹55 |
| 09 Sep | ₹1 (1.9%) | ₹55 |
| 08 Sep | ₹0 (0%) | ₹54 |
Galaxy Medicare IPO Peer Comparison
(Rs. in crores)
| Particulars | Galaxy Medicare | Adeshwar Meditex | KMS Medisurgi |
|---|---|---|---|
| Revenue from Ops (in Crs.) | 39.20 | 83.71 | 13.94 |
| PAT (In Crs.) | 3.37 | 2.07 | 0.44 |
| EPS - Basic | 2.84 | 1.43 | 1.33 |
| NAV per share | 14.06 | 27.69 | 24.50 |
| RONW | 10.25% | 5.17% | 5.44% |
| EBITDA | 14.59% | 5.53% | 6.88% |
| PAT Margin | 9.00% | 2.00% | 3.00% |
| Price to earning (PE) | 19.01 | 12.59 | 95.11 |
| Debt to Equity | 0.25 | 0.31 | 0.11 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of December 6, 2024 for Peers
Galaxy Medicare IPO IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue from Operations | 40.27 | 36.94 | 32.03 |
| Profit after Tax | 3.37 | 3.71 | 1.57 |
| Net Worth | 18.36 | 15.54 | 11.94 |
| Total Borrowing | 4.61 | 8.12 | 9.15 |
| Total Assets | 31.49 | 32.53 | 32.31 |
| NAV per share (in ₹) | 15.48 | 13.10 | 10.07 |
| EPS - Basic (in ₹) | 2.84 | 3.12 | 1.32 |
Key Performance Indicators (KPIs)
EBITDA
11.69%
PAT
8.60%
ROE
19.88%
ROCE
22.38%
Debt to Equity
0.25
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
99.57%
Public
0.43%
Management
Registrar & Lead Managers
Registrar
Cameo Corporate Services
Lead Managers (1)
Company Details
Name: Galaxy Medicare Limited
Address: Plot No-2, Zone D, Phase A,
Estate, Bhubaneswar, Khurda-751010
Number: +91 7381890000
Email: cs@galaxymed.co.in
Website: www.galaxy.in
Explore More IPOs
Discover other active and upcoming IPOs.
Live IPOs
View All
Opening Soon
View All
Recently Closed
View All
Frequently Asked Questions (FAQs)
What is Galaxy Medicare IPO?
When will Galaxy Medicare IPO open?
What is the GMP of Galaxy Medicare IPO?
What is the lot size of Galaxy Medicare IPO?
When is the allotment of Galaxy Medicare IPO?
What is the listing date of Galaxy Medicare IPO?
What is the subscription of Galaxy Medicare IPO?
What is the price band of Galaxy Medicare IPO?
How to check allotment status of Galaxy Medicare IPO?
How to apply Galaxy Medicare IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Galaxy Medicare IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Galaxy Medicare IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Galaxy Medicare IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date